Crypto tokens are the subset of cryptocurrency which is used to access crypto business platform. The crypto tokens have been used in the crypto business platform such as crowdfunding, trading, gaming, arts, and more.
How to create a crypto token?
As we all aware of the fact, crypto tokens are generated on the blockchain ledger system. In the crypto space, the most common and highly preferred blockchain in the crypto space is Ethereum, Tron, and Binance smart chain.
Ethereum blockchain is an open-source and secured blockchain supporting the best token standards such as ERC20, ERC721, ERC1155, etc, similarly, the Tron blockchain supports effective token standards such as TRC10, TRC20, and TRC721 and Binance smart chain include BEP20 token standard.
Procedure to create a crypto token
- Analyze the crypto token suitable for your business requirements
- Create a Token by registering the token name, symbol, and address - Select the required blockchain and token standards
- Code the smart contract in the blockchain
- Create a wallet
- Validate the contract and token
- Add token to the wallet
- Deploy the token
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