Create own BEP20 token on Binance Smart Chain BSC is surprisingly easy. These tokens conform to a standard called BEP20, which is similar to the Ethereum standard ERC20.
Creating a BSC token is surprisingly easy. These tokens conform to a standard called BEP20, which is similar to the Ethereum standard ERC20.
The token standard ensures basic functionality for the token, such as transferring, returning a balance, viewing token ownership, etc.
You can view the API for BEP20 here. Keep in mind that BSC tokens can be swapped for “regular” Binance Chain tokens that conform to their own standard, BEP2.
Also, any transaction that occurs with these tokens on-chain will require a fee paid in BNB. This fee is compensation for validators for securing the network.
Let’s explore how to create these tokens below.
In this video we will create a BEP20 token on the Binance Smart Chain. It's a great way to write your first smart contract with Solidity.
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Binance Smart Chain (BSC) is known as a blockchain operating on mainnet, activating the blockchain in parallel with Binance Chain. BSC allows the creation of smart contracts for blockchain tokens associated with the Binance brand. Meanwhile, it also launched a brand new staking mechanism for the cryptocurrency of one of the world’s leading crypto exchanges — BNB. To further increase the utility of both Binance Chain and BNB, the introduction of a blockchain compatible with the Ethereum Virtual Machine — BSC is ready to be tested and piloted by some of the leading projects in the cryptocurrency industry. Based on the Proof of Staked Authority (PoSA) consensus mechanism, BSC creates an extremely diverse and rich ecosystem. This blockchain delivers many innovations thanks to its high performance and ample space benefiting a variety of parties including validators, token holders, developers, and users. During the DeFi (decentralized finance) revolution, as the community shows a growing interest in alternative financial solutions provided by blockchain, the timely presence of BSC has gained considerable attention from the Binance Chain community. Now, DeFi projects and the blockchain community can take advantage of the very best offered by Binance Chain, powered by smart contracts, cross-chain interoperability, and more thanks to the launch of BSC. The Binance Chain and Smart Chain communities welcome all developers and dApp projects to test this breakthrough arena. What is BSC FARM (BSC) | What is BSC FARM token | What is BSC token
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