How You Can Build BEP20 Token On Binance Smart Chain

By RisingMax

December 27, 2022

The blockchain and its technology are spreading like a fire in the jungle. The robust technology with the great potential to make the market a better place for businesses. The BEP20 token is one such technology of the blockchain platform that is a reliable option. 

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The blockchain used exclusively by Binance to run smart contracts is known as Binance Smart Chain. The Binance Chain, the original blockchain of the Binance cryptocurrency exchange, is used in conjunction or parallel with the BSC.

Similar to how ERC20 is used to create tokens on Ethereum, BEP20 is a token standard used to create tokens on BSC. It is a crucial instrument for facilitating the creation of smart contracts on the Binance Smart Chain.

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The use of the BEP20 token is currently at its pinnacle in numerous blockchain, NFT, and Defi applications. Numerous business people have begun producing their BEP20 tokens to keep up with this consistent demand and use them as a means of generating large profits. People are eager to leave their mark on the production of BEP20 tokens! You, why not?

Get the token from a dedicated team of token developers with extensive expertise in building BEP20 standard tokens on BSC. Hire RisingMax Inc. for BEP20 token development services and get a free consultation.

How You Can List BRP20 Token

Tokens for BEP 20 can be listed on any cryptocurrency exchange platform. You should pick the best cryptocurrency exchange with amazing features and functionalities for this.

We suggest that you start a cryptocurrency exchange like Binance, where BEP20 Tokens can be listed. With features comparable to those of Binance, this kind of cryptocurrency exchange created with Binance Clone Script is quite effective. Trading and exchanging BEP 20 tokens will be simpler for traders if you list them on a cryptocurrency exchange like Binance.

Cost For BEP20 Token Development 

Take into account the price and features of creating crypto exchanges like Binance while creating such a digital platform. The modification of functionality to meet your business needs must be your main priority.

Due to several variables, like the project's complexity, the blockchain developer you select, and the features you wish to include, the cost to construct a cryptocurrency exchange like Binance can vary. However, the cost will range from $50,000 to $70,000.

Discussions about the BSC BEP20 standard for tokens require a basic understanding of BEP and the BSC connection. You must first comprehend BSC, or Binance Smart Chain, to set the stage for conversations about BEP20.

Binance Smart Chain is the blockchain only Binance uses to execute smart contracts. In addition to or concurrently with the BSC, the Binance Chain, the original blockchain of the Binance cryptocurrency exchange, is used.

Designing Cost10k to 20k
Outsource Software Cost  $25 to 35K
Deployment Cost  $15k
Integration Cost $10k
Maintenance Cost  $1500 to 4k
Project Managers $25/ Hour
Quality Assurance Team And Testers $5000

How To Create A BEP20 Token

Create BEP20 tokens on the Binance Smart Chain to show the way that its administration, token-stamping, and token-consumption mechanisms correspond to the BNB, the Binance Smart Chain's base currency.

The BEP 20 Tokens are designed to demonstrate decentralized financial services via peer-to-peer payment systems, providing ongoing assistance to the large Smart Chain organization.

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What Features We Provide With BEP20 Tokens Development Service

  • High Scalability and Quick Transactions

BEP-20 coins are designed to deliver transactions in a matter of seconds. Only after investigating how quickly this native token trades is Binance Chain discernible.

  • Minimal Transaction Fees

Creating a BEP20 token allows consumers to exchange their tokens without having to pay exorbitant gas costs as on the Ethereum network.

  • Solutions that are wholly decentralized

Due to its complete decentralization, BEP-20 token trading may be done quickly and with minimum effort.

  • None of the Middlemen

Since the token exchange is legal, sharing an asset doesn't require the use of middlemen. Blockchain technology allows for no third-party interference, which also results in savings or the ability to generate more money.

For example: Generally, the bank charges an amount as a commission for the transaction. 

