# Define your token

Defining your token is a crucial step in tokenizing a real-world asset. This process involves setting specific attributes that will determine how your token functions and is traded. Follow this guide to properly define your token:

#### 1. Essential Token Attributes

* **Token Name:** Choose a unique and descriptive name for your token. This name should be easily recognizable and related to your asset.
* **Token Symbol:** Create a short, memorable symbol (usually 3-5 letters) for your token. This will be used for quick reference in trading.
* **Token Icon (optional):** Upload a distinctive icon that visually represents your token. This helps in brand recognition.
* **Token Price:** Set the initial price for your token. This should reflect the value of the fractional asset it represents.
* **Maximum Token Supply:** Determine the total number of tokens that will be created. This is often based on the total value of the asset divided by the price per token.