Binance Smart Chain BEP20 Token Development To Create Your Own BEP20 Token on BSC
BEP20 Token Development
BEP20 Token Development arena being one of the most originative spaces in the crypto industry today holds the prospect for the future of the crypto business. BEP20 token development company, we create BEP20 tokens on Binance Smart Chain for multiple-business purposes. Our BEP20 token development team has a strong knowledge who creating tokens that ensure basic functionality for the BEP20 token, like token transferring, returning a balance, viewing token ownership, etc... We also provide custom BEP20 token development solutions to restore any setbacks in your regular businesses.
Developcoins is a BEP20 token development company that hosts a vibrant team of blockchain developers who have rich experience in creating BEP20 standard tokens on Binance Smart Chain that delivers customer requirements. Our well-experienced and balanced team of developers and experts can solve any difficulty that can arise from the inception to the delivery stage of your project. Right from token development to listing the exchanges, we work closely with our clients to merge their invaluable inputs. Token development solutions, blockchain-specific tokens, and economic white-label software and the list goes on.
In this Modern era, Token is used widely for financial transactions in various industries based on it is created aim. Token has some value for itself and most importantly the value of the token is not a fixed one, it varies based on the domain, the token is going to get used. The tokens are generated for various purposes like for personal, business, etc and there are various types of Tokens available in the market. Tokens are built by writing and deploying smart contracts in popular blockchain platforms such as Ethereum, Tron, EOS, Binance Chain, Etc.
In this article, we have to see about What is Binance Chain and how to create your own token on Binance Chain, and more
Binance - In Simple Words
Binance is one of the most popular Cryptocurrency exchanges that offers trading in more than 45 digital coins such as BITCOIN, ETHEREUM, LITECOIN, etc. Binance native coin called as Binance Coin (BNB), Binance network is launched their own blockchain network such called as Binance Chain which increases the flexibility and speed-ability of the blockchain network.
What Is Binance Chain - The Native Blockchain For Binance DEX
Binance Chain is a type of blockchain project which was initiated by the Binance community in April 2019 it brings a new level of freedom for traders, as well as to projects that are looking to raise money or liquidity.
It aims to carry the best features for exchanges in a decentralized platform!. Binance DEX is the decentralized exchange module developed on the top of the Binance Chain and it allows for the exchange of digital assets that are issued and listed on the DEX.
Binance Chain has instant transaction facilities it contains a one-second block time, Compared with other blockchains this is a much faster blockchain today. Its primary focus is to facilitate fast transactions.
Due to the Smart contract functionality, it may be optimized for fast trading and significantly secure the Binance Chain network. Binance Chain is a community-driven development project and builds by developers from all over the world.
Binance DEX was designed to handle the equal amount of transactions that the current Binance platform handles, Binance DEX can handle the trading volumes more than centralized exchanges, this can easily fix the speed issues in the DEX Platforms
What Is The Design Principle Of The Binance Chain?
- It is mainly designed for no custody of funds that is traders can maintain the control of their own private keys and funds
- It performs in high throughput for a large user base and also contains a high liquidity trading.
- It contains very low cost for both in fees and liquidity.
- It also minimizes front-running to the extent of fair trading.
- It is able to improve the technology stack, ideas, and architecture.
What Can You Do On Binance Chain?
- By using Binance Chain you can easily send and receive BNB
- You can issue new tokens on Binance Chain
- Users can also send, receive, mint their tokens
- You can send orders to buy or sell assets through trading pairs that are created on the chain
- you can create trading pairs between two different tokens.
How Does Binance Chain Work?
Binance Chain will work on a Proof of stake consensus algorithm, specifically called a Proof of Staked Authority (POSA) Where the participants can stake BNB to become a validator. If they propose a valid block they can receive transaction fees from every transaction. Digital assets such as BTC, LTC, ETH, EOS already exist on Binance Chain and they are called "Peggy coins" and these tokens are pegged to assets on their native chains, if you have invested 10 BTC then you can receive 10 BTCB on the Binance chain. You can also store your asset in the crypto wallet, The wallet which supports the Binance chain is
- Trust Wallet
- Meta Mask
- Trezor etc...
What Is Binance Smart Chain?
Binance Smart Chain is the next update of Binance Chain and it will run parallel in the Binance Chain it is also called a BSC and it enables the creation of smart contracts for tokens on the Binance blockchain and also introduce an all-new staking mechanism of BNB it is expected to greatly increase the utility to both Binance Chain and BNB. BSC creates an ecosystem where validators, token holders, developers, and users get benefits from a rewarding blockchain that can offer high performance and also give space for further innovations.
What Is BEP-20 Token?
BEP-20 is a standard token on Binance Smart Chain (BSC) which is similar to the ERC20 standard token one of the famous Ethereum Token Standard. BEP-20 contained specified technical aspects for a Binance smart chain (BSC) the main aim of this token to provide a flexible format for developers to launch a wide range of tokens on Binance Smart Chain. BEP-20 Tokens are fully powered with a BNB. One could create a native token on BEP-20 token or else peg tokens from another blockchain to make use of BSC this was also called Peggy coins, which are almost BEP-20 versions of other crypto assets like XRP.
