Instead, recognizing the fact that BSC is popular and can be adopted by various Web3 projects. BNB chain is a decentralized distributed blockchain network where developers can develop their decentralized applications and crypto tokens easily.
Additionally, it is important to know that Binance Chain and BNB Chain are not the same thing. Also, these two chains are now running in parallel under each other, where both serve their main purpose – namely Binance Chain facilitates trading, whereas BNB chain maintains smart contract development.
If you are the person, confused about choosing the best token standard for crypto token development?, then choose BNB chain’s BEP20 token standard. The notable BEP20 token standard includes a blacklist, can mint, can burn, and can pause.
If you have gone through ERC20 tokens, it will be easy for you to understand what BEP20 tokens are. BEP20 is considered the fungible token standard on the BNB chain that can manage your BEP20 tokens.
Features of BEP20 tokens -
- Completely Decentralized
- Interoperable with other frameworks
- Smart Contracts Implementation
- BEP20 Compliant
- Verified Source Code
- Details of the token
- Customizable decimals
- Supply Type
- Access Type
- Burnable
- Cross-matching with BEP2
- Dual Chain Architecture and more
To develop a feature-rich BEP20 token using BEP20 token standard, then you need to consider some essential elements. Such as name of your token, token symbol, total supply of the token, token features, and more.
Now, coming to the question, can you create your own BEP20 tokens? Yes, anyone can Create BEP20 tokens but when it comes to the technical part, there will be a chance of getting errors and some issues.
So it is best to choose the right BEP20 Token Development service provider in the crypto market. They will give you the complete assistance with BEP20 token development services at an reasonable cost.