Timeline for Does one have to generate a special token address for USDT, USDC... when one generates a new address?
Current License: CC BY-SA 4.0
10 events
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| Sep 10, 2023 at 14:37 | vote | accept | Camila326 | ||
| Jan 12, 2023 at 13:11 | comment | added | john | Check out the metaplex docs which have great explanations/diagrams for understanding the token accounts: docs.metaplex.com/programs/token-metadata/overview Every token account requires SOL for rent, so you only want to create token accounts for tokens a wallet is going to hold. If you send tokens to another wallet that doesn't hold the token, you would pay the rent to create their token account. Token accounts can be closed to retrieve the rent that was used to create the token account. This can be useful if you have token accounts with a 0 balance. | |
| Jan 8, 2023 at 15:14 | comment | added | Camila326 |
But you don't NEED to create it for every new sol address in advance. -> you're confusing the words "need to" with "have to". I do need it, hence my question
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| Jan 8, 2023 at 15:13 | comment | added | Camila326 | You haven't answered my initial question | |
| Jan 8, 2023 at 9:45 | history | edited | Jonas H. | CC BY-SA 4.0 |
added 48 characters in body
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| Jan 8, 2023 at 9:42 | comment | added | Jonas H. | A token account only exists when its initialized so it needs to have some sol in it to be rent exempt before you can send a spl token to it. On the other one I didnt really contradict my self :D I said you need it when you want to SEND something, but you dont need to create it just for it to be there for every new address. Sorry for not being clear on that. | |
| Jan 7, 2023 at 21:31 | comment | added | Camila326 |
Most wallets for example do it for you when you send --> so what? I'm not using a wallet, nor can be certain that each of my users will
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| Jan 7, 2023 at 21:30 | comment | added | Camila326 |
You've contradicted yourself --> yes for every token except native sol that you want to send you NEED to create a token account. Then But you don't NEED to create this.
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| Jan 7, 2023 at 21:27 | comment | added | Camila326 |
if it does not yet exists. --> how may it not exist already? Every possible account on most of the blockchains exists already, whether it's already been generated or not yet. If it hasn't been generated by someone, it stil exists, but implicitly. Why generate it?
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| Jan 7, 2023 at 17:38 | history | answered | Jonas H. | CC BY-SA 4.0 |