In this digital era, everyone in the crypto space knows that crypto tokens are used widely for financial transactions and trading. Crypto token has a certain value for itself and most essentially the value of the crypto token is not a fixed one. Besides, crypto tokens will vary based on the domain and how it is used in the marketplace. As of now, crypto tokens are generated for various purposes. Like for business, personal, promoting the brand, buying digital kinds of stuff, etc.
Generally, crypto tokens are created by writing and deploying smart contracts in prominent blockchain platforms. Such as Ethereum, Tron, Binance Chain, etc. Among these open-source blockchain networks, the Binance chain is gaining prominence and it is a tending one in the blockchain marketplace. If you are a crypto enthusiast, you might be already aware of the Binance chain and BEP20 token. Binance Chain is an open-source blockchain platform and that was first initiated by the world’s popular exchange Binance in April 2019. This blockchain brings a new business opportunity for startups and entrepreneurs who are looking to raise funds.
Binance Chain offers an instant transaction facility and a one-second block time. So when you Compare the Binance chain with other blockchain platforms, this is the fastest blockchain today. Due to the Smart contract functionality, the Binance chain might be optimized for fast trading. By using this blockchain, one can create their own BEP20 token. Presently, we can see the growing prominence of the Binance smart chain and BEP20 tokens. That’s why there is a huge demand for the best BEP20 token development in the global marketplace.
If you are a startup and willing to create a BEP20 token for your business, then this article would be very helpful to you. In this article, we are going to discuss how to develop a BEP20 token and other exciting factors of BEP20 token development.
Ok, without wasting our time. Let us begin this interesting article with…
Overview of Binance Smart Chain
Binance smart chain runs parallel to the Binance chain and it is recognized as the update of the existing binance chain platform. This blockchain was first introduced by Binance DEX exchange which is the most popular crypto trading platform in the marketplace. This blockchain platform allows you to use the functionality of blockchain most finely. Besides, the binance smart chain also helps you understand the independent working of Ethereum tokens and other crypto tokens.
If you start creating a BEP20 token and transacting on the binance smart chain. Then you can realize that this blockchain platform provides you great efficiency in real-time. The binance smart chain works on the consensus algorithm so it allows the users to verify each transaction. This blockchain platform includes advanced features like metamask and Defi with its own structure. Like ethereum and Tron, here also developers can easily utilize them for creating smart contracts and tokens.
By using the binance smart chain, you can easily get more compatible features. Those salient features can broaden your private network. Binance smart chain introduced a new staking mechanism of BNB so we can expect that it surges the utility to both Binance Chain and BNB. Apart from this, the binance smart chain creates an ecosystem where token holders, developers, and global users get benefits from a rewarding blockchain that can provide better performance.
What is the BEP20 token?
BEP20 is a token standard in a binance smart chain platform. By using this token standard one can create a crypto token which is known as the BEP20 token. For example, ethereum has a popular token standard named ERC20 which is used for crypto token creation, smart contracts, dapps, etc. Likewise, the binance smart chain has a BEP20 token standard for creating a secure crypto token with updated functions and modules.
BEP20 standard tokens have specialized technical features for a Binance smart chain platform. The primary motto of the BEP20 standard token is to provide a flexible format for blockchain developers to create and deploy a vast amount of crypto tokens on the Binance Smart Chain platform. This standard allows any crypto tokens to be used by another application from crypto wallets to the DEX platform in a consistent way.
The main purpose of the BEP20 token standard is to generate a token contract on top of the Binance Smart Chain. At this current time, the Trust wallet supports BEP20 Tokens so it will be easy for users to withdraw. BEP20 token transactions are faster when compared to other standard tokens in the marketplace. So there is hype for this token in the marketplace. By seeing this, many startups and entrepreneurs emerged to develop a BEP20 token on the binance smart chain. So there is a great demand for the BEP20 token development service.
Icoclone offers the top-notch BEP20 token development service for all startups, entrepreneurs, and business class people globally. We will assist you to create a BEP20 token under the binance smart chain as per your business needs.
Our BEP20 Token Development Services
BEP20 token development is becoming a popular development service in the crypto industry and holds the prospect for the future of the blockchain business. BEP20 Token Development is a kind of token development service leading to the creation of a BEP20 token over the Binance Smart Chain. Icoclone offers all essential development services related to the BEP20 token. Here is the list of our ideal BEP20 token development service that we provide to our global clients.
Icoclone – as the name suggests we are masters in offering the ICO development service with updated security modules at an affordable cost. We assist you to develop and launch a flourishing ICO platform to raise funds for your new crypto business by issuing BEP20 tokens. Besides, We also provide a customizable ICO script software that helps you to launch your token crowd sale platform within a few days.
BEP20 Token Creation and Development
Being a top-notch ICO development firm, we offer end-to-end crypto token creation services for all budding startups and speculators. We have a team of experts for developing BEP20 tokens under the powerful binance smart chain.
Mintable BEP20 Token Development
We have skilled developers to create mintable BEP20 tokens with a non-fixed total supply. It allows the proprietor of the token to create more new BEP20 tokens whenever they need them.
