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How To Create BSC Token

You must have invested in many crypto tokens but do you know that you could develop your own token that bears any name that you want? You probably think that developing a token is a complex task and requires programming skills. You would be surprised to know that you can create a token within 10 minutes without any special skills. Lets see how that is possible.

What is A BSC Token?

Binance Smart Chain (BSC) is a smart contract enabled blockchain. BSC tokens use the standard BEP-20 which can be linked to Ethereum ERC20 framework. The major reason why people prefer to develop BEP-20 tokens is that it is very cheap compared to developing tokens on Ethereum blockchain. Also, it has fast a transaction time. So, if you want to create a token on Binance Smart Chain, you will use BEP-20 token standard.

Now lets start and create our first own BSc token.

Creating A BEP-20 Token on Binance Smart Chain (BSC)

As mentioned earlier, the process which we will discuss here is very simple and does not require any programming skills.  We shall use TokenCreate to create the BEP-20 token. Before you start, keep in mind you need to have BNB in your wallet to pay for the transaction fee. This fee is used by the validators to confirm transactions.

Step by Step Process:

1-Open the site https://cointool.app/createToken/bsc on your computer

2-Fill out the required details in the form which is shown on your screen.

3-You will need to provide the following information

a)Token Name : the name of your token

b) Symbol: The Icon of your token

c) Initial Supply: How many token you need to have in your supply. Mention it here.

d)Decimal: The number of decimal places each token can be divided into. In most  cases  you will put 18 here.

Then there are few check boxes in “Other Config” section

         Can Burn :- You can enable it if you want to burn your coins in the future to decrease the supply of the token.

         Can Mint:- Enabling this option will allow you to increase the supply later in addition of the initial supply.

        Can Pause: If enabled, you can pause the token blockchain in case there is any vulnerability or any hack attack.

4- Once all the data are filled, you will click on Create Token and approve the transaction. For this, you should have Meta Mask installed on your system, configured with Binance Smart Chain (BSC) and containing some BNB to pay the transaction fee.

5- When the transaction is confirmed, you can see your BSC tokens on the BSC smart chain explorer (https://bscscan.com/)

Congratulations! Now you own your own BSC token. You can share it with your friends and family.

 

 

 

 

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