Generally, a Token is a traditional word used to mark the identification of something. But today if you ask someone what a token is about means? Well, they reply just like “That’s a type of cryptocurrency”. This shows how Crypto tokens are popular right now.
Reasons to Create Cryptocurrency Tokens vary across different individuals. Some do it to generate money while others utilize the tokens to develop and launch their products or services in the blockchain realm.
If you’re in search of wanting to create Crypto tokens or just want to learn more about Token Development services? Well, you’ve entered the right site.
You can able to learn various Token Development Services in this blog. Before getting into that let me give you some intro about Token Development.
What is Token Development?
Token Development is the process of turning common digital assets or physical assets into Crypto tokens on a Blockchain Network. But, What does it actually mean to transform physical assets into digital ones?
As you might expect, it is not actually possible to turn a physical asset into a digital entity. Accompanying data such as asset ownership details which is converted and added into a blockchain in a digital form. Typically, this procedure is Tokenization.
A normal indivisible asset like real estate can divided and traded by tokenization process. For example: a worth of USD 100,000 house can actually divided into 100,000 tokens, each token worth USD 1 and equal to around 0.001% of the property’s ownership.
Crypto Tokens can also used for making payments as well as to enable Peer-to-Peer (P2P) transactions between participants. Basically, it is simple and incredibly safe to transfer ownership of specific physical items using crypto tokens over the blockchain network.
Generally, there are three types of digital assets that can be tokenized including Intangible assets, Fungible and Non-Fungible Assets.
Advantages of Token Development
Here are some of the main advantages of creating your own token in case you’re unsure why you need it or whether tokenization is suitable for you.
Improves Liquidity
Tokens are divisible ones that can easily sold and traded on a blockchain network which available to everyone. Your assets become more liquid and exchangeable for cash if you tokenize them.
Enhanced Security
Your funds are significantly kept safer in a crypto wallet as opposed to a physical safe because these wallets provide high levels of security with simple payment and transfer processes.
Multi-Asset Support
Supports copyright and other intangibles along with fungible and non-fungible assets which are among many different types of digital and physical wallets.
No need for an Intermediary
A significant intermediary fee will be incurred when trading conventional assets like real estate. This fee is eliminated through tokenization because there is no need for an intermediary in cryptocurrency transactions.
High-Efficiency
Token Development is currently with technology advancements and may help to keep your company at the forefront of the competition with cutting-edge features and increased efficiency.
Token Development Types
In order to develop your crypto token, you must make the appropriate choice of token based on your requirements and objectives. Here are the major types of available crypto tokens…
- Utility Token
- Security Token
- Equity Token
- Reward Token
- Currency Token
- Non-Fungible Token (NFT)
Top Token Development Services
Choose a crypto token development company that has significant experience in creating a specific type of token that you want to build. Zodeak is a reputable blockchain development company with several years of experience in creating all of the above-mentioned crypto tokens.
With all the most recent features, our token developers quickly create your ideal token. For all of our token-creating services, we offer lifelong support. Our Token Development services are…
- Token Creating Service
- Token Platform Development
- ERC20 Token Development
- BEP20 Token Development
- Metaverse Token Development
- NFT Token Development
- Defi Token Development
- TRON Token Development
- Cardona Token Development
- Solana Token Development
- Polygon Token Development
Among this list, ERC20 and BEP20 tokens are the most popular and highly beneficial ones. Let me explain those tokens in detail…
ERC20 Token
ERC20 is kind of a token that operates on an Ethereum Blockchain. Although they are comparable to Bitcoin, they also differ significantly. ERC20 tokens are more cost-effective to utilize because they are not subject to the transaction costs associated with Bitcoin.
Using the ERC20 standard the ERC20 Token is created which is a collection of guidelines that specify how the ERC20 token ought to operate. These regulations also cover matters such as how tokens are created, transferred, and burned.
The use of ERC20 Tokens contains various advantages. Basically, they are pretty secure to start. Ethereum-based Blockchain technology protects the ERC20 token which is one of the most secure blockchains in the world.
ERC20 tokens offer a lot of flexibility and they can stand in for a wide range of assets including actual products, stocks, bonds, and digital currencies. It provide high liquidity which means they are useful investments because of their simple process of buying and selling on exchanges.
If you’re willing to create your own ERC20 Token then you must do two things. First, choose the feature of your token and then make a marketing plan. After you have completed these things, then you can start the creation process of your ERC20 Token.
BEP20 Token
BEP20 Token is a particular class of digital asset that functions on the Blockchain network which is the Binance Smart Chain (BSC) created by Binance. The word BEP20 refers to the token standard utilized within the Binance Smart Chain which is much like how the ERC20 refers to the standard for tokens on the Ethereum Blockchain.
This token standard specifies a number of guidelines and requirements that BEP20 tokens must adhere to. Within the Binance Smart Chain Ecosystem, these regulations control the creation, transfer, and interaction of tokens with other smart contracts. By guaranteeing uniformity and interoperability among diverse BEP20 tokens, the standard facilitates their seamless trading and exchange across a range of platforms.
BEP20 tokens have a number of benefits such as interoperability with many decentralized applications, minimal transaction costs, quick confirmation, and compatibility with the Binance Smart Chain ecosystem. Because of their affordability and effectiveness, BEP20 tokens have grown in popularity and are now a viable option for users and developers on the BSC network.
NFTs and other blockchain-based applications such as Decentralized Finance are all growing in popularity, ERC20 and BEP20 tokens are only two of the numerous developments that make this possible.
Final Thoughts
We Zodeak is a prominent Blockchain development company in the market with having innovative team of developers who have much experience in all types of Token development services for all businesses globally. Experts in offering services for creating crypto tokens on major blockchain platforms such as Ethereum and Binance Smart Chain. We help you in creating an ERC20 and BEP20 Token Development with a tonne of features for a reasonable price.
According to the needs of our client’s businesses, our team of knowledgeable blockchain developers can finish projects on time. Choosing Zodeak is the best option for token generation for budding business owners who looking to enter into the crypto field in order to support the expansion of their enterprise. Because we respond to clients’ queries very quickly and offer 24/7 online customer and technical assistance.
Feel free to contact us and create your preferred crypto token with us to reach great heights!
