How Much Does it Cost to Create ERC20 Token?
In Today's world, the most widely used blockchain network is Ethereum which is specialized for its exceptional smart contract functionality. Ethereum request for comments (ERC) is the protocol of the Ethereum blockchain network & token is a script running on the Ethereum blockchain. This Ecosystem offers flexibility & adaptability which makes the token extremely profitable for business propose. If you are researching crypto you will regularly come across the term ERC20 token it has seen a valuable profit in recent times. ERC20 is a protocol standard used for the Ethereum network, this protocol contains a certain set of rules and standards that must be followed in order to publish tokens on the network. By this article, we have to see how much does it cost to create an ERC20 Token?
Before getting into the topic, let's see the quick definition of an ERC20 Token.
Come let’s see
What Is ERC20 Token?
ERC stands for Ethereum Request for Comments. An ERC20 token is a digital token that can be used on the Ethereum Platform. Ethereum is a decentralized network that is able to support decentralized applications such as DApps that can be built on the existing Ethereum blockchain. ERC20 tokens can be transferred from one account to another as payment. Ethereum blockchain allows you to create your own token on various ERC standards. The Ethereum functions are written by using the language called solidity. Ethereum and ETH tokens are stored in the digital storage space called Meta Mask.
Types of ERC20 tokens
- Equity Token
- Utility Token
- Asset-Backed Token
- Security Token
In order to create your own ERC20 token, you need to note down the following things
- Token Name
- Token Symbol
- Token Decimal Places
- The number of Token is circulation
- Code of the contract
- Verify the source code
Benefits of ERC20 Token
- ERC20 tokens are using high-level contract oriented programming with solidity syntax.
- These tokens are generated through a unique name and symbol
- Tokens can be integrated into any system in Ethereum currency based on the standards of ERC20.
- This ERC20 token is taking a minimal cost and time to launch on the market.
- Smart contracts ensure that transactions are risk-free.
- The function enables the ERC20 will help the client to collaborate with both token and blockchain more efficient and fast
Most Popular ERC20 Tokens List:-
- EOS (EOS)
- TRON (TRX)
- veChian (VET)
- ICON (ICX)
- IOStoken (IOST)
- Augur (REP)
- OmiseGO (OMG)
- Zilliqa (ZIL)
- Aeternity (AE)
- Wrapped Bitcoin (WBTC)
Let's come to the major topic
How much does it cost to create ERC20 Token?
The cost to create an ERC20 token depends on a few things which include token features, token design, token platform, token testing, and distribution.
The range starts from min to max and it depends on the concerning ideas and how many tokens you need for your project and also depends upon your standards and Scope of the projects. Most of the project owners try to make their tokens that can be listed on the different crypto exchange platforms such as Binance, Coinbase, CEX.IO and more.
So it is important to choose a reputed company for creating ERC20 token, before choosing an ERC20 token development company, first, you have to check all the reviews and comments given by their clients and go through the companies profiles and to know how much they are familiar in the market. Then only you can ensure that you are getting 100% satisfaction from investing your money.
Where To Create Your Own ERC20 Token?
As a leading Ethereum Token Development Company, Developcoins provides you with the best ERC20 token development services along with several years of experience in crypto token development, Our token developers are highly skilled coders and marketers who help the clients to create their own ERC20 token based on their requirements.
The service fee for the ERC20 token is based on your requirements and the cost of the development depends on the number of services you hire and the number of features you want in your token.
Our Wide Range Of ERC20 Token Development Service Which Includes:
- Token Creation
- Token Transfer
- Token Web Wallet
- Cold Storage
- Verify on Etherscan
Why choose Developcoins for ERC20 token development?
With the assistance of Developcoins, you may expand your business idea and even start a new token business with impressive features through the built-in security procedures like,
- Having unique strategies for token creation
- Smart contract development
- Extraordinary Technical Expertise
- Complete dominance in the crypto industry
- Fast Response time
- Frequent updates