> ## Documentation Index
> Fetch the complete documentation index at: https://docs.therootnetwork.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Create a Fungible Asset

Fungible asset is an essential component of any blockchain. The Root Network comes with pre-built pallets `asset` and `assetsExt` that make fungible asset management easy and intuitive, highly optimized for efficiency and stable transaction fees. Additionally, fungible assets on The Root Network are ERC-20 compatible, once created they are tradable on both native and EVM layers.

The following guide will walk you through how to create, mint, and manage a fungible asset using The Root Network Portal.

## Requirements

* An account with `100 ROOT` to reserve the asset in the chain storage and at least `0.1 XRP` for initial asset creation.

## Instructions

### Step 1: Connect an account with the Portal

1. Go to the [Portal Account page](https://portal.rootnet.live/#/accounts) and select **From Ethereum Wallet**.

<img src="https://mintlify.s3.us-west-1.amazonaws.com/therootnetwork/images/portal-eth-wallet.png" />

2. Select an account you wish to be the asset owner, when the "Connect with MetaMask" dialog opens up, click **Next**.
3. Confirm your account appears on the Account page under the *Extensions* section.

### Step 2: Create an asset

1. Go to the [Portal Extrinsics page](https://portal.rootnet.live/#/extrinsics) and input the values as per the screenshot below:

<img src="https://mintlify.s3.us-west-1.amazonaws.com/therootnetwork/images/assets-create.png" />

* Extrinsic: `assetsExt.createAsset()`
* Parameters:
  * `name`: The name of the asset.
  * `symbol`: The symbol of the asset.
  * `decimals`: The number of decimals in the asset, max is 18 decimals.
  * `minBalance` (optional): The minimum balance of this new asset that any single account must have. If an account’s balance is reduced below this, then it collapses to zero.
  * `owner` (optional): The owner of the asset, defaults to the caller.

2. Click **Submit Transaction** when done and select **Sign** when prompted by MetaMask.
3. The transaction is confirmed when a green tick appears on the top right corner.

### Step 3: Confirm asset creation

* Go to [the Portal Assets page](https://portal.rootnet.live/#/assets) and confirm your asset has been created.

<img src="https://mintlify.s3.us-west-1.amazonaws.com/therootnetwork/images/assets-created.png" />

### Step 4: Mint asset to account

1. Go to the [Portal Extrinsics page](https://portal.rootnet.live/#/extrinsics) and input the values as per the screenshot below:

<img src="https://mintlify.s3.us-west-1.amazonaws.com/therootnetwork/images/assets-mint.png" />

* Extrinsic: `assetsExt.mint()`
* Parameters:
  * `assetId`: The asset ID to mint. The caller must be the owner of the asset.
  * `beneficiary`: The account to receive the minted tokens.
  * `amount`: The amount to mint in the smallest unit. If your asset has `6` decimals, to mint 1 million tokens, it will be `1000000000000` (with 12 zeros).

2. Click **Submit Transaction** when done and select **Sign** when prompted by MetaMask.
3. The transaction is confirmed when a green tick appears on the top right corner.

### Step 5: Transfer asset to account

1. Go to the [Portal Extrinsics page](https://portal.rootnet.live/#/extrinsics) and input the values as per the screenshot below:

<img src="https://mintlify.s3.us-west-1.amazonaws.com/therootnetwork/images/assets-transfer.png" />

* Extrinsic: `assetsExt.transfer()`
* Parameters:
  * `assetId`: The asset ID to mint. The caller must be the owner of the asset.
  * `destination`: The account to be transferred to.
  * `amount`: The amount to transfer in the smallest unit. If your asset has `6` decimals, to mint 1 million tokens, it will be `1000000000000` (with 12 zeros).
  * `keepAlive`: The flag to ensure caller still have enough existence balance.

2. Click **Submit Transaction** when done and select **Sign** when prompted by MetaMask.
3. The transaction is confirmed when a green tick appears on the top right corner.

## Use FuturePass

It's possible to have your FuturePass account own an asset instead of a standard account. Follow the above steps but wrap all of the extrinsics in the `futurepass.proxyExtrinsic`, as per the screenshot:

<img src="https://mintlify.s3.us-west-1.amazonaws.com/therootnetwork/images/wrap-extrinsic.png" />

## Use Asset on EVM

Once the asset is created in Step 2, you can convert your asset ID to an ERC-20 compatible format to use it on the EVM layer.

The native asset has the following ERC-20 address convention:

```
0xCCCCCCCC[asset-id in hex padded 0 up to 8 chars]000000000000000000000000
```

For example, if your asset id is `69372`, which is `11064` in hex or `00011064` with padded `"0"` up to 8 characters, your asset ERC-20 address will be:

```
0xCCCCCCCC00011064000000000000000000000000
```

You can verify this by importing the above address to MetaMask, make sure you add The Root Network to MetaMask using the details [here](/build/connecting-to-the-root-network).