In the world of blockchain, almost everyone knows about crypto tokens. If not, let us have a small overview of tokens. A crypto token is a digital asset that has a utility or asset-backed value and can be used for various purposes. Like business, trading, raising funds, payments, paying for own services, etc. since the introduction of crypto tokens in the marketplace, many people are using tokens in different aspects and that made tokens reach a great place in the blockchain industry. Crypto tokens can be usually developed under the existing blockchain like Ethereum, Tron, EOS, waves, BNB chain, etc. The common connectivity between these blockchains is – they are an open-source blockchain platform.
Among those blockchain platforms, the BNB chain is gaining popularity in the blockchain industry. Because we know that Binance is the world’s most popular cryptocurrency exchange platform with massive trading volume and millions of active users. They have introduced the open-source blockchain platform named BNB chain for binance DEX. The primary motto of the BNB chain was to perform faster transactions in a hassle-free manner and it is specially developed for binance DEX. It helps you create, send, receive, and mint a token on its blockchain.
The binance brings a new blockchain business opportunity for startups and entrepreneurs who are looking to raise funds and gain popularity in the marketplace. This blockchain offers a quick token transaction facility so if you compare the performance of the binance chain with other blockchain platforms. Then, the BNB chain will be the fastest blockchain right now. By using the BNB chain, one can create their own BEP2 crypto token. At this current time, we can see a great hype on BNB chain and BEP20 token development. The hype made a great demand to Create BEP20 Token in the blockchain space.
If you aren’t aware of the BNB chain and how to create BEP20 token, then this article will be helpful for kickstarting the BEP20 token business. This article covers all the essential factors of BNB chain and BEP20 token development.
Without wasting our time, let us begin this mind-blowing article with…
What is a BNB Chain?
Binance first introduced a binance chain in the marketplace which is used to create BEP2 crypto tokens. Later on, as an update of the existing blockchain ‘Binance chain,’ they introduced the BNB chain in the blockchain marketplace. BNB chain runs parallel to the binance chain and allows you to utilize the functionality of blockchain most finely. Besides, this blockchain platform helps you understand the independent working of Ethereum-based crypto tokens, Tron-based tokens, and other blockchain-powered crypto tokens.
You can Create BEP20 token and perform transactions on top of the BNB chain. So that you can experience great efficiency in real-time. This blockchain platform completely works on the consensus algorithm. So it allows the users and owner of the token to verify & analyze each transaction. BNB chain is a newly introduced blockchain platform, so it supports cutting-edge functions like metamask & Defi with its structure.
As everyone knows that ethereum and Tron are open-source blockchains and it allows anyone to develop the tokens and smart contracts under their respective blockchain. Likewise, in BNB chains, developers can easily develop smart contracts, dapps, and crypto tokens. The major benefit of using the BNB chain is you can get more compatible functionalities. The features that you get from the BNB chain will help you to broaden your private network.
The BNB chain helps to develop an ecosystem. So here token holders, developers, and users get benefits from a rewarding blockchain and it can provide better performance. That’s why there is huge popularity over the BNB chains in the marketplace.
What is a BEP20 Token?
BEP20 is a kind of token standard which comes under the BNB chain. This standard is the most powerful and fastest token standard in the crypto marketplace. BEP20 is an update of BEP2 tokens. By using the standard, one can develop a crypto token which is BEP20. Besides, this standard is also used to create Dapps, smart contracts, and more. These token is introduced during the time of the NFT. BEP20 token standard are mostly helpful for decentralized crypto sites and swap sites. Such as Pancakeswap, Uniswap, Sushi Swap, and more for swapping & pooling purposes. These tokens can also be converted into NFT by using the Binance blockchain.
Like BEP2 crypto tokens under the BNB Chain, it transfers are completely fueled with BNB. Also, they will collect the BNB coin as a fee for their troubles and trading. BEP20 standard tokens have specialized technical features and the primary aim of this token is to offer a flexible format for token developers to develop and deploy several BEP20 tokens on the BNB Chain.
Presently, the Trust wallet from binance supports all BEP20 standard tokens. Thus, it will be easy for users to withdraw, store, and receive. As previously said, BEP20 transactions are faster when compared to other standard tokens in the blockchain space. That’s why there is hype for BEP20 crypto tokens in the global blockchain marketplace. By seeing the hype and popularity of BEP20, many crypto startups and entrepreneurs showed interest to create BEP20 token under the BNB chain.
Notable Reasons To Create BEP20 Token
As we know, BEP20 token are grabbing the attention of millions of users and gaining prominence in all parts of the world. So it can be considered as a major reasons to create BEP20 token for your business. But there are also many reasons to create BEP20 token standard. Here we list some of the noteworthy reasons that you must know before creating BEP20 Token under the BNB chain.
- BNB chain platform and BEP20 creation are trendy ones right now. Thus, by developing a feature-packed BEP20 standard token, you can enter into the blockchain marketplace quickly and raise funds easily and without any trouble.
