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Aero_Fernandez
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 123
Joined: Mon May 11, 2020 10:02 am

Fungible and Non-fungible - Crypto Token Development

Thu May 26, 2022 2:08 pm

Blockchains have always been associated with cryptocurrencies and crypto tokens. Among them, crypto tokens are the most spoken term right now in the crypto market. Currently, many budding startups are stepping into the crypto token creation process in order to develop their business growth. The distinct types of crypto tokens are fungible and non-fungible tokens. Both have their own beneficial advantages and unique features. Now, let us move on to what are fungible and non-fungible tokens.

Fungible tokens are divisible assets that are not unique and can be readily exchanged for another same kind of asset. Generally, fungible tokens are used by budding startups for crypto crowdfunding techniques. ERC20, TRC20, and BEP20 are popular fungible token standards in the crypto space.

Benefits of creating fungible tokens

  • Instant fundraising
  • startups can make use of this to raise capital easily
  • Secure and mediator-free transactions
  • Easy to develop
On the other hand, Non-fungible tokens are unique and cannot be exchanged for another same kind of asset. These special tokens include a unique type of art, music, and more. These digital tokens are bought and can be sold on the NFT marketplace to earn a huge profit. ERC721, ERC1155, TRC721, and BEP721 are the best technical token standards for Non-fungible token development.

Benefits of creating non-fungible tokens

  • Transparency
  • Digital Ownership
  • Can be used in the NFT marketplace to yield profits
  • Supports effective trading
After knowing about fungible and non-fungible tokens, if you are interested in creating crypto tokens, then choose the suitable token standard to create a crypto token. You can save your time and effort by approaching a good crypto token development service provider to create your crypto tokens. The genuine Crypto Token Development Service Provider helps you to create your crypto tokens with all advanced technical features. I would like to suggest ICOCLONE, a renowned crypto token development service provider that has years of experience in crafting crypto tokens. They are highly skilled at creating fungible and non-fungible tokens. Also, they have well-versed developers in creating the crypto token with all extraordinary features. Get connected with them to attain end-to-end services.

Reach their team via,
Whatsapp / Telegram: 91 95005 75285
Email: hello@icoclone.com
Skype: live: hello_20214
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