How to Create a BEP20 Token on BNB Chain [Step by Step Guide] – CoinCheckup | BinanX News

The blockchain world is constantly changing and Base blockchain has quickly become an attractive option for those who want to create and launch tokens. As an Ethereum Layer 2 solution, Base stands out for its low fees, reduced congestion, and the security benefits of EVM support. As a newer blockchain, it offers early adopters the opportunity to establish themselves in a growing ecosystem.

This guide will cover everything you need to know about creating a token on Base, from understanding what Base tokens are to launching your token with no coding knowledge required.

Understanding the Basics of BNB Chain Tokens

Creating projects on the blockchain requires advanced programming skills, particularly in Solidity, a native BNB Chain programming language. People needed to be experts in BEP20, the asset standard, which limited many Web3 enthusiasts to being participants rather than creators.

However, the rise of easy-to-use dApps like Smithii has removed these barriers. Now, anyone can create BEP20 tokens without coding or spending hundreds of dollars.

Why choose BNB Chain to create your own token?

BNB Chain (formerly Binance Smart Chain) is a top-tier blockchain for launching tokens and offers several advantages:

• Low transaction fees
• Scalability and speed
• Security and compatibility
• Robust ecosystem

Create a BEP20 token on BNB Chain step by step

Thanks to easy-to-use tools, you no longer need to be a developer to create a token. Platforms like Smithii Tools offer a BNB Chain Token Generatorsimplifying the process for those who want to create a meme currency on that blockchain.

1. Go to Binance Token Creator by Smithii Tools and connect your wallet
2. Type the name and symbol you want to give your meme token.
3. Define your token supply.
4. Optional: Set a tax for the transaction
5. Click Create Token, accept the transaction and wait for your meme coin to be in your wallet.

You can create your BNB Chain meme coin for 0.19 BNB instead of hiring a developer to do it for you. You can also configure advanced features like multi-wallet distribution, airdrop mode, anti-bot and anti-whale.

With “multi-wallet distribution” you can distribute your token supply to different wallets within the creation (maximum 10).

By enabling “Airdrop Mode”, you will prevent users from sending or exchanging your token until you disable it.

With “Anti Bot” you will be able to limit the actions of snipers and bots in your token’s liquidity pool, as it will limit the amount of time between transactions per wallet.

“Anti Whale” is an exceptional feature that will allow you to set a limit amount that a single wallet can buy/sell, a time limit between buy/sell transactions of a single wallet, a limit on the number of tokens a wallet can Hold down and best of all, you can set a total number of days that the anti-whale mechanism will activate, allowing you to protect your token from an exploit during the first few days of launch.

For a more complete guide, see this video tutorialwhich offers a detailed preview of the steps required to create a new meme coin.

BEP20 Token Applications on BNB Chain

Companies and organizations leverage BEP20 tokens for various purposes. Some of the most common use cases include:

Asset Tokenization: BNB Chain tokens make it easy to convert physical assets, such as real estate or artwork, into digital tokens. This process makes these assets easier to trade and more accessible to a broader audience of investors.

Governance: Organizations can enable governance mechanisms by distributing tokens within a community. Token holders can exercise voting rights within Decentralized Autonomous Organizations (DAOs), enabling decentralized decision-making.

Decentralized Finance (DeFi): BEP20 tokens play a crucial role in DeFi by enabling complex financial transactions. They can represent shares in liquidity pools and support automated processes, making financial operations more efficient.

Loyalty and rewards programs: Companies create base tokens for loyalty and rewards programs, encouraging ongoing customer engagement and loyalty through token-based incentives.

Fundraising: BEP20 tokens are commonly used in fundraising efforts, primarily through Initial Coin Offerings (ICOs), where they serve as digital currencies to attract investments.

Meme Coin: A BPE20 token can be a meme coin; It only depends on the nature that was given to the token at the time of its creation.

Final Thoughts on Creating Your Own Token on BNB Chain

Creating a token on the BNB chain is not just about launching a digital asset; it’s about establishing a presence in a rapidly growing ecosystem. Whether you are a developer, project owner, or entrepreneur, the ability to create a token without coding knowledge opens up new possibilities for innovation and participation in the Web3 space.

Thanks to tools like Smithii’s Binance Token Creator, what was once a complex process is now accessible to anyone with a vision and a wallet. By planning your token launch, including your marketing and liquidity management strategy, you can ensure that you stand out in the increasingly competitive blockchain world.