Create TRC20 tokens for crypto business

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

Create TRC20 tokens for crypto business

Post by JohnWalder » Thu Sep 23, 2021 8:56 am

TRON blockchain has emerged into a dynamic position in recent years. TRON provides high transaction speed at a low cost when compared to Ethereum. This particular factor attracts investors towards TRON. Speaking of TRON Blockchain, if you are a startup and looking to raise funds with your ideas, you can go for launching an ICO using TRON tokens. With TRON tokens, you can raise funds in a hassle-free manner. Fortunately, TRON has three token standards so that you can create the token that suits your business.

TRC10 and TRC20 are the fungible token standards whereas, TRC721 is the non-fungible token standard. TRC20 is the most recommended token standard for fundraising as it is highly fungible similar to the ERC20 token standard. It also has high transactions per second compared to ERC20. There are certain things that make TRC20 more efficient:

No commission- The main reason for TRC20 to have the upper hand over ERC20 is, it requires less commission fee even for its high transaction speed.

High Bandwidth- TRC20 has high bandwidth and energy when compared to TRC10.

Transaction cost- Although TRC20 tokens are similar to ERC20 tokens, the transaction cost and speed vary. TRC20 tokens can transact faster at a low cost when compared to ERC20 tokens.

With all these features, the TRC20 token standard can help you sell more tokens in the ICO. Creating TRC20 tokens is easy. If the development part does not include any smart contracts, then It is a piece of cake. If you are launching an ICO, you may require technical and business assistance from a TRC20 token development company. They can provide you with end-to-end token development services at budget-friendly costs.

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