How to mint your tokens
How many tokens should you mint?
You may be wondering if you should mint 100 tokens, 100 million, or anything in between. You’re not the first: this debate is similar to traditional companies determining how many shares to create. Technically, there is no hard requirement for how many tokens to mint. Even if you only minted 10 tokens, you could give out fractions of tokens to contributors.
Beyond technicalities, you may want to consider psychological effects. You may want to avoid giving out fractions of tokens or make sure the numbers are easily divisible (like working with a base 10 number). Another psychological consideration is the size of the numbers you’re working with. It could be more motivating to contributors if you distribute larger numbers of tokens. For example, it could be preferable to give out 1,000 tokens to a contributor from a pool of 1 million tokens (0.1%), rather than to give out 1 token from a pool of 1,000 tokens (still 0.1%, but with a different psychological effect).
Similarly, you may want to think about the psychology of prices. If you issue a very high number of tokens, you may have a very low token price on exchanges, and vice-versa if you issue very few tokens. So, you may want to think about a high enough number to be psychologically motivating and a low enough number to not be stuck with a very low price per token or need to mint more tokens (see next section for more on minting additional tokens).
10 million tokens is a common starting point, which is used for shares in the traditional startup world. But remember that every project is different. For example, Uniswap has a total supply of 1 billion tokens, ENS has a total supply of 100 million, and Friends with Benefits has a total supply of 10 million.