Posts

Showing posts from December, 2022

Why Create Your Token On BEP20 Token Standard?

Image
Create Your Own BEP20 Token BEP20 token is a separate token standard which has been made to categorize and characterize tokens on Binance Smart Chain with certain inbuilt token protocols. BEP-20 tokens are creating a wide momentum in the blockchain space, especially in DeFi Market. Budding entrepreneurs in huge numbers are using this positive momentum created by BEP20 token generation. These tokens are majorly used in decentralized sites and in swapping websites like uniswap, sushi swap, Pancakeswap etc. Moreover, BEP20 tokens can also be converted into Non-Fungible token in Binance blockchain. Binance coin BNB will be charged for token transfer as well as fee for their trading.   Why It Is Worthy To Create BEP20 Token?   Here we have listed some reasons that makes it beneficial to create a BEP20 token of your own. 1) As BEP20 requires a minimum of gas, so that you can create a token at a low cost. 2) Transaction with these tokens will be quicker and also the trading will be t...

Why Create Your Crypto Token On ERC20 Token Standard?

Image
ERC20 Token Development ERC20 is an official protocol for proposing improvements to the Ethereum (ETH) network. ERC stands for Ethereum Request for Comment and 20 is the proposal identifier or a unique ID number to distinguish this standard from others. This is a common standard for creating tokens on the Ethereum blockchain, this token standard defines a set of rules that apply to all ERC20 tokens that allow them to interact with one another.   Benefits Of ERC20 Token Development:-   The list of major benefits of ERC20 token development is as follows. 1) Unalterable and fast transaction 2) Confirms the transaction more effectively 3) Reduce the risk of contract interruption 4) Token implementation and execution become easy for developers. 5) There is a standard protocol to maintain and follow. 6) ERC20 tokens offer high liquidity. 7) Smart contracts ensure that transactions are risk-free.   How much does it cost to create ERC20 Token?   The cost of creating an ERC20...