ERC20 Token Development
ERC20 token development services help to create an ERC20 token for a wide range of businesses and ensure a great experience for token users. At Hivelance, we professionally design, develop, and continuously support smart contract-enabled and feature-rich ERC20 tokens to aid in increasing efficiency and systematizing financial transactions, as well as lower administrative costs.
What is the ERC20 Token Contract?
ERC20 Token contract is the smart contract code logic that performs the fungible token operation. When a contract is deployed on Ethereum, it can be interchangeable with any tokens that have similar value. That’s why the ERC20 token standard is used in exchanging digital currency, the voting process, and crypto staking. Anyone can create ERC20 tokens and import them into Ethereum virtual machines.
Know more about different Token Standards - ERC721 Token Development | ERC721X Token Development
How to create your own ERC 20 token in Solidity?
Step 1 - Decide on the token's purpose and the number of tokens to be issued.
Step 2 - Select a platform to issue the token. Popular choices are Ethereum, NEO and EOS.
Step 3 - Create smart contracts for the token.
Step 4 - Test the smart contracts to make sure they work correctly.
Step 5 - Deploy the smart contracts to the blockchain.
Step 6 - Create a web page or landing page for your token.
Step 7 - List the token on exchanges.
Step 8 - Promote your token to potential buyers
If you have no idea to develop ERC20 on your own? Generate your ERC20 Token with us
ERC20 Token Development Company
ERC20 Token development includes three important stages. The first one is writing a smart contract code on solidity, the Second one is Defining the Tokenomics and the Third one is EVM deployment. As if you are developing ERC20 tokens on your own, you should be well-versed in figuring out solidity language and compiling functions. Otherwise, you will be in trouble.
Going for an ERC20 token development company can be a good choice in this case. Because they will check and audit the smart contract from every step. Hence, there are minimal possibilities for code vulnerabilities. Hivelance is one of the reliable ERC20 token development companies in the crypto market. We have deepened our process of token development in a more agile way.
Learn more about Token Development
ERC20 Token Development Services
We provide ERC20 Token Development services to create a secure, stable, and Exchange-ready ERC20 token. Our team consists of highly-skilled developers with years of experience in developing ERC20 tokens. We ensure to deliver a secure, reliable and scalable ERC20 token that can be used on various exchanges. Our development process includes the following services:
Token Creation
ERC20 tokens are tokens created on the Ethereum platform. They are commonly used to represent fungible assets such as currencies, stocks, and other digital assets. We can create a secure and robust ERC20 token tailored to your particular requirements. Our source code is developed from the Ethereum open-source code accessible online. Furthermore, you will be able to sell tokens, send them to other traders, or trade on renowned exchanges.
ICO Development
An ERC20 token ICO is a process of creating and selling a digital asset using the Ethereum blockchain. This type of ICO allows developers to raise funds for their projects by offering a digital asset with a fixed number of tokens. Investors can then purchase these tokens in exchange for Ether (ETH). We can not only assist you in creating your coin, but also help you create and execute a successful Initial Coin Offering (ICO) campaign to promote your tokens and raise funds for the project.
Token Wallet Development
ERC20 token wallet development is a process of creating a secure, reliable, and user-friendly wallet to store, receive and send ERC20 tokens. The wallets are secured with multi-factor authentication, private key encryption, and other security measures. The wallet also enables users to check their balance, track transactions, and manage their assets.
We provide you with a secure, dedicated crypto wallet for your ERC20 tokens according to your requirements, enabling your token holders and investors to manage their assets with ease and safety.
Token Transfer
An ERC20 token transfer is a type of digital asset transfer that utilizes the Ethereum blockchain. It involves the transfer of ERC20 tokens from one Ethereum address to another. The ERC20 tokens are created using Ethereum's smart contract technology, and they represent a form of digital assets, such as a utility token, a security token, or a stablecoin. When a transfer is initiated, it is recorded on the Ethereum blockchain, and the transaction is verified and executed by miners. The tokens are then transferred from the sender's address to the recipient's address. Tokens can be transferred to other users or online stores by users using the wallet app on their phones.
