Guide for creating a BEP20 Token on Binance Smart Chain

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 a BEP20 token on Binance Smart Chain on their own.

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 conform 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 the 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 your own BEP20 token, you will need the following prerequisites

Prerequisites

MetaMask browser extenstion

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

Now you have a clear idea of creating a BEP20 token on Binance Smart Chain. Still, if you have doubts you can contact a leading BEP20 Token development company.

Source: Medium