How to create a BEP-20 Token on Binance Smart Chain?

Every year, the blockchain industry works towards introducing innovative and contemporary developments that challenge the current system, especially the decentralized finance sphere. One of the recent advancements is the Binance Smart Chain. It has provided people with a rich and ever-expanding digital asset ecosystem in the decentralized exchange spectrum.

Binance Smart Chain has the potential to create, launch, and deploy its digitalized token, which is referred to as the BEP-20 token.

The process of BEP-20 token development is a simple task. However, for non-tech-savvy individuals, it is crucial to reach out to a BEP-20 token development company for smooth development and necessary assistance.

In this blog, you will get detailed information on how to create a BEP-20 token. Let’s jump in!

Steps to Create a BEP-20 Token on Binance Smart Chain

Step 1: Define Token Specifications

Firstly, you need to decide on the features and functionalities that you need in your token. It is the most important step since it involves essential functions like token type, total supply, and more. It is essential for developing a new ecosystem.

Step 2: Smart Contract Creation

Next, smart contracts are created so that the efficient operation of the tokens is defined. It forbids any manipulation of the token and helps in the equitable distribution of tokens and their use.

Step 3: Set Up Token Functionalities

The next step is to establish token identities, which include user-specified names, symbols, and operational functionalities.

Step 4: Conduct Token Testing

After the token development, the platform is put through various tests to ensure that there are no errors or bugs before it is made available on the test net.

Step 5: Distribute Tokens

It is vital to spread knowledge about BEP-20 tokens so that more and more people support them. It can be achieved through a range of strategies, including airdrops or token sales.

Step 6: Launch the BEP-20 Token

After token distribution, the BEP-20 tokens are then listed on various Binance Smart Chain exchanges. It facilitates tokens to be purchased, sold, and traded amongst users.

What is the Cost of BEP-20 Token Development?

Considering the cost of developing and launching a BEP-20 token on Binance Smart Chain, this plays a crucial role. However, the overall cost depends on various factors, including:

●Business type
●Features of the BEP-20 token
●Design of the BEP-20 token
●The number of BEP-20 tokens to be developed
●Complexity of the BEP-20 token project
●Size of the development team
●Location of the BEP-20 token development team
●BEP-20 token development and testing
●Distribution of tokens
●Ongoing support and maintenance

The factors mentioned above shape the overall BEP-20 token development cost. You can get the exact cost of creating BEP-20 tokens on Binance Smart Chain. Yet, the approximate cost will range from $5500 to $7000. But keep in mind that the BEP-20 token creation cost will depend on your business needs and requirements, too.

Which is the best BEP-20 token development company in India?

Undoubtedly, the BEP-20 token development process is simple, but it involves various things, including smart contract creation, setting token functionalities, conducting token testing, and more. Thus, it is recommended to hire a professional BEP-20 development company to develop tokens without any errors.

At Coin Developer India, they offer custom BEP-20 token development services aligned with individual business needs and requirements. Their experts devise a fully-proofed roadmap to navigate your development journey. Connect with their experts to share your needs for the BEP-20 token.

Call/Whatsapp: +91 7240607737 | Telegram: Coindeveloperindia | Email: info@coindeveloperindia.com

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