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Benefits of Creating ERC20 token

Before we are going into a topic, let's we can have a overlook....

Cryptocurrency is basically a virtual coin which has some value like other physical currency but the only difference is, it can handled virtually. And token development is held from the existing blockchain platforms, all the cryptocurrency are stored safely in the cryptocurrency wallet with the help of private key.  

What is ERC20 Token?

Basically ERC20 tokens are created from the ethereum platform which is one of the famous one and also got a special place in the market and placed next to Bitcoin. By keeping base as ethereum blockchain, numerous ethereum token standards are developed  and among them, ERC20 token usage hit the peak because of its vast usage and familiarity.

This ERC20 token is like other tokens and also well suitable one for the development of DApp which is now widely in usage. ERC20 tokens are used in various platform and also for different purposes.

Why ERC20 Token is preferred than others?

In this sub topic, we can start have a outlook about it's preference and its right whole advantages of ERC20 is covered by this upcoming sub heading of the blog. Now, while there are numerous ethereum token standards are available out there. But ERC20 token standard is stand out among all them and highly recommended plus preferred for the usage, that is because of these upcoming benefits,

  • Cost effective
  • Easy creation/ easy coding
  • Create in less time
  • Easy usage
  • Secured with smart contract
  • Deployed with wallet
  • Automatic Transaction
  • Quick fund raising

There are much more perk to ERC20 token. They can be discussed further below.



ERC20 Creation Process

Since, this topic is about the benefit of creating ERC20 token, and the very tempting part towards the prefer of ERC20 token is, it is cost effective and easy to create.

Now, let's we can also get through some basics of creation of your own ERC20 token. The very basic thing to keep in mind and to choose while creating erc20 token is,

Token's Name
Token's Symbol
Token's Decimal Place
No. of Tokens in circulation

ERC20 Token step by step creation Procedure

Step-1: After confirming the basic need, like the traits said before.
Step-2: Then start to develop the Code.
Step-3: Test the code and also generate smart contract for the token.
Step-4: Custom the token if it is needed.
Step-5: Verify source code.
Step-6: Deploy it & use it.

Thus, these are some basics overview of creation of ERC20 token.

ERC20 Token Advantage in Business Field

There are much more benefits to ERC20 token usage among the industry, some are listed below,

  • High index profit
  • Grab end-user attention by providing
  • Easy exchange
  • Universal transaction
  • Can protect your token wallet by private key
  • Used in ICO platforms too
  • Secured transaction
  • Interacts with other currencies
  • Makes asset interchangeable

Create Your Own ERC20 Token

Therefore, create your own ERC20 token with the leading ethereum token development company liken Developcoins who provide a complete guide about ERC20 token development services to their clients from the start to through out the process and also provide supports even after launching the token like updating or customizing or exchange or so on.

                           Create Your Own ERC20 Token!!

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