Create OpenBook Market ID
Easily create an OpenBook market market ID
How to Use OpenBook Market ID Creator
Connect your Solana wallet
Select Base Token
Select Quote Token
Set Minimum Order Size
Set Price Tick Size
Adjust Length in Advanced Options
* (Optional) If you have advanced knowledge of market configurations, modify the Length value. Otherwise, it is recommended to leave this setting unchanged.Select a standard OpenBook Market(Only Raydium or (OpenBook+Raydium))
Click on Create Market and Accept the Transaction.
For detailed instructions, check out the create openbook market id documentation
Recommendation of Min order Size and Tick Size
The minimum order and tick sizes mentioned below are general market creation recommendations. However, you should adjust these settings to fit your token’s total supply, the liquidity in the pool, and your desired price.
| Token Supply | Min Order Size | Tick Size |
|---|---|---|
| 100k | 0.01 | 0.0001 |
| 1M | 0.1 | 0.00001 |
| 10M | 1 | 0.000001 |
| 100M | 10 | 0.0000001 |
| 1B | 100 | 0.00000001 |
| 10B | 1,000 | 0.000000001 |
| 100B | 10,000 | 0.0000000001 |
Frequently Asked Questions
Create OpenBook Market ID
Creating an OpenBook Market ID is crucial in setting up a decentralized exchange (DEX) market on the Solana blockchain. The OpenBook Market ID is a unique identifier for a specific trading pair, allowing users to buy and sell tokens seamlessly. The process involves configuring various parameters, such as the base and quote tokens, minimum order size, and price tick size, to ensure trading accuracy and consistency. Additionally, there are options for further customization, including adjusting the lengths of the event queue, request queue, and order book, which can optimize performance and manage costs effectively. Once the Market ID is created, it facilitates the listing of token pairs on the OpenBook DEX, providing users with a robust and efficient trading environment.