Why is it preferable to create an ERC20 token from a development company?
John Walder last edited by John Walder
Crypto startups usually raise funds using initial public offerings. Since it was not that effective, many entrepreneurs preferred launching an ICO. ICO Initial coin offering is a process of raising funds for crypto projects by issuing utility tokens to the investors. Compared to IPO, ICO posses some unimaginable benefits. One of the