  • Cross-chain

Binance chains are compatible with BEP20 currencies (bep2 coins). You may easily switch between the two networks, such as the Binance chain and Binance smart chains, using your standard wallet.

  • Smart Contract

A Binance Smart Chain is supported by applications based on smart contracts (BSC). Since BSC's smart contract can accommodate numerous transactions, the exchange ends up being self-executed.

  • Architecture with two chains

The Binance chain and the Binance smart chain are both networks that the bep20 token development can offer assent with.

  • Support for POS and DPOS

The platform was created using the bep20 as the fundamental transactional unit, which enabled it to support both POS (proof of stake) and DPOS (Distributed proof of stake)

  • Listings on exchanges

The BEP-20 token standard has gained a lot of traction. As a result, the majority of the top bitcoin and cryptocurrency exchanges have no trouble adding the BEP-20 tokens, etc. to their listings.

  • High-end structures

The whole system of BEP20 works for the betterment of the users and it helps them achieve better results in minimum time. Also, chains get expanded as per the needs of the network and allow the users to analyze the whole system. 

Multi Cryptocurrency Wallet Development Company

RisingMax Inc. is the leading token development company with an excellent team of 150+ developers and designers. We are into the software development sector for the last 13 years and developing blockchain tokens and applications for the last 6 years.

What We Provide As BEP20 Token Development Company

  • Develop tokens

With the development of tokens on the Binance Smart Chain (BSC) blockchain, enormous commercial opportunity increases. We provide complete assistance in producing fungible and non-fungible tokens for your company.

  • BEP20 Token Mintable Development

We generate mintable BEP20 tokens as a mintable token development company with a non-fixed total supply that enables the token owner to "mint" additional BEP20 tokens.

  • Transfer Token

Your tokens will be transferred by our team of blockchain developers from one blockchain to any other blockchain, including Ethereum, Tron, EOS, and BSC.

  • Development of ICO

We create and successfully launch your own ICO platform with cutting-edge features, and we raise money for brand-new company plans by issuing ICO-based BEP20 tokens to value investors all over the world.

  • BEP20 Token Listing 

We list the created BEP20 tokens on a number of the top cryptocurrency exchanges to increase their visibility and enable investors from all over the world to purchase them.

  • Development of the BEP20 Token Wallet

To store and administer Binance Smart Chain tokens produced in accordance with BEP20 standards, we construct personalized token wallets for each client.

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Procedure To Follow For BEP20 Token Development

For getting into any business you have to be very sure of the blueprint of the business and what is the scope of the business. 

Research 

The most basic and the most important thing is the research the scope of the business and how it will run and who all are the best BEP20 token development companies that can be your perfect partner for the BEP20 token development services. 

Planning 

Plan the development segments with the BEP20 development company so that you can find a perfect time for the launching of the platform or service. Knowing how much time it takes to develop a token is a must in planning. This will help you to get the perfect vision for your business. 

Design 

The design of the platform is one of the important things that you should be very specific about. The design also helps to make the user experience better and more reliable for the users. 

Development

There are very few experts in the BEP20 token development companies. So for the development of the token, you have to be very careful with development companies. The development procedure of the BEP20 token is crucial and there are very few who have expertise in building the token. 

Beta Testing 

Before the final launch on the marketplace, one should go for beta testing to observe the experience of the users. Beta testing also helps to get over even minor errors. 

Final Launching 

The final step is to get into the market with the tokens. Make sure before entering the market you are all done with the above-mentioned procedure. If you are a startup company then it is our recommendation to go through each of the procedures.

RisingMax Inc. is the leading NFT token development company that can be your perfect partner with 360-degree solutions. We are not only a BEP20 token development company for our clients but also make sure our clients find the one-stop solution with us. We also provide the marketing solution for blockchain-based technology and application. 

Don’t delay getting into the market early, the blockchain industry is getting bigger and better with time and startups are getting onto the platform to make reach globally.

Hire us for the BEP20 token development with perfection and at cost-effective rates.

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