How to create a native token on Cardano?

To create a native token on Cardano:

1. Set up a Cardano node or use a service that offers token creation.
2. Prepare the metadata for your token, including name, ticker, description, and quantity.
3. Create a monetary policy script that defines the rules for minting and burning your token.
4. Use the Cardano CLI or a GUI tool to submit a transaction that mints your token. This transaction will include the monetary policy script and metadata.
5. Pay the required fees in ADA for the transaction. Once confirmed, your native tokens will be created and can be transferred like ADA.