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 Binance chain and BNB.
How To Create Your Own Token Like BEP-20 On Binance Chain
In order to create your own token on Binance 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 Ethereum token development. So First you have to choose the right blockchain platform which is like Binance Chain for your token development.
Here’s the list of basic things you have to note down for creating your own token on 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, that 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
Where To Create Your Own Token Like BEP-20 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!
Create Your Own Token Like BEP-20 on Binance Smart Chain!
