ERC20 token development - How is it identified as the most preferable token standard for ICO?
Tokens are digital assets that play a major role in ICO. Unfortunately, this is one of the many hidden factors that most of us ignore. The tokens are a vital asset that could help you in attracting investors. In short, the token standards you choose for your ICO have the capability to decide the outcome of it. So, it will be a wise decision to do some research on the token standards before working on it.
When it comes to token standards, ERC20 is duly noted as the best performer. It is identified as the most preferable token standard for ICO. ERC20 token development has proven this both in the past, now, and has a high possibility in the future. As a leading token standard, ERC20 has satisfied all the requirements that a token standard should possess for a successful ICO. The requirements includes,
- Token being developed in a popular blockchain platform. Ethereum - The blockchain platform where ERC20 tokens reside. Ethereum is the second most popular blockchain platform. This popularity will help you in attracting more investors.
- The popularity of the token - ERC20 is the most popular token standard. Technically speaking, almost 70% of the tokens in the marketplace are ERC20 based. Crypto enthusiasts, who can be potential investors, will make a note of these facts. Won’t it be wise to attract these kinds of investors?
Apart from these, ERC20 tokens have outstood many other token standards including BEP20, TRC20, and even the other Ethereum token standards. ERC20 token development now seems to be a wise decision, isn’t it?
How to create your own ERC20 token?
The token creation process requires a smart contract implementation to function. It is written in solidity - a special language and not quite easy. It requires high expertise to implement. You can find an ERC20 token development company to fulfill your requirements. There are many companies out there that can provide you with ERC20 token creation services. So, it is better to do some research before choosing the best one. Let me share a piece of my mind that I found through my research. Zab Technologies is a renowned blockchain development company providing ERC20 token creation service. They have well-trained experts to guide you on the right path. To make things spicier, along with ERC20 token development, they provide you with crypto wallets. You can also avail a free demo. You can contact them and learn the cost and how to create ERC20 token.