Why should you create BEP20 Tokens for Fundraising?

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JohnWalder
Posts: 9
Joined: Thu Sep 16, 2021 7:21 am

Why should you create BEP20 Tokens for Fundraising?

Post by JohnWalder » Tue Sep 21, 2021 8:50 am

Crypto tokens are created for many purposes. Be it launching an ICO or issuing tokens to your ecosystem. You’ll be requiring crypto tokens that must be familiar with the crypto investors. One of the popular Blockchain is Ethereum. It has many crypto-token standards like ERC20, ERC721, ERC777, ERC223.

Out of which the popular crypto token standard is ERC20. It is a technical token standard requested by ERC for issuing fungible tokens. Same as that Binance smart chain has launched a crypto token standard similar to the ERC20 token standard.

The Fungible token standard in the Binance smart chain is BEP20. They have become popular in a short span. Investors prefer to buy tokens that provide high transaction speed at a low cost. Along with the technical similarities of ERC20, BEP20 tokens are fast, cheap, and efficient.

So what now? Want to create your own BEP20 tokens?

Well, before creating BEP20 tokens, take a look at the advantages of creating one.

ICO Crowdfunding: BEP20 tokens are highly popular and easy to create. This factor makes it easier to reach among the investors, which proportionally attracts more investors.

Transaction speed and cost: BEP20 tokens are developed on Binance Smart Chain, which provides high transaction speed at a low cost. This feature might also attract more investors.

Hassle-free: When compared to traditional funding, crypto funding is way better as it is completely secured. And when it comes to the BEP20 token, it provides the safest mode of transaction and storage. Thus it is more trustable when compared to other tokens.

Popularity: An American-based company has recently managed to raise funds up to $100,000 through BEP20 token fundraising. Do you think that they could've managed to raise such huge funds traditionally? The answer is an obvious no. And how could someone raise such funds so easily? It is because of the popularity of the token standard. BEP20 has earned its popularity in a short span.

Now that you have learned the factors that you can go ahead with creating your own BEP20 tokens for fundraising. But it is quite difficult as it involves developing smart contracts and many more technical factors. So you can consult a BEP20 token development company that can provide you with the related services in a professional manner.

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