> ## Documentation Index
> Fetch the complete documentation index at: https://injectivelabs-docs-ai-sdk.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Concepts

# Concepts

The `tokenfactory` module allows any account to create a new token with
the name `factory/{creator address}/{subdenom}`. Because tokens are
namespaced by creator address, this allows token minting to be
permissionless, due to not needing to resolve name collisions. A single
account can create multiple denoms, by providing a unique subdenom for each
created denom. Once a denom is created, the original creator is given
"admin" privileges over the asset. This allows them to:

* Mint their denom to any account
* Burn their denom from any account (if enabled)
* Create a transfer of their denom between any two accounts
* Change the admin. In the future, more admin capabilities may be added. Admins
  can choose to share admin privileges with other accounts using the authz
  module. The `ChangeAdmin` functionality, allows changing the master admin
  account, or even setting it to `""`, meaning no account has admin privileges
  of the asset.