BEP20 Token Wallet Mobile App Development
Once you created the BEP20 token, there is a need for a BEP20 token wallet app. This token wallet app allows managing your BEP20 token standard tokens. Besides, it is used to store, receive, and transfer BEP20 tokens in a hassle-free way. Icoclone offers a premium BEP20 token wallet app development service. By using our service, you can launch a feature-rich and robust BEP20 token wallet mobile app, and our app supports all major platforms like Android and IOS.
Now, let us see…
How to Develop a BEP20 Token For your Business?
Developing a BEP20 token is not a tedious task in today’s digital world. There are two possible ways to create your own BEP20 token. Firstly, if you have in-depth knowledge in binance smart chain and solidity programming skills. Then you can create your own BEP20 token on Binance Smart Chain. But you have to have a unique business requirement and you need to determine the purpose of your token. In general, tokens are created in different languages. but among them, Solidity language was mostly used as a programming language when it comes to the BEP20 token development.
While creating a BEP20 token under the binance smart chain, you need to consider some essential factors. Here is the list of important elements that you must take into account when it comes to BEP20 token development.
- Token name
- Token symbol
- Token decimal place
- Token supply
- Token features
Secondly, you can hire a token development team from a professional BEP20 token development company. One such professional company is Icoclone. We will help you to develop a robust BEP20 token with ideal features at an affordable price. Our development team will guide you right from token ideation to deployment in the marketplace. Our BEP20 token development process involves the following steps.
- Research and Discovery
- Testing and Deployment
- Post-Deployment and Maintenance
This is the standard procedure that we follow to develop a flourishing BEP20 token for your business.
Desirable Features of BEP20 Token Development
Features play a major role in launching a feature-rich BEP20 token. Also, it helps you to raise the funds effectively and grab a huge number of crypto users globally. Here is the list of salient features that we enable in our BEP20 token development service.
- Completely Decentralized
- Interoperable with other frameworks
- Smart Contracts Implementation
- BEP20 Compliant
- Verified Source Code
- Details of the token
- Customizable decimals
- Supply Type
- Access Type
- Cross-matching with BEP2
- Dual Chain Architecture and more
You can get all these desirable features in our premier BEP20 token development service.
Benefits of Creating a BEP20 Token
- Presently, Binance smart chain and BEP20 tokens are in the top trend. So by creating a BEP20 standard token, you can enter into the crypto marketplace easily and raise funds in a hassle-free manner.
- The BEP20 token is mostly similar to the Binance Chains BEP2 token and ERC20 token. So developing a BEP20 token will be compatible with both platforms.
- BEP2 tokens can be easily swapped with BEP20 equivalent
- Binance smart chain is a safe blockchain platform and the security standards that you get with this platform are more effective.
- It is a primary factor in every crypto structure and there will be no problem when a user processes the crypto transaction. BEP20 tokens will smoothly take the transaction to the next level and perform perfectly.
- When it comes to developing bulk crypto tokens in a short period, the BEP20 token standard offers you the best business results. By using this standard, you can bring a high level of feasibility.
- Trust wallet supports all the BEP20 standard tokens. so crypto users can easily receive, store, and transfer.
- Trading will be more reliable with greater transparency and the transaction time is less.
- By using your BEP20 token, users can easily use wallet extensions.
- Supports Ethereum tools, dapps, and creates the staking mechanism for BNB.
How Much Does it Cost to Create a BEP20 Token?
Whoever starts a BEP20 token business, the first thing that strikes in their mind is the BEP20 token development cost. Because the cost of launching a BEP20 token plays a vital role while you are developing a BEP20 token on the Binance smart chain. Some of the essential factors decide the BEP20 token development cost under the Binance smart chain. Such as
- Business type
- Features of BEP20 token
- The design of the BEP20 token
- Number of BEP20 tokens to be created
- The complexity of your BEP20 token project
- Size of the BEP20 token development team
- Location of the BEP20 token development service provider
- BEP20 token creation and testing
- Distribution of tokens
- Ongoing support and maintenance
These above-mentioned elements are the important factors that will shape the BEP20 token development cost. We can not estimate the exact cost for creating BEP20 tokens on the Binance smart chain. But approximately the cost to develop BEP20 tokens under the Binance blockchain will range from $5.5k to $7k along with a stunning BEP20 token wallet mobile app for both Android and IOS. However, the BEP20 token creation cost will differ according to your business concepts.
Why Choose Icoclone For BEP20 Token Development?
Icoclone is the first-class BEP20 token development service provider in the blockchain industry. We excel in providing ultra-modern ICO script software with updated technical features. Being a leading token development service provider, we afford all types of token development services for major blockchain platforms like Ethereum, Tron, and Binance smart chain with impeccable outcomes. We provide the best-in-class BEP20 token development service with outstanding features at a reasonable price. We have a handful of skilled blockchain developers to create a secure BEP20 token with cutting-edge technologies. Along with your BEP20 token, we also provide you a stunning BEP20 token wallet mobile app for both Android and IOS platforms. We also offer productive technical and customer support to our reputed clients on a 24/7 basis.
If you are a person planning to develop a BEP20 token under Binance smart chain with token wallet app at a budget-friendly price. Then choosing Icoclone will be the finest solution for your BEP20 token business.
Talk to our team experts and Create your own BEP20 token now!