Openbook

Market ID Creation for V4 Raydium sales via Openbook

To list your token, you need to create something called a "market ID" - think of it like registering your token for trading. You'll need at least 3 SOL in your wallet to do this, because if your SOL balance is inefficient your transaction may fail and you may only be charged a fee

Below you'll find a video tutorial and a text tutorial

If your token has 6 decimals, then max setting for min order size and price tick is 3/2

If your token has 9 decimals or more, then we recommend min order size and price tick to be set to 4/4

Step-by-Step Video Guide: Creating an OpenBook Market ID

Step-by-Step Text Guide: Creating an OpenBook Market ID

Before You Start

• Make sure you have at least 3 SOL in your wallet

• Have your token's address ready which can be found on your sales page here

Steps to Create Market ID

Step 1: Access Dexlab's Service

• Go to Dexlab's market ID creation site here
• Stay on the 'Create Market ID' tab (don't switch to 'New Token')

Step 2: Enter Token Information

1. Enter your token's mint address in "Base Mint"

2. For "Quote Mint", choose one of these addresses:

   • For USDC: EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v

   • For USDT: Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB

   • For Wrapped SOL: So11111111111111111111111111111111111111112

Step 3: Set Trading Parameters

1. Set Minimum Order Size:

   • For orders down to 0.0001 units → set to 4

   • For whole unit (1) orders only → set to 0

   • For orders down to 0.1 units → set to 1

2. Set Price Tick (decimal places for price):

   • For prices like 1.12345 → set to 5

   • For prices like 1.1234 → set to 4

Step 4: Double Check Requirements

Make sure:

• Minimum order size is not larger than your token's decimals

• Price tick is not larger than the paired token's decimals

• Minimum order size + Price tick combined is not larger than the paired token's decimals Example: If pairing with USDC (6 decimals):

  • Good: 3 (min order) + 2 (price tick) = 5 ✓

  • Bad: 4 (min order) + 4 (price tick) = 8 ✗

Step 5: Create Market ID

• Confirm you have at least 3 SOL

• Execute the transaction

• Save your market ID information

• Copy the market address provided after creation

If your SOL balance is inefficient your transaction may fail and you may only be charged a fee

Step 6: Finalize Your Sale

1. Return to your sales page

2. Click the "Finalize Sale" button

3. A box will appear asking for the Market ID

4. Paste the market address you copied into this box

5. Click finalize

6. Confirm the transaction in your wallet

Save all important information and transaction details for future reference.

You can also check the full tutorial directly via Openbook: https://docs.dexlab.space/products/minting-lab/create-openbook-market-id