How to create an ERC20 Token?

What is ERC20 Token

ERC stands for Ethereum Request for Comments. An ERC20 token is the digital tokens that can be used on the Ethereum Platform. Ethereum is a decentralized network that is able to support decentralized applications such as DApps that can be built on the existing Ethereum blockchain. ERC20 tokens can be transferred from one account to another as payment. Ethereum blockchain allows you to create your own token on various ERC standards. The Ethereum functions written by using the language called solidity. Ethereum and ETH tokens are stored in the digital storage space called Meta Mask.


Types of ERC20 tokens

• Equity Token
• Utility Token
• Asset-Backed Token
• Security Token

In order to create an ERC20 token, you need to note down the following things

• Token Name
• Token Symbol
• Token Decimal Places
• Number of Token is circulation
• Code of the contract
• Verify the source code

ERC20 tokens are using high-level contract oriented programming with solidity syntax.

These tokens are generated by using a unique name and symbol

Tokens are generated in the standards of ERC20 which can be integrated into any systems involving in Ethereum currency

This ERC20 token is taking a minimal cost and time to launch on the market.

The cost to create ERC20 token depends on a few things which include token features, token design, token platform, token testing, and distribution.

The range starts from $2k to $5k and it depends on the concerning ideas and how many tokens you need for your project. Some of the ERC20 tokens cost around $10,000 which can be integrated with smart contracts and also depends upon your standards and Scope of the projects. Most of the project owners try to make their tokens that can be listed on the different crypto exchange platforms such as Binance, Coinbase, CEX.IO and more.

Developcoins - A reputed ERC20 Token Development Company, that provides you the best ERC20 token development services along with several years of experience in crypto token development, Our token developers are highly skilled coders and marketers help the clients to create their own ERC20 token based on their requirements.

The service fee for ERC20 token is based on your requirements and the cost of the development depends on the number of services you hire and the number of features you want in your token.

Developcoins provides a wide range of ERC Token Development services which includes

• Token Creation
• Token Transfer
• Token Web Wallet
• Cold Storage
• Verify on Etherscan

Do you want to create your own ERC20 with Developcoins? Create Now!