In the ever-changing landscape of blockchain technology, there are some ground-breaking innovations in the crypto world. It has fostered many blockchain-related products, such as cryptocurrencies, crypto coins, and crypto tokens.
Among them, crypto tokens have gained the attention of investors because of their use cases and prospective advantages. Studies have reported that many startups have turned their businesses profitable through crypto token development.
Undoubtedly, it requires effort, yet investment in creating crypto tokens helps you generate profits if done in the right way.
So, to help crypto enthusiasts and investors, we have curated a full-fledged blog about crypto token creation. Also, we have discussed the top 6 platforms for crypto token development.
Let’s begin the blog with…
What is crypto token development?
A crypto token is a form of digital asset that holds some value and can be used for various purposes. With them, you can raise funds, reap capital for your existing business, or trade them on crypto exchange platforms.
Because of its huge profit-earning capability, most crypto investors and traders have been creating and utilizing them for several purposes.
A crypto token is created using smart contracts that reside on the blockchain and are maintained securely.
Best Platforms for Crypto Token Development
Now, let’s take a look at the top crypto token development platforms!
- Ethereum
Ethereum is considered one of the best blockchain platforms in the cryptosphere. It is a decentralized blockchain that is used for developing dApps, token creation, and more.
The Ethereum token development platform can be used for creating fungible, non-fungible, and semi-fungible tokens.
Basically, Ethereum has separate tokens for creating the types of tokens mentioned above, which include ERC20, ERC721, ERC1200, and ERC1155. Here, ERC is an abbreviation that stands for Ethereum Request for Comments, and the digits following it are regarded as their proposal identifier.
- Tron
Tron is a prominent blockchain platform that is used for creating entertainment-based tokens. Well, it is an open-source blockchain that has some advanced features and functionalities used for creating dApps.
Tron is specifically well-known for its cryptocurrency, which is referred to as Tronix or TRX. Its main aim is to expand dApps, which makes it easier to create and deploy tokens. It follows some token standards, which include TRC20 and TRC721.
- BNB Chain
The BNB chain platform focuses on increasing interoperability and offering the world’s first parallel virtual environment.
If you’re looking to create a cost-effective token, BNB Chain is the ideal crypto token development platform. That’s the reason it is considered the best blockchain platform after Ethereum.
Some of the most popular token standards for creating crypto tokens on the BNB chain include BEP20 and BEP721.
- Solana
Solana is yet another popular blockchain that helps provide an effective user experience. Any dApp can be created and accessed on the Solana blockchain. Some merits include high censorship resistance, high scalability, greater transaction speed, interoperability, and more.
All token standards of the Solana blockchain come together in an SPL, or Solana Program Library. This interface is used to create, issue, and transfer Solana tokens that are distinct from other token development platforms.
- Polygon
Polygon is one of the best blockchain platforms for crypto token development because it adds more scalability to any Ethereum blockchain. It aims to solve all issues or bugs found on the Ethereum blockchain, which makes it stand out amongst the rest.
In simpler terms, Polygon offers higher scalability and an easy framework to build tokens.
In its initial days, Polygon was regarded as a Matic network, but it changed its name and introduced some enhanced features. Any newbie can easily create tokens on this blockchain platform.
- Waves
The Waves blockchain platform makes it easier to develop a customized and user-friendly crypto token. Additionally, Waves has exchange platforms that allow traders to trade with other tokens easily.
Moreover, dApps can be easily developed on this blockchain. Also, the price involved in creating wave tokens is comparatively low as compared to other blockchain platforms, and thus, it is considered the most cost-effective platform in the crypto sphere.
Which is the Crypto Token Development Company?
Undoubtedly, blockchain technology is evolving rapidly with new features and advancements.
As mentioned in the blog above, there are many platforms for creating crypto tokens. But we’ve listed out the best six crypto tokens among them. Go through them and choose one wisely for creating your token.
Other than that, crypto token creation is a tedious process. To learn the process, check out our blog, How to Create a Crypto Token on Blockchain.
That’s why you must choose a reputable token development company to help you create your token.
Coin Developer India is a leading crypto token development company that has a pool of token creation developers who deliver the best token development services to their partners. So, whatever your needs and requirements, get in touch with them today!
Contact: +91 7240607737
