Why choose the BEP20 token standard for crypto token development?

[Simone Liaa]

Recently, crypto token creation has been considered by many startups for generating high revenue. Crypto tokens can be created in popular blockchains like Ethereum, Tron, BNB chain, etc. Among these blockchains, budding startups widely prefer the BNB chain for their fundraising process.

In this article, we shall discuss the BNB chain, how to create BEP20 tokens, their benefits, etc. Let us start this blog with…

What is meant by BEP20 tokens?

BNB chain is one of the most popular blockchains in the crypto ecosystem. It has many token standards for crypto token creation like BEP20, BEP721, etc. Among those token standards, BEP20 is well-known among startups. BEP20 is a fungible token standard of the BNB chain.

You can easily create and trade a new fungible token using a BEP20 token standard. Here, BEP20 tokens are mainly created on the top of the BNB chain. BEP20 token development offers numerous advantages for the token creators as well as users. Now, you might be interested to know the BEP20 token development steps. Those are as follows,

How to create BEP20 tokens?

Creating BEP20 tokens is not as hard as you think. It can be executed in two ways viz. Development on your own or with the help of a reputed service provider. The steps for developing BEP20 tokens on your own include the following steps.

1. Define the purpose of your BEP20 token
2. Develop a smart contract and include its functions. Those mandatory functions of the BEP20 smart contract include,

• Contract owner
• Total supply
• Approve
• Allowance
• Transfer
• Add holder
• Remove holder
• Remove appointee

1. Run the code for fixing the bugs. Once completed, you can compile the code for checking all the functionalities of the token.
2. Validate the newly created BEP20 tokens for eliminating any errors, issues, bugs, etc.
3. The final step is deploying the BEP20 smart contract code. After that, ERC20 tokens will be ready for use.

By following these steps, you can Create BEP20 Tokens easily. But, some errors might happen if any technical mistakes happen in between. To avoid those circumstances, you can approach a renowned BEP20 token development service provider in the crypto ecosystem for hassle-free token development.

Admiring features of BEP20 token development

There are various salient features that BEP20 token development offers.

• Interoperable with other frameworks
• Completely Decentralized
• Smart Contracts Implementation
• BEP20 Compliant
• Customizable decimals
• Verified Source Code
• Details of the token
• Supply Type
• Access Type
• Burnable
• Cross-matching with BEP2

Benefits of creating BEP20 tokens

The crucial benefits of BEP20 token development involve.

• BEP20 tokens are compatible with both the BNB chain and the Ethereum platform.
• Cost-effective
• Highly volatile
• Supports all crypto wallets
• Great transparency
• Can be used for crypto crowdfunding, trading, staking, etc.

With this, you might have got an idea about BEP20 tokens and their creation. For effective BEP20 token development, you can approach or seek guidance from an experienced BEP20 token development company in the crypto space. They’ll guide you with everything from token development to deployment. So, create BEP20 tokens and earn high profits immediately.