Recently, the crypto space has become the best platform for startups around the world to engage and make profits. The reason behind this is due to the uprising value of cryptocurrency and crypto tokens
Cryptocurrency is actually a digital currency that is encrypted with values in the blockchain. Whereas the crypto tokens are merely a subset of cryptocurrency that can be generated on the existing blockchain by a particular organization and community.
The most commonly preferred blockchain in the crypto space for the token creation is Ethereum, Tron, and BNB chain.
Ethereum blockchain is an open source and secure blockchain supporting the best token standard such as ERC20, ERC721, ERC1155, etc. Similarly, the tron blockchain supports effective token standards such as TRC20 and TRC721. Whereas the BNB chain includes the BEP20 token standard.
If you have a question regarding, how to create a crypto token? Let me explain it in simple steps
- Create a Token by registering the token name, symbol, and address - Select the required blockchain and token standard.
- Code the smart contract in the blockchain
- Create a wallet
- Validate the contract and token
- Add token to the wallet
- Deploy the token
If in case, you feel the token creation process to be more complex, then make sure you have chosen the right provider to get the best services for crypto token development.