🆔Create OpenBook Market ID

Tutorials to create OpenBook Market ID instantly

What is OpenBook Market ID? OpenBook Market IDs are unique identifiers that enable users to create markets for trading various tokens on the Solana Network. These IDs play a crucial role in facilitating liquidity and enabling seamless transactions within the OpenBook ecosystem. How much does it cost to create an OpenBook Market Solana The cost of creating an OpenBook Market in Solana depends on the size of the market. This size affects the amount of transactions that the marketplace can process. 3 versions of the market ID: 0.4 SOL, 1.5 SOL, 2.8 SOL Disadvantages of the cheap openbook market Its cost efficient to opt for the lowest possible cost of the openbook market id. However, we must not oversee the problems it brings. The lower the cost of the openbook market id, the higher the chance of the transactions will not be processed. How to use Create OpenBook Market 01. Connect your wallet 02. Select the Base Token 03. Select the quote Token 04. Set the Minimum Buy (Minimum Order Size) 05. Set the Minimum Price Change (Price Tick) 06. Set the length in advanced options (not recommended if you don't have deep understanding of the mechanism) 07. Click on create market 08. Accept the transaction and wait until your Market is ready.