OKX Wallet cannot directly create or deploy an ERC-20 token. It does not have a "one-click token issuance" feature. You need to treat OKX Wallet as a signing and payment tool. The actual deployment work is done in a development environment like Remix. The role of OKX Wallet in the deployment process is to connect to Remix and pop up the transaction confirmation.
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Deployment Path: Remix + OKX Wallet
The whole process has three steps: prepare the contract code in Remix, connect OKX Wallet, and confirm the deployment transaction.
Prepare the contract code. Open Remix IDE (remix.ethereum.org) and create a new .sol file under the contracts folder. The easiest way is to use the OpenZeppelin Contracts Wizard to generate a standard ERC-20 code and paste it in. In the Wizard, you can configure the token name, symbol, initial supply, and whether to enable extensions like Mintable, Burnable, and Pausable. After configuration, copy the generated Solidity code.
Compile. In Remix, select the Solidity Compiler plugin on the left and click Compile. After a successful compilation, the compiler icon will show a green check mark. If there is an error, check whether the pragma version and import paths are correct.
Connect OKX Wallet and deploy. Switch to the Deploy & Run Transactions plugin. In the Environment dropdown, select Injected Provider, then click Connect. OKX Wallet will pop up a connection request. After confirming, return to Remix and select the contract you want to deploy (make sure not to select an interface or abstract contract, otherwise it will report "This contract may be abstract"). If the contract constructor requires parameters (such as the initialOwner address), fill them in the input box next to the Deploy button. Click Deploy, and OKX Wallet will pop up a transaction confirmation. Check the network and gas fee, then sign.
After successful deployment, the Remix terminal will show the transaction hash and contract address. This contract address is the only basis for you to verify permissions on Etherscan, add the token in your wallet, and create a liquidity pool on a DEX later. Write it down.
Permission Verification: What You Must Check After Deployment
Deploying the contract is only the beginning. If you plan to make this token public, verify the permission settings yourself before anyone buys it. The most common risk signals in on-chain analysis almost all come from permission backdoors left during deployment.
Who is the Owner. On Etherscan's Read Contract page, find the owner function and check the current owner address. If this address is your own wallet, you can control it. If it points to a contract or external account you cannot access, you have lost control of the token. A safer approach is to set the owner to a multi-signature wallet instead of a single hot wallet.
Mint permission. In Write Contract, find the mint function and see whether it is modified by onlyOwner. If it exists and the owner is controllable, the token supply is not fixed — the owner can mint more at any time and dilute holders. If you do not plan to mint more, do not enable the Mintable extension during deployment, or renounce owner permission after deployment.
Pause / Blacklist permission. Check functions like pause, blacklist, and setMaxTxAmount. They are not necessarily malicious by themselves, but if they are controlled by a single owner without transparent governance, holders face the risk that "my tokens may be frozen at any time or trading may be restricted."
Approval-related functions. These are part of the ERC-20 standard, not a backdoor, but you need to correctly implement approve, allowance, and transferFrom in the contract. Otherwise, the token cannot be traded normally on a DEX. OpenZeppelin templates already include these, so just use the standard implementation directly.
Which Network to Deploy On
If you are just testing, use the Sepolia testnet and get some test ETH from a faucet for gas. If you want to deploy on OKX's own X Layer, note that its gas token is OKB, not ETH. OKX Wallet natively supports X Layer, so you do not need to configure the network manually. The advantage of deploying on X Layer is extremely low gas fees, but the liquidity ecosystem is different from the Ethereum mainnet. It depends on where you intend your token to be traded.
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References
- Remix IDE · Remix Official Website, no update date indicated; checked on: 2026-10-12.
- Polkadot Developer Docs · Deploy an ERC-20 Using Remix IDE, page published or updated on: 2026-06-28; checked on: 2026-10-12.
- X Layer Documentation · What are ERC-20 tokens?, no update date indicated; checked on: 2026-10-12.
- SlerfTools · X Layer Network Guide, no update date indicated; checked on: 2026-10-12.
- Investimenti Magazine · Analisi tecnica di un token su Etherscan: checklist essenziale, page published or updated on: 2026-09-07; checked on: 2026-10-12.
- OKX · What is ERC-20? A comprehensive guide, page published or updated on: 2023-06-26; checked on: 2026-10-12.
