BEP20 Token Development Company
BEP20 token development ideology has been hot talk in the crypto industry since its arrival. BEP20 token development is nothing but a process of developing cryptocurrency token using the BEP20 token standard on the Binance smart chain. Over the past few years, Blockchain technology is coming up with several innovative and modern development concepts regularly that brings up commendable advancement across every industry. Well we can add binance smart chain and BEP20 token development perception in the list.
Features of our BEP20 Token Development
Supports POS and DPOS
Quick in Transactions
Benefits of our BEP20 Token Development
Transaction process done in Bianance smart chain is much faster while compared to other blockchain networks.
It is highly scalable and independent which means even if Binance Chain stops operating, BSC will continue to function.
Anyone can easily build, deploy smart contracts & tokens without difficulties in BSC.
Our BEP20 Token Development Services
BEP20 Token Development
BEP20 Token Listing
BEP20 Token Wallet Development
White Paper Creation
BEP721, BEP1155 Token Development
What is Binance Smart Chain?
Binance smart chain(BSC) is a latest blockchain network of Binance that enables the execution of smart contract based applications. BSC runs in parallel with its associate Bianance chain(BC), former blockchain network of Bianance. With working together, BSC and BC allows its users to obtain the best of both, high transaction capability of Binance Chain as well as BSC’s smart contract functionalities. With utilizing BSC, anyone can develop and launch their crypto tokens in ease.
What is BEP20 Token?
BEP20 token is a cryptocurrency token built using the BEP20 token standard which comes under BSC. BEP20 standard is one of the fastest and most powerful token standards that exist in the cryptocurrency industry. By using token standard one can create a token as well as Dapps and smart contracts. We can say BEP20 is an update BEP2, token under Binance Chain.
These tokens are majorly used in decentralized sites and in swap websites like uniswap, sushi swap, Pancakeswap etc.. Moreover, BEP20 tokens can also be converted in Non-Fungible token in Binance blockchain. Binance coin BNB will be charged for token transfer as well as fee for their trading. The ultimate aim of this token is to provide flexible opportunities for token developers to create and launch BEP20 tokens in the Binance Smart Chain.
Notable Benefits in BEP20 Token
- Comparatively very low gas fees for transactions.
- It is possible to integrate BEP20 token into DeFi or Decentralized Finance project and also can list them in popular Decentralized Exchanges like PancakeSwap for free.
Different Types of BEP20 Token Development
Using BEP20 token standard, it is possible to create utility token that functions with your platform(eg: internal payments).
Governance tokens can be built using this BEP20 token standard. Governance tokens enable the token holders to vote for the changes in your platform.
With BEP20, you can create a cryptocurrency where traders can sell and buy your coins.
Using the BEP20 standard, asset pegged crypto token can also be built. These asset pegged tokens will be connected with real world assets like Stocks, dollars, etc..
What is the Difference Between BEP20 and ERC20?
BEP20 is a token standard of Binance Smart chain and on other hand ERC20 is the token standard of Ethereum blockchain. The major difference between ERC20 and BEP20 is, ERC20 standard can be utilized as a blueprint for creating any token on Ethereum blockchain whereas BEP20 can be utilized to generate only similar tokens like BEP20.
Noteworthy Reasons to Create a BEP20 Token
It is a known fact that BEP20 tokens are gaining a greater impression from all parts of the globe. This is one of the major reasons for the businesses and entrepreneurs to march towards BEP20 token development. But the fact is, along with this, the BEP20 token upholds myriads of benefits with it.
Here we have listed some substantial reasons that you should know before going with BEP20 token development.
- As BEP20 requires a minimum of gas, you can create a token using BEP20 at a low cost.
- BEP20 token transactions will be quicker and also the trading will be trustworthy with high transparency.
- BEP20 standard token is supported by the trust wallet app. So the users can easily receive, store and transfer BEP20 tokens globally with ease.
- With the BEP20 standard token, it is possible to create a huge amount of tokens in a short period.
- As binance smart chain and BEP20 tokes is the most trending concept, by developing BEP20, you can enter into the blockchain ecosystem and raise funds easily and quickly.
- BEP20 token standard is more similar to ERC20 token standard and so creating your own BEP20 token will be compatible with both binance chain and Ethereum platforms.
- BEP2 and BEP20 tokens can be easily swapped as both of them are generated by binance blockchain.
- It is interchangeable with both Ethereum ERC20 token and Binance Chains BEP-2 as mentioned above and also can be used on both platforms.
How to Create a BEP20 Token on Binance Smart Chain?
In order to launch your own BEP20 token in the binance smart chain, you just need to stick with a reputed token development company . This is because, before getting into the development process, there is a lot to sort out and conclude several factors like languages, platform, type of token, symbol, supply etc. With the help of a leading token developer like Security tokenizer, you can fix all your needs and futurize what your token needs to be.
Every token will have an owner. The owner will have the power to mint new tokens and also will have the authority to stop minting the tokens.
Initially the number of tokens should be specified i.e limit to create tokens. Once that number is reached, the minting process will not be placed.
Mintable is nothing but minting the tokens which you require to generate. Until the capped number, you can mint the tokens.
This is the process of destroying the tokens. These types of tokens can be burnt if you require to minimize the count of your token in the market.
Trending BEP20 Tokens List
How Much Does it Cost To Create a BEP20 Token?
Approximately the cost to create & develop BEP20 tokens under the Binance Smart Chain(BSC) blockchain will range from $4K to $20K along with enabled SmartContract & stunning BEP20 token wallet mobile app for both Android and IOS. But the above Cost may be increased or decreased based on your Token requirements.
Why Choose Security Tokenizer for BEP20 Token Development?
Binance smart chain is performing effectively and filling up the space between other blockchains. Also BEP20 standard token is dynamic with a set of additional features and shines compatible for several tokens in the digital marketplace and sets up a perfect ground for creating new tokens. For sure, BEP20 tokens will circulate in the blockchain industry in huge numbers and investing in it will never take you down. As a Leading Token Development Company, Security Tokenizer provides tokens on various Blockchain Platforms like Ethereum, Tron, EOS, Binance, Metaverse,Solana,Avalanche,Polygon etc., with SmartContract and more features. We also create tokens in shot duration at an affordable cost.