BEP-20 Token Development Company
BEP-20 is a token standard on Binance Smart Chain that extends ERC-20, the most common Ethereum token standard. You can think of it as a blueprint for tokens that defines how they can be spent, who can spend them, and other rules for their usage. Due to its similarity to Binance Chain’s BEP-2 and Ethereum’s ERC-20, it’s compatible with both.
BEP-20 was conceived as a technical
specification for Binance Smart Chain, with the goal of providing a
flexible format for developers to launch a range of different tokens.
These could represent anything from shares in a business to dollars
stored in a bank vault (i.e., a stablecoin).
Of course,
one could equally create a native asset as a BEP-20 token, or even
peg tokens from other blockchains to make them usable on Binance
Smart Chain. This is what’s done with “Peggy” coins, which are
essentially BEP-20 versions of other crypto assets (such as LINK or
XRP).
Like BEP-2 tokens on Binance Chain, BEP-20 token
transfers are fuelled with BNB. This provides an incentive for
validators to include the transactions in the blockchain, as they’ll
collect the BNB as a fee for their troubles.
You may know
that Binance Smart Chain was envisioned as something of an extension
to Binance Chain. With dual chain architecture, both chains are
complementary – Binance Smart Chain caters to decentralized
applications without congesting the original chain, which is
optimized for ultra-fast trading.
Because of this
architecture, heavy emphasis was placed on cross-chain compatibility.
For that reason, BEP-2 tokens can be swapped for their BEP-20
equivalent. The easiest way to do so is perhaps via the Binance Chain
Wallet extension, though more methods will undoubtedly emerge over
time.
For a more detailed look at the BEP-20 standard, be
sure to check out the draft proposal on GitHub.
Installing
and setting up MetaMask
MetaMask
can be downloaded on Chrome and Firefox, or on iOS and Android if
you’re a mobile user. For the purposes of this tutorial, we’ll
use the Firefox version, but the instructions will be more or less
the same for every platform.
Firstly, you’ll want to
head over to the MetaMask Download page. From there, select whichever
platform you’re using, and follow the steps to install it on your
device. Easy!
Next, follow along with the setup specified
by the app. Go ahead and click Create a Wallet. Write down the backup
seed phrase somewhere secret (preferably not on an Internet-connected
device). Without this phrase, your funds can’t be recovered if your
device is damaged or lost. Confirm that you’ve written them down on
the next page.
And that’s it! You should now see your
wallet, ready to send and receive funds.
We
will create BEP20 Token on Binance Smart Chain Network. You will get
BEP20 Token with source code in separate file with 100% ownership.
BEP20 token supported by trust wallet, metamask, math wallet
etc.
What
are BEP20 Tokens?
BEP20 represents a token standard that is on the Binance Smart
Chain 108. BEP20 is similar to ERC20 11 tokens that are issued and
implemented on the Ethereum 11 blockchain. Binance Smart Chain is an
Ethereum Virtual Machine-compatible blockchain, that allows DeFi
projects and the other blockchains to participate in cross-chain
interoperability.
You
can check BscScan.com for projects that have already started
utilizing Binance Smart Chain.
Where
we can trade Bep20 Token:
You can start instant trading on some dex and all cmc supported cex
support binance smart chain so exchange listing not issue.
Contact Information
26, 49th Avenue, Ashok nagar, Chennai – 600083.
For more details please contact us
+91-9840566115
https://www.mlmsoftwaretamilnadu.in/
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