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How to build a BEP-20 Token. Detailed guide

Binance

Cryptocoins Exchanges / Binance 205 Views

Hi, r/binance community!

If you have ever been curious about launching your very own token on the Binance Smart Chain, in that case, that specific token will need to follow what is known as the BEP-20 token standard. Creating a token on the Binance Smart Chain might not be as difficult as you initially thought it would be, and today, we are going to go over just about everything that you need to know when it comes to building your very own BEP-20 token. Pay close attention to each step of the way, so you do not make any mistakes and can successfully build your own tokens. Before we can discover how to create a BEP20 token, we will need to go over what the token is first. BEP-20 is essentially a token standard that is specifically developed for the Binance Smart Chain, which is an extension of the ERC-20 token standard, a standard typically utilized within the Ethereum blockchain network.

If you are curious what does BEP20 mean, the BEP-20 token standard was developed as a technical specification for the Binance Smart Chain, with the main goal of ensuring that there is a flexible format through which developers can launch a range of different tokens, which can essentially represent anything, from shares within a specific business, to dollars which get stored within a bank such as stablecoins for example, and this list goes on. Developers can create a native asset as a BEP-20 token as well, or peg tokens from other blockchains as a means of making them compatible as well as usable with the Binance Smart Chain.

So, to create a token you need to:

1) Code the token 2) Deploy the token 3) Verify & publish your BEP-20 token 4) Import your token to MetaMask

Dive in If you got interested in a more detailed explanation of each of the mentioned steps about creating a BEP-20 token

submitted by /u/NOWNodes
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