Jacob_Black

Crypto token creation can be stated as a profitable business activity carried out in the crypto space. The startups and entrepreneurs can create a crypto token and raise funds effectively in a crypto business network to yield profit. In fact, the crypto tokens are generated on the existing blockchain which is quite easier to create when compared to the coin.

Crypto tokens can be created on the blockchain such as ethereum, Tron, and BSc. Each blockchain supports fungible and nonfungible token standards that can be used as per the business needs. The fungible token standards included TRC20, BEP20, and ERC20...

The fungible tokens have been preferred by the startups for effectual trading as well as supported in the crypto crowdfunding platform such as ICO. However, the non-fungible tokens are created for nft-based business activities. The startups and entrepreneurs create NFT in a form of crypto art, game, memes, etc… in particular, the fungible and non-fungible tokens comprise a beneficial value depending upon the business.

Use cases of crypto tokens

1. Raise capital - crypto tokens can be used in fundraising platforms like ICO to raise capital for business purposes
2. supports payment - just like cryptocurrencies, crypto tokens can be used for payment
3. Drive adoption dapps- crypto tokens created for the dapp can be beneficial to engage more startups

Benefits of creating a crypto token

1. Easy to create and deploy
2. Frictionless transactions
3. Beneficial for crypto crowdfunding (ICO, STO, etc)
4. Liquidity and more

You can create and deploy your own crypto token using solidity in the blockchain. The crypto-token creation process seems to be simple but it consumes a lot of effort and time to develop a token. Moreover, you might get confused with the technical portion while developing a crypto token. So, it is suggested to approach skilled professionals who can assist you in creating a crypto token by providing the best token development services.