Okay, first thing - if you're launching a Solana token, hit that revoke mint authority button the second your token's live. Why? It stops anyone (even you, if your wallet gets hacked) from printing more tokens out of thin air. I usually do this before even tweeting about the launch. Pretty much turns your token into a fixed supply thing, and holders love that trust signal. Sound familiar from all those rug pulls you've seen?
In my experience, skipping this is how 90% of sketchy projects get flagged. Tools like SolTokenLaunch or Pump.fun make it one click. Fees? Like 0.01 SOL tops. Boom. Secure from day one.
Look, your wallet's the front door to everything. Compromised? Kiss your tokens goodbye. Start with a hardware wallet. Ledger or Trezor. Private keys stay offline, no malware crap can touch 'em.
Now, seed phrase. Write it on paper. Or better, metal plate - fireproof, waterproof. Never digital. No phone pics, no cloud, nada. Store copies in two spots: safe at home, safety deposit box. I got metal ones from Amazon for like $20. Never share it. Legit sites don't ask.
Strong password everywhere. Mix caps, numbers, symbols. Unique per site. Enable 2FA with Google Authenticator, not SMS - hackers SIM swap that junk. In Solflare, turn on biometrics and auto lock. Set it to 1 minute idle. You'll thank me when you leave your phone at a cafe.
Oh, and burner wallets. Main one for holdings, hardware protected. Burner for testing dApps, airdrops, mints. Keep 0.1 SOL in it max. If it gets phished? No biggie.
Tokens got three big authorities: mint, freeze, update. Mint lets you create more tokens. Freeze locks accounts. Update tweaks metadata. Dangerous if hacked.
Revoke 'em all post launch. Here's the steps:
Why bother? Builds mad trust. Holders check this stuff. I launched a memecoin last year - revoked day one, market cap 5x'd faster. The thing is, revocable means rug risk. Locked? You're committed.
LP's where rugs happen. Creator drains pool, tokens tank to zero. Lock it. Use Pump.fun or Team Finance. Lock for 6-12 months minimum.
| Lock Duration | Trust Level | Fee |
|---|---|---|
| 3 months | Low | 0.5% |
| 6 months | Medium | 0.3% |
| 12+ months | High | 0.2% |
See? Longer lock, better vibes, cheaper fee. I usually go 12 months. Prevents you pulling the rug, even if tempted. Holders scan for this on Dexscreener.
Pro tip: Burn LP tokens too. Send 'em to a dead address. Irreversible commitment.
Every tx on Solana's fast, but speed kills if you're sloppy. Always preview in your wallet. Solflare shows exact amount, address, permissions.
Phishing? Fake sites clone Raydium or Jupiter. Bookmark official URLs. Never click Telegram links. Hover over 'em first. Wrong domain? Nope.
Last week, a buddy clicked a fake airdrop. Lost 2 SOL. I told him: verify first. Now he does.
And monitoring. Set alerts for big txs. Tools like SolanaFM or Helius dashboard. Spot weird activity? Freeze everything, check wallet.
Not just holding? Creating custom programs? Watch for vulnerabilities. Missing signer checks - hackers fake authority. Add if !ctx.accounts.admin.is_signer { return Err(Unauthorized); } in your Rust code.
Audits mandatory. Firms like Sec3 or OtterSec. Costs 5-20k USD, but saves millions. Use battle tested templates from SolTokenLaunch. No exploits there.
Test on devnet first. Spam it with edge cases. Gas? Solana's cheap, ~0.000005 SOL per tx. Iterate fast.
Rug pulls. Easy fix: revoke + lock.
Malware. Antivirus + no seed on PC. Update everything weekly.
Double spends? Solana's PoH prevents it natively.
Phishing links in DMs. Mute unknowns. Verify teams on official Discords.
Public WiFi? Never. VPN if desperate, but burner wallet only.
What's next for holdings? Stake your SOL for security rewards. Delegate to top validators via Phantom. Earn 6-8% APY, helps network too. But don't stake tokens directly unless audited.
Run three:
Transfer via trusted DEX. Fees negligible.
Want to mint? Here's my flow.
Issues? Tx fails? Check balance, network congestion. Retry or use priority fees (0.001 SOL extra).
Reg stuff? US? Watch securities laws. Utility tokens safer. KYC if needed.
Honestly, security's 80% habits. Hardware, revoke, lock, verify. Do that, you're golden. I've held Solana tokens since '21, zero losses. You can too.
One more: Review connected dApps monthly. Revoke old ones in Solflare settings. Permissions linger, hackers exploit.
No shared PCs. Ever.
Update wallet apps day one.
Low profile: split big txs across wallets.
Privacy? Multiple addresses, no patterns.
And questions pop up? "Can I revoke after LP?" Yup, order doesn't matter much. "Hardware for launch?" 100% yes for anything over 5 SOL.
That's the playbook. Follow it, sleep easy. Your tokens, your rules - keep 'em safe.