Currently, Crypto Tokens have widespread usage in the Blockchain space. They are used for Trading, Exchanging funds, making sales & purchases, and governance purposes. So, Many organizations create their own standardized Crypto tokens for fundraising purposes. In general, the Ethereum blockchain network is the most preferred one for crowdfunding by startups for its efficient features. In the Ethereum blockchain, the most commonly used Token Standards are ERC20 and ERC721. Among them, ERC20 attracts more startups.
ERC20 is the Token standard used for creating smart contracts on the Ethereum Blockchain network. It holds value and is used in different applications. It also has several admirable benefits and features with it.
Reasons to create ERC20 tokens
- The primary reason for creating the ERC20 tokens is their popularity. Almost, 70% of the Tokens in the crypto space are ERC20 Tokens so it has the capability to attract more investors and raise funds quickly.
- ERC20 tokens can be instantly deployed without any hassles.
- They are Completely Decentralized.
- ERC20 Tokens figures out the problems with Ease.
- The smart contracts are built inside the ERC20 tokens, once done the assets are automatically transferred to the crypto wallet.
Now, Let us dive into “ How to create ERC20 Token for crypto crowdsale?”
Many cryptopreneurs will dream of creating their own feature-packed ERC20 tokens. They might search on the internet about How to create ERC20 tokens? Here is the answer to it. You can create it with 2 possible methods. The first one is you can create ERC20 token by yourself, It requires protocols to follow and the implementation of smart contracts. But if something goes wrong the entire process will be collapsed. The Second one is Connecting with the leading ERC20 token development company because they know the entire process and has a strong team of blockchain developers to handle all this stuff.
Hence, If you are interested to know the complete overview of ERC20 token development, its benefits, and features, then check the Article>>> ERC20 token development