Developers
How to Use the OpenZeppelin Contract Wizard to Create a Fungible Token
Author
James Bachini
Publishing date
OpenZeppelin's Contract Wizard now supports Stellar’s smart contracts platform making it easier than ever to generate secure and standardized smart contracts for the Stellar network. In this tutorial, we will walk through the process of using the OpenZeppelin Contract Wizard and the Stellar CLI to create a fungible token (SEP-41 token) and deploy it on the Stellar testnet.
Instructions
To start, navigate to the OpenZeppelin Contract Wizard for Stellar Soroban, smart contract: https://wizard.openzeppelin.com/stellar
Set Token Name and Symbol: Enter a name (e.g., "MyCoin") and a symbol (e.g., "MC").
Set a pre-mint amount for how many tokens you want the deployer of the contract to receive in their wallet during deployment. You can either set this to the total supply or add a mintable function to mint them later in the next section.
Choose Features:
- Mintable - Allows the contract owner to mint additional tokens later.
- Burnable - Enables token holders to burn (destroy) their tokens.
- Pausable - Enables the deployer to pause and disable the contract.
Once you have configured your token, the wizard will generate Rust-based smart contract code in the right-hand panel. Click the "Copy" button to copy the code to your clipboard.
Deploying the Token
Ensure you have the following installed:
Rust (latest stable version)
Cargo (Rust package manager)
The SEP-41 library is currently open sourced as a stable release, but it hasn’t been published to a Rust crate currently (at time of writing March 2025). This means that you’ll need to set up a local module or you can fork this Github repo which has an example already set up:
https://github.com/jamesbachini/Soroban-OpenZeppelin-Token
Move into the directory and run the following commands in a terminal:
cargo build
cargo test
cargo install --locked stellar-cli --features opt
stellar keys address Alice --fund
cargo build --target wasm32-unknown-unknown --release
stellar contract deploy --wasm target/wasm32-unknown-unknown/release/mycoin.wasm --source Alice --network testnet -- --anyConstructorArguments goHere
The terminal will output a contract address which you can verify using a block explorer, be sure to set the network to testnet.
https://stellar.expert/explorer/testnet
Resources
There’s more information available at the following resources:
- https://jamesbachini.com/stellar-soroban-with-openzeppelin/
- OpenZepplin Stellar Contracts: https://github.com/OpenZeppelin/stellar-contracts
- Stellar Dev Portal: https://bit.ly/stellardevhub
- Stellar Dev Docs: https://bit.ly/stellardevdocs
- Stellar Dev Discord: https://bit.ly/stellar-discord-JB