In recent years, Ethereum is the most used token development platform and specialized for its top-notch smart contract functionality. Ethereum has different types of token standards in the marketplace. But one standard has more prominence among the investors and startups. One such prominent ethereum token standard is ERC20. Ethereum request for comments (ERC) is a protocol running on the top ethereum blockchain.

Ethereum provides high-end flexibility & security together which makes the token development service extremely beneficial for startups and entrepreneurs. When it comes to token development, most people prefer the ERC20 token development service. Because ERC20 tokens are fast & secure and it can be interchanged with other ERC20 tokens.

**(Note - Most people prefer the ERC20 standard of the Ethereum blockchain to create their crypto token). **

This guide navigates you to the essential elements that you must know in ERC20 token development. Let us begin this exciting guide with…

What is ERC20 Token?

ERC20 Token is a crypto token that is completely created using the powerful ethereum blockchain. These ERC20 tokens are a blockchain-based asset with similar functionality to Ethereum. This token can hold value and is used for transactions and other payments. ERC20 is an ideal standard for proposing improvements to the Ethereum network. ERC stands for Ethereum Request for Comment. ERC20 is a common standard for creating tokens and it defines a set of rules that apply to all ethereum-based tokens.

The significant difference between ERC20 tokens and bitcoin is, ERC20 tokens are developed and deployed on the Ethereum Blockchain. whereas Bitcoin is created on its own blockchains. In general, ERC20 tokens are mostly used for raising the funds quickly and securely. You can also create such types of crypto tokens for your fundraising with the help of the finest ERC20 token development service.

Popular ERC20 Tokens in the Marketplace

By using this ERC20 standard, some popular crypto tokens are available in the crypto marketplace. Such as

1. EOS
2. Zilliqa
3. Bytom
4. VeChain
5. OmiseGO
6. Zilliqa
7. Aeternity
8. ICON

These are the popular tokens that are developed under ERC20 standards.

Reasons to Create ERC20 Tokens

1. Ethereum Tokens can be quickly deployed on the ethereum blockchain in a hassle-free manner.
2. ERC20 tokens are completely implemented on smart contracts & executed in a decentralized manner on Ethereum Virtual Machine(EVM).
3. ERC20 tokens help to figure out the problems with the different tokens they manage.
4. This type of token is the first specification to provide Ethereum token standardization.
5. ERC20 standard has become the specified token standards in the blockchain industry. It is due to the popularity of ERC20 tokens in the marketplace.

Thus, many budding startups and businesses prefer ERC20 token development services for creating their crypto token. Now, you may have a question like: How to Create an ERC20 token?. The answer is, if you are a tech expert, then you can create it by yourself. Else, you can connect with the leading ethereum token development company that has well-skilled and experienced ethereum token developers.

Now, let us see…

Desirable Features of ERC20 Token Development

Here is the list of peculiar features that you can get in the top-notch ERC20 token development service.

1. ERC20 Contact generation
2. ERC20 token wallet app for web, android, ios,
3. Setting Initial Supply
4. Setting No of Issues
5. Setting Fractions
6. Deploy Contracts
7. Generate Tokens
8. Validate Contract
9. Security mechanisms

Advantages of the Best ERC20 Token Creation Service

1. You can get fast and secure token transactions
2. Confirms the token transaction in an effective manner
3. Implementation and Execution of ERC20 tokens will be easy
4. You can get the ideal customer support from the ERC20 token development service provider
5. Your ERC20 tokens will get high liquidity.
6. Reduce the risk of contract interruption
7. Ethereum token transactions are hassle-free.

You will probably get an ERC20 token wallet app after creating your ethereum-based crypto tokens.

How to Create ERC20 Token

If you come across things like create your ERC20 token all by yourself in one hour or one day, kindly ignore those. Because, you can create an ERC20 token in one hour, but think about its credibility. Here, I want to indicate the nicest proverb that will prove the above words – “Rome was not Built in a Day.” If you want to build Rome, then you can continue to read.

Before you make Tokens, you need to decide whether your project is in need of an ERC20 Token. Since there are already other Ethereum based token standards such as ERC23, ERC621, ERC721, ERC 827, etc. Make sure you need to go with an ERC20 token. For ERC20 Token Creation, you need to follow certain criteria which is listed below:

1.Language:

You can create your desired ERC20 token with available languages that include

Mutan: Similar to Go Language
LLL: Lisp Like Language
Serpent: A Python Language
Solidity: A Javascript Language

You can select the language and get started with coding the smart contracts. Test the Smart Contracts with the Etherscan verification. Validate the tokens and check if they are working well or not. Finally, you need to deploy the code in the Ethereum Blockchain.

If you are good at programming, you can choose any of these desired languages. Anyhow, this can be a daunting task and would require an ample amount of time for development. You can get in touch with a solution provider like us to get a customizable ERC20 Token of your choice.

While developing an ERC20 Token, it is important that it is in compliance with the ERC Token Standards. To remain compliant with this standard, you need to have the following:

2. Token Name

It depends on certain factors:

1. Available number of tokens for sale
2. Ability to get wallet balance
3. The functionality of transferring between the wallets
4. Once the token is created, your Smart Contract will store all the information on it which can be beneficial for the future. The token can be utilized in different ways where one can be traded, spent, or given away.

How Much Does it Cost to Develop an ERC20 Token for Your Business?

The cost of creating an ERC20 token plays a major role and it depends on some of the crucial factors. Such as

1. Features of token
2. The design of the token
3. Number of tokens
4. The complexity of the token
5. Size and location of the ERC20 token development team
6. Token testing
7. Distribution

We can not predict the exact cost to create an ERC20 token. But approximately ERC20 token development ranges from $5k to $6k including ERC20 token wallet app for web, android, and IOS. However, the development cost might vary as per your business requirements.

**(Note: It is essential to pick a professional ERC20 token creation service providing company for creating the ERC20 token. One such professional development firm is Zab Technologies.) **

Why to choose Zab Technologies For ERC20 Token Development?

Zab Technologies, an award-winning ERC20 Token Development company in the blockchain space. Being a leading ERC20 token development company, Zab technologies offers all sorts of Token development services with impeccable outcomes and they help startups & enterprises to create their own ERC20 tokens. They have an experienced team of skillful token developers with in-depth knowledge in developing and deploying ethereum-based crypto tokens. They are specialized in developing ERC20 token wallet mobile apps for all major platforms like web, android, and IOS. Apart from this, they also excel in offering reliable blockchain services like ICO development, IEO development, Crypto exchange development, and more at an affordable cost.