- The BNB chain works for offering the best experience for the users. Also, it assists them in achieving better results in a short time.
- The BEP20 standard tokens are far similar to the BEP2 token and ERC20 standard tokens. So if you create create BEP20 token, it will be compatible with both Ethereum and BNB chain platforms.
- Both the BEP2 and BEP20 are generated under the binance blockchain so BEP2 can be easily swapped with BEP20 equivalent
- The BNB chain structure will help you overcome all issues that are usually faced by the platform proprietors. When you compare this structure with other structures, you can find this blockchain platform environment more compatible with some additional solutions. Such as metamask, end-to-end encryption, etc.
- BNB chain is recognized as a secure blockchain platform. Besides, the high-end security standards that you get with the BNB chain are more effective.
- Your BEP20 tokens can smoothly take the transaction to the next level and perform securely in a hassle-free manner.
- If you want to create bulk tokens in a minimum period, then the BEP20 token standard provides you the finest business results. So it brings a high level of feasibility.
- BEP20 standard token will let you create BEP20 tokens at a low cost. Because it requires only a low amount of gas.
- As of now, the trust wallet app supports all the BEP20 token standard tokens. so if you Create BEP20 token under BNB chain, then users can easily receive, store, and transfer globally.
- BEP20 token trading will be reliable with high transparency and the token transaction will be quick.
- Another major reason to Create BEP20 token is it Supports ethereum tools, dapps, and creates the staking mechanism for BNB. Binance blockchain ecosystem makes room for DeFi and it helps to become more scalable.
These are major reasons to create BEP20 token under the BNB chain platform. Now, let us figure it out…
How to Create BEP20 Token For Business?
If you are starting a BEP20 token business, then you are on the lucrative business side. So, how to create BEP20 token? Creating a BEP20 token standard is not a hard task in this modern era. When it comes to BEP20 token creation, there are two easy and possible ways.
Firstly, if you have deep knowledge about the BNB chain platforms and blockchain coding skills. Generally, crypto tokens are created in various programming languages. But among them, Solidity language is a programming language when it comes to the developing a BEP20 token. So if you have strong skills in Solidity, then you can create BEP20 Token on BNB Chain by yourself. But before Creating your own BEP20 token business, you need to have an outstanding business requirement. Also, you must determine the purpose of launching your BEP20 crypto token.
While creating a BEP20 token standard, you must consider some important factors. Here is the list of elements that you must consider when it comes to developing a BEP20 token.
- Name of the token
- Token symbol
- Decimal place in token
- supply token
- Features of the token
- BalanceOf
Secondly, you can pick a top-rated BEP20 token development company in the blockchain space to create BEP20 Tokens. One such Crypto Token Development Company is ZAB Technologies. We will assist you to create a fully functional BEP20 token standard with salient features at a reasonable price. Our crypto token development team will help you right from token ideation to deployment. We follow some standard procedures in to create BEP20 tokens and that involves the following steps.
- Research and Discovery
- Planning
- Design
- Development
- Testing and Deployment
- Post-Deployment and Maintenance
The above-mentioned steps are the standard procedure that our token development team will follow to create BEP20 Token securely for your business.
Desirable Features of BEP20 Token Development
Here is the list of advanced features that we integrate into 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
- Burnable
- Cross-matching with BEP2
- Dual Chain Architecture and more
By approaching our BEP20 token development service, you can get all these above-mentioned outstanding features in your BEP20 token standard.
How Much Does it Cost to Create BEP20 Token?
If you want to Create BEP20 token business, the first thing strikes in your mind is the cost to deploy a BEP20 token. Because the cost of creating a BEP20 plays a vital role while you are developing a BEP20 token standard on the BNB chain. Some of the essential factors decide the cost of creating BEP20 token under the BNB chain. Such as
- Business type
- Features of BEP20
- The design of the BEP20 token
- Number of BEP20 tokens
- The complexity of your BEP20 token project
- Size of the token development team
- Location of the 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 cost to create BEP20 token. We can not estimate the exact cost for creating BEP20 on the BNB chain. But approximately the cost to create BEP20 token under the binance blockchain will range from $5500 to $7000 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 Pick ZAB Technologies to Create BEP20 Token?
ZAB Technologies is the leading BEP20 token development company in the global marketplace. Being a pioneer in the blockchain space, we are specialized in offering all sorts of token development services for major blockchain platforms like Ethereum, Tron, and BNB chains. We offer the best-in-class token development service with extraordinary features at an affordable price. Along with your token, we also provide a user- BEP20 token wallet app for both Android and IOS mobile devices. ZAB technologies have a handful of skilled blockchain developers for creating a secure BEP20 token standard as per the clientele requirements. We also have a dedicated team for providing effective customer support through the internet.
If you are a startup or an entrepreneur willing to create BEP20 Token at a budget-friendly price. Then choosing ZAB Technologies will be the ultimate solution for your BEP20 token creation. Contact our experts and create your own BEP20 token now!
