Developing Your Own Ethereum Based Token The concept of Blockchain brought enhanced features with the extending demand to create unique tokens. Thus, to facilitate the services of coin development, Ethereum, Tron, and Binance took up the space. This is why most of the Tokens currently developed in this world are based on Ethereum. Also, this platform offers its users extensive features like scalability, uniqueness, transparency, and faster transactions. Ethereum is the most effective Blockchain development platform and if you get your token development on Ethereum your coin will profess in the market space.
Ethereum-platform developed coins known as ERC-20 offer faster transaction speed, scalability, and are customizable according to need. This platform uses a Smart Contract algorithm that can code any detail with the highest security. Users also use Smart Contracts to store details as a medium of backup. So, if you need to develop your token on the Ethereum platform, just like ERC-20, you need to understand its benefits.
Why is the ERC-20 Token Standard Attractive? ERC-20 built on Ethereum protocol are attractive and successful. Thus, several factors are inherent and these conditions must be understood by you, as in:
1. Ethereum coins are simple and easy to deploy on Blockchain, 2. The ERC-20 token standard offers the blockchain-based marketplaces and crypto-wallets a singular standard set of commands. These commands make it easy to communicate with other tokens that are present on the exchange platform. This is why tokens are easy to swap and transact with various other different tokens, and, 3. It is the most popular Ethereum token standard. Though it was not the very first token development standard, yet it is the popular one.
Just like ERC-20 tokens, other Ethereum coins are also made with Smart Contracts and are executed over the Ethereum Virtual Machine (EVM) in the form of decentralization.
Relative Method to Develop Ethereum Based Token So, it’s now clear to you what Ethereum tokens are like ERC-20 tokens, but now you just want to understand who will develop your Ethereum tokens. So, we will help you to understand the development process as facilitated by Awapal Solutions. Awapal is the best customizable Software Development Company in USA with professional in-house developers. They can make your token with the specific features and required conditions within the speculated timeframe.
Also for the development of Ethereum token, a team of Front-end developers, Back-end developers, Designers & Marketing, and Support is deployed. Due to an experience of over 9+ years of global project development, they can develop your coin with the right standards.
So, to develop an Ethereum based token you need to follow through the necessary steps as mentioned in the next sections.
Ethereum Token Development Process
The Ethereum based token development process is not a big task. Being a client you can take the help of Token Development Company. Thus, now you have to understand the development process through the following steps:
Requirement Gathering This is the initial stage where you need to focus on sharing your knowledge and development ideas with the development team. You need to sign an NDA contract which will keep your idea safe with the company. You need to also tell them the features that you want to attach to your project. The team will then provide you with the right solutions and how you will be benefited in the future.
Prototype Development This is the second phase, where you will get a prototype developed by the team. They will give you a template that will make your development model right for your requirements. You also need to help correct all the things that are misplaced and the features that should have been included. You need to keep an eye over their prototype, as the template will be your final token and it must be unique.
Token Coding Coding a token is the final step of the development process. Here the developers who are also known as blockchain developers will use Smart Codes to develop your token. These codes are unique and can only be used and understood by
blockchain developers as they are proficient in developing simple to complex codes. They will also integrate your coin with available security coding’s.
Website Development With the development of tokens, you will also get a website developed by the developers. As it is the website that will help your idea and Cryptocurrency business reach a maximum number of people. The website and token development require a Front-end developer team to create its unique visibility over the digital platform. Whereas Backend developers will code the data into the system. The marketing team helps to uplift your platform reachability and gather a targeted audience from the World Wide Web.
Crypto Wallet Integration Digital Crypto Wallet inclusion is done with the help of blockchain technology developers. A Crypto Wallet is a hot wallet that works with cross-platforms and stores as many coins as you want. You can also deposit any amount in a Crypto Wallet and that amount can be transacted with any Cryptocurrency at any time.
Listing Listing is a process of listing the developed Ethereum based Cryptocurrency on the various exchange platforms like Pancake Swap, Binance Exchange Platform, WazirX, Zebpay, and others. This method is also assisted and completed by the Cryptocurrency development company. You can get your coin listed by them
without any extra costs. This will make your coin reach a maximum number of users within a go.
Quality Testing This is an inherent process for software development companies, as they help users to get fully functional software. They keep on testing the quality of the developed software on various conditions and also they test the software on cross-platforms. This helps the client to deploy software within the stipulated time and without any bugs.
Deployment This is the final stage where you will be getting the software with fully functional capabilities. At this stage, you will also have to pay the token development company the full amount. Then you can take your product either on the domain that you have or get a domain developed by them.
Wrap Up We researched and brought out all the right solutions that you want for your Ethereum based Token development service. As Ethereum is an open-source yet most used protocol for the development of any token, you can take advantage of this. A token development company will help you out with the right software development solution, thus we have also integrated their name here. You can either get your token developed from them from scratch or from clone scripts.
This is why the Token Development Process is unique and has the most opt solutions worldwide.
Reference Url: https://medium.com/@awapalsolution/developing-yourown-ethereum-based-token-1202b498c7a0