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How to Create Governance Tokens with Zero Budget

  • Governance tokens are crucial for decentralized decision-making in Web3, allowing users to participate in voting and influence project directions.
  • Creating governance tokens without spending money is possible by leveraging free tools, test networks, and open-source code libraries.
  • Steps involved include using secure contract templates like ERC20Votes from OpenZeppelin, deploying on Ethereum testnets for free, adding governance logic with Governor contracts, and using tools like Manual transfers or Snapshot.org for token distribution.
  • To create a DAO on a budget, combine the governance token with free tools like Snapshot pages, Telegram or Discord, and off-chain discussion platforms before considering launching on low-cost networks like Polygon or Arbitrum.

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