BEP-20 standard allows any tokens on Binance Smart Chain to be used by another application from wallets to decentralized exchanges in a consistent way, this standard interface also extends ERC-20 to facilitate the cross-chain transfer, the main purpose of this BEP is to create a token contract on Binance Smart Chain. Trust wallet also supports BEP-20 Token so you can be easy to draw your digital asset. Binance Smart chain is now live on a mainnet and also ready to be tested by some of the top projects in the crypto industry and it is expected to greatly increase the utility of the Binance chain and BNB.
Decentralized Finance (DeFi) On Binance Smart Chain
DeFi Market is currently seeing massive growth in Crypto Space! and it is an alternative financial solution powered by a blockchain. Today nearly Many DeFi projects are done under the Binance Smart Chain such as Pancake Swap it allows users to trustlessly exchange asset similar to uniswap similar products include BurgerSwap and BakerySwap, The Flexibility afforded by Binance Smart Chain, there are many DeFi projects are planning to do their projects in upcoming days and Binance Chain gained a huge value in the DeFi Space. The Cross-chain DeFi mechanisms that can increase the DeFi interoperability and A supportive Binance ecosystem that gives more funds and bootstraps for many DeFi projects, some of the major crypto projects are also collaborating with this Binance Smart Chain (BSC).
Our BEP20 Token Development Services
We develop unique and secure Binance Chain BEP20 tokens that are feature-rich and advanced to the core. The token development services we offer are
Token Creation & Development
A leading crypto token development company, Developcoins create fungible and non-fungible tokens within the Binance Smart Chain blockchain which is more suitable for your business model.
Mintable BEP20 Token Development
A mintable token development company, we create mintable BEP20 tokens with a non-fixed total supply, allowing the token owner to “mint” more BEP20 tokens whenever they want.
Our team of blockchain developers migrate your token from beta net to mainnet of any blockchain such as Ethereum, Tron, EOS, and BSC and convert ERC standards token into the trustworthy token standards.
As a leading ICO development company, we develop and launch your own ICO platform successfully along with advanced features and raise funds for new business plans by distributing ICO-based BEP20 tokens to value investors around the world. We provide a robust and scalable ICO script that helps to launch your crowd sale platform instantly.
BEP20 Token Listing
Our team of experts helps you to list the developed BEP20 tokens on various top cryptocurrency exchanges to make it more popular and to grab investors around the world.
BEP20 Token Wallet Development
We develop customized token wallets individually to store and manage Binance Chain tokens which are created under any BEP20 standards.
We Create Tokens For All The Top of Blockchain Platforms:
No matter under which blockchain your token development project falls, with the help of our experienced blockchain developers, we can create and launch you with robust tokens on the competitive market.
- Ethereum Token Development
- Tron Token Development
- Binance Smart Chain Token Development
- EOS Token Development & more
Our Customized BEP20 Token Development Solutions
Enhance your crypto and blockchain business presence with Developcoins. Years of Experience in token development will create your BEP20 token with advanced features.
BEP20 Token Development Process
We know that there are varieties of what a standard token development process should be. However, there is a common expectation of steps to be adopted for success in the development life cycle of any given crypto token. Based on user value, we explain the trending list of steps that lead to a unique & secure BEP20 token development project delivery.
The Essential: Zero Step to BEP20 Token Development Process
- Research and Discovery
- Testing and Deployment
- Post-Deployment and Maintenance
Finally, In the process of BEP20 Token Development, the most important way to explain a BEP20 token to potential users and investors is via the Whitepaper that is prepared in the process of the token development. This is the standardized procedure in introducing new projects in the Blockchain infrastructure.
How To Create Your Own Token Like BEP-20 On Binance Smart Chain?
In order to create your own BEP20 token on Binance Smart Chain, First, you have to decide what you want your token to be, commonly token are built on different languages, based on the network, Solidity language was mostly used language when it’s come to the BEP20 token development. So First you have to choose the right blockchain platform which is like Binance Smart Chain for your BEP20 token development.
A leading token development company, Developcoins we create& deploy Smart Contract for a Standard, Capped, Mintable, Burnable BEP20 Tokens
Here’s the list of basic things you have to note down for creating your own token on the Binance Chain:-
Token Name: When creating a token, you’ll need to choose your token name perfectly E.g. “Token name”
Token Symbol: The next thing, for all tokens symbol, is much needed one, so you have to decide your token symbol E.g. “TN”
Token Decimal Places: Token has 8 decimal places, which means fraction part of the tokens E.g “100000000”
Total Supply: You need to note down the number of tokens in circulation, which was allocated by the owner
Balance Of: It returns the token balance of the account to the authorized person address
The Best Features of BEP20 Token Development
The tokens must strictly comply with the standards to launch exceptional results. Some of the important prerequisites of BEP20 token development are as follows:
- BEP20 Compliant
- Verified Source Code
- Details of the token
- Customizable decimals
- Supply Type
- Access Type
- And more
Developcoins is staffed with skilled and experienced blockchain developers and experts that can ensure a successful BEP20 token development. Our project approach and management methodologies enable us to timely deliver full-cycle token development projects with further technical support. Contact us today for your token development project needs.
Where To Create Your Own BEP20 Token On Binance Smart Chain?
There is numerous company provide the best Token Development services but only a few succeeded and got a Branding name around the globe!. Being a leading Token Development Company, Developcoins is well experienced in the Blockchain development to provide complete token creation services and our dedicated blockchain developers help the clients to create their own token like BEP-20 on the Binance Smart Chain with an innovative future at an affordable price!