In recent times, the crypto platform remains to be a perfect hub for revenue generation. The crypto ecosystem supports multiple options for money-making. Crypto token creation is one of the beneficial business activity. You can create a crypto token and reap profits effectively.
We are all aware of the fact that crypto tokens are generated on the existing blockchain. The crypto space is bundled with efficient blockchains such as Ethereum, Tron, Binance smart chain, Solana, waves, and more.
Binance smart chain (BSC) is the emerging blockchain in the crypto zone comprising sturdy technical functionalities that supports 2000 transactions per second. BSC supports a BEP20 token standard which is actually a fungible token standard and it is mutable in nature. So, it can be traded effectively in the crypto network.
The BEP20 standard has multiple advantages including easy token creation, cross-platform compatibility, affordable gas fee, and more.
The Binance smart chain facilitates the functionalities of token creation which is similar to other blockchains. Whereas the Binance smart chain supports a BEP20 Token standard comprising high technical specifications which is essential to handle the crypto business process.
Beneficial traits of BEP20 Token standard
- Burnable
- Mintable
- Cross-matching with BEP2
- Customizable decimals and more.
How to create a BEP20 Token?
- Create a token by denoting the token name, symbol, decimal, and supply.
- Start to develop the code (or else you can use the source code available on a particular site)
- Test the code and generate the smart contract
- Customize the code if required
- Verify the code
- Deploy the token
By making a note on the technical phase, you can create and deploy a BEP20 token on Binance smart chain using solidity. However, it is quite a complicated process to develop a token on blockchain as you can face technical issues and its consumes a lot of effort and time. If you feel it is a tedious process to create a token on your own on blockchain and looking for a compatible option to
create a BEP20 Token without solidity coding it is better to approach a good service provider to acquire service.
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