Openbook Market ID Create

[Adele Stanley]

If you’re planning to list your project on swap platforms like Raydium.io within the Solana network, obtaining an OpenBook Market ID is a mandatory step. While transactions on the Solana network are generally cost-effective, the process of acquiring an OpenBook market ID may seem complex and expensive initially. In this guide, we’ll walk you through creating a market ID compatible with Raydium and other exchange platforms using web3 technology, all for just 0.2 SOL.

Step-by-Step Guide to Creating a Market ID:

1. Visit https://www.openbooklab.xyz and follow these steps:

Base Mint: Provide your token’s mint address.
Quote Mint: Select the token you wish to pair with your token.
SOL: So11111111111111111111111111111111111111112
USDC: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
USDT: Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB

2. Adjust the settings according to your preferences:

Min. Order Size: Set the minimum order quantity for the order book.
Price Tick: Determine the number of decimal places for price display.

Note:
The minimum order size should not exceed the base token’s decimals.
The price tick size should not exceed the quote token’s decimals.
The sum of ‘Minimum order size’ + ‘Price Tick’ should not exceed the quote token decimals.

3. Add Liquidity on Raydium:

Visit https://raydium.io/liquidity/create/
Paste the Market ID and click continue.
Set the initial price and liquidity quantity based on your tokenomics and strategy.
Optionally, set the launch date and confirm to finish the process.

Enhancing Visibility:

To increase the visibility and accessibility of your Solana token, consider listing it on platforms such as Birdeye, Dexscreener, Jupiter, Coingecko, and Coinmarketcap. Birdeye and Dexscreener automatically list tokens once the liquidity pool is created. Additionally, you can pay to add your social media to your token profile for increased exposure.

Jupiter Aggregator: Jupiter is Solana’s largest platform for token trading. While token swapping is readily available, full access requires verification. Follow the comprehensive guide on GitHub to initiate the verification process: https://github.com/jup-ag/token-list

Coingecko and CoinMarketCap: Both platforms offer free exposure. To list your token, simply fill out an application:

CoinMarketCap:https://support.coinmarketcap.com/hc/en-us/requests/new
Coingecko:https://docs.google.com/forms/d/e/1FAIpQLSfpIPMsCvVokn7l6OpjJmJoYRxvpArYpO4rvcps-0XQxLQ7DQ/viewform

Conclusion:

In this article, we have learned the steps of “creating an openbook market id” for only 0.2 Sol from scratch and how to create a market on Raydium.io with the market id we created. See you in the next article.