The Most Reliable ERC20 Token Development Solutions
Want to go for a highly functional and exclusive ERC20 token development to meet your business demands? Hivelance is the right place for you to create and launch your next-gen ERC20 token built with leading-edge technologies.
Being a leading ERC20 token development company, we ensure to build completely feature-rich ERC20 tokens for both startups and enterprises. Contact us today to assess your business demands and get some custom-made and innovative ERC20 token development solutions for your business needs.
Functions of ERC20 Token Development
ERC20 tokens should be designed with the following functions in order to scale.
1. Total supply
The contract contains the total number of token supply that is assigned. At the time of contract creation, the token supply value is given to EVM, and owner's address is credited with the whole supply.
2. Balance of
The balance of function dictates the remaining tokens present in the owner's address. For example, When all the tokens are bought through ICO, the owner's address tends to be zero.
3. Transfer
The transfer function represents that the ERC token is sent from the wallet address to the specific token address. The normal exchange of digital currency is done through this function. Reverse exchange is possible.
4. TranferFrom
This function can be similar to Transfer but here the specified number of tokens is transferred from a single address. The process is not reversible. A sender can only initiate the sending process.
5. Approve
Approve function checks if the spender has the right contract address to initiate a withdrawal function or not. The approve function is validated inside the contract to ensure the password is matching concurrently.
6. Allowance
The allowance function transfers the royal commission to the owner contract address when the specific number of tokens is sent to any address.
Benefits of ERC20 Token Development
1. Easy creation & code
The ERC20 can be easily coded by developers with simple logic functions in solidity language. The ERC20 token is the simple standard preferred by developers to facilitate ICO fundraising or any other applications.
2. Fundraising preference
Considering the security option in ICO fundraising, ERC20 tokens have been the investor's choice. Ethereum-based tokens are widely used by many fundraising projects so far.
3. Quick deployment
The code creation and compiling time is less when compared to any other token generation. ERC20 token includes a predefined set of codes that can be designed with any logo, token name, and decimal point of value.
4. Automatic transaction
The contract agreement validates the conditions and processes the transactions without any approval. Every logic is defined inside the contract so that it facilitates automated crypto transactions.
5. Easy interoperability
Token applications built with ERC20 standards can be easily accessed with other products and services easily. The interoperability nature is one of the biggest advantages of ERC20.
Popular ERC20 Tokens List
These are the popular ERC20 token examples according to the market cap and volume. The data is sourced from Coinmarketcaap.
- Tether (USDT)
- Binance (BNB)
- Uniswap (UNI)
- Aave (AAVE)
- Chainlink (LINK)
- Maker (MKR)
- Wrapped BTC
- Matic (MATIC)
- Apecoin (APE)
- Cronos (CRO)
Cost to Create Your Own ERC20 Token
The most important question asked by many founders is - What is the budget for ERC20 Token creation?
The cost of creating the ERC20 token is depending upon the type of method you are going to create. The easy way is approaching the right technical partner who had a reputed portfolio in developing ERC20 tokens. The hard way is hiring solidity developers, assigning them individual tasks, and cross-checking the final outputs.
By doing a genuine comparison, the technical partner is the affordable one with reliability. Because when you do it on your own, you must take up the responsibility from scratch. There may be chances for code vulnerability if you have no prior experience.
But in other ways, ERC20 Token development companies would have come across the obstacles and succeeded in it.
Why Choose Hivelance for ERC20 Token Development?
Expand your startup and business revenue with the top-notch ERC20 token development company, Hivelance, which offers flexible and feature-rich token development solutions and services based on client's requirements. Our pool of token development team can help you develop your own ERC20 token on the Ethereum blockchain network. Let our expert token developers turn your crypto and blockchain business dreams into reality with our high-end quality services.
Leverage the Power of Ethereum in All Stages of ERC20 Token Development
Hivelance is one of the industry-best token development companies that provide blockchain-oriented, result-driven, and tailor-made token development solutions to clients globally. Choose our best-in-class ERC20 token development services to get faster and seamless ERC20 token development solutions that are rich in performance, scalability, and technology.
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