If you are a startup having an idea to create crypto tokens for the fundraising process, then you have reached the correct place.
But before going to create your own crypto token, you need to understand what exactly a crypto token was and how to create crypto tokens easily within some simple steps.
In simple words, crypto tokens are digital cryptocurrencies that is created on an existing blockchain. It is highly preferred by budding startups, entrepreneurs, and crypto business people to develop their businesses by raising funds by means of crypto crowdfunding.
By using crypto tokens, one can trade them successfully to earn profits or they can use them for fundraising to collect funds or you can stake them for future use.
While speaking of token development, there are some popular blockchain networks available in the crypto space such as Ethereum, Tron, and BNB chain and its best token standards are,
ERC20, TRC20, BEP20 - fungible token standards
ERC721, TRC721, BEP721 - nonfungible token standards
So, choose the best one from the above-mentioned token standards based on your business needs
First of all,
- Set the unique token name, token symbol, supply, and address.
- Choose the token standard implementing the smart contract.
- Add specifications to the smart contract. (BURN/ Storage / Allocate)
- Submit the smart contract for security review.
- Validate the smart contract and token.
- Connect the crypto wallet to transfer and store the tokens.
In last, add the token to the crypto wallet and deploy the token.
I hope, I have shared some basic steps to create a crypto token. You can create a crypto token by following these steps.
However, creating crypto tokens on your own might include some minor errors. So, it is advisable to create crypto tokens by finding the best crypto token development service provider. In fact, the cost to create a crypto token is very low.
Reach out to them and raise funds successfully!