Recent years have witnessed a tremendous rise in crypto-related businesses and high profits have been made through it. One of the popular crypto business practices carried out by many startups and entrepreneurs is crypto token creation. Creating a crypto token has helped many startups and entrepreneurs for raising funds for their businesses and for many other purposes too.
You might be interested in crypto token development, its use cases, etc. Now, we shall begin this article with…
What is meant by crypto token development?
Crypto tokens are digital tokens that hold and represent some value or an entity similar to bitcoin. Crypto tokens are developed using the token standards of some of the existing blockchains like Ethereum, Tron, BNB chain, Solana, Polygon, etc. Basically, crypto tokens are divided into several types: fungible, non-fungible, and semi-fungible tokens. Many crypto tokens are created during crypto crowdfunding mechanisms like ICO, STO, IEO, etc.
Types of crypto tokens
Generally, crypto tokens are divided into several types,
Utility token
Security token
Non-fungible token
Currency token
Reward token
For creating any of these types of tokens, you should need a blockchain platform. Those are mentioned below.
Crypto token development platforms
There are numerous blockchain platforms available in the crypto marketplace for crypto token creation. Ethereum, Tron, BNB chain, Solana, Polygon, etc are some of the well-known blockchains. Among these blockchains, Ethereum, Tron, and BNB chains are the most preferred ones for crypto token creation. Each blockchain has its individual token standards for fungible and non-fungible token creation. For instance, Ethereum has ERC20, ERC721, ERC1400, ERC115, ERC223, etc. Similarly, Tron has TRC20 and TRC721, and the BNB chain has BEP20, BEP721, etc.
Not only choosing the blockchain but also certain steps have to be followed for crypto token creation.
How to create a crypto token?
There are several steps that should be followed for crypto token development. By following those steps, you can easily create a crypto token.
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You should decide your token name, symbol, and decimal value.
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Pick the token standard of any of the blockchains like Ethereum, Tron, BNB chain, etc.
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Feed all the token details into the smart contract.
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Finalize the total supply of your tokens.
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At last, your crypto token will be created.
Admiring features of crypto token development
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ERC2O contract generation
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Crypto token wallet app for android, ios, Web, and Mac
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Setting Initial Supply
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Setting No of Issues
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Setting Fractions
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Deploy Contracts
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Generate Tokens
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Validate Contract
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Token swaps
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High-level safety & security mechanisms
Benefits of crypto token development
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Middleman free transaction
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Anonymity
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Globalized instant and secure transaction
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Our token wallet app supports Android, IOS, Mac, & Windows.
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Customizable interface
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P2P Decentralized network
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Supports Multiple Crypto tokens
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Limitless data
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Cost-effective transactions
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Easily trackable options and more
The above-discussed is information about crypto token development. To develop your crypto tokens in an efficient manner, you can approach a reputed Crypto Token Development service provider in the crypto ecosystem. They’ll guide you from token development to deployment in a hassle-free manner. Do a complete analysis and pick the best crypto token development service provider that suits your business.
