Steps To Create BEP20 Token On Your Own
Creating and deploying tokens on the Binance Smart Chain is easier now.
The finest way to learn more about the inner functions and workings of cryptocurrency is by launching your own digital token. And the good news is, Anyone can create and launch BEP20 token on Binance Smart Chain by their own.
Before knowing how to create BEP20 Token on BSC, Let us have a brief note of What is Binance Smart Chain and BEP20 Token standard.
What Is Binance Smart Chain?
Binance Smart Chain is a dual chain architecture that lets its users to build their dApps and digital assets on the blockchain and furnishes the advantage of fast trading.
Highlights of BSC
Compatible with Ethereum VIrtuak Machine
Supports cross-chain transfer
Depends on the proof-of-stake authority
Diminished Block time of 3 seconds
BEP20 Token Standard
Launching BSC tokens is easier and those tokens confirm to a standard called BEP20 that is similar to the Ethereum token standard ERC20.
BEP20 token ensures fundamental token functionality like viewing ownership of the token, transferring, returning balance and so on.
To point out, BSC tokens can be swapped for “regular” and let you to view the Application Programming Interface of BEP20.
To make any transactions with these tokens, there will be some fee to be paid in BNB. This fee is for the validators to secure the network.
Hope, you have some ideas about Binance Smart Chain and BEP20 Token. Let us dive on How To Create BEP20 Tokens On Binance Smart Chain
How To Create BEP20 Token On Your Own?
To create BEP20 token on your own, you will need the following prerequisites
Prerequisites
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MetaMask browser extenstion
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Familiarity with Remix IDE
Steps To Create BEP20 Token
Step 1: In your metamask, Add Binance Smart Chain
Step 2: Make sure, your wallet is filled with sufficient BNB funds
Step 3: Integrate the wallet to the token tool
Step 4: Select the token network and standard
Step 5: Specify the features and create the token
Step 6: Initiate fundraising via token offerings
Hope, now you cleared that, creating BEP20 Token on your own is really easy. Still, need more info, get connected with the leading BEP20 Token Development Company.
Source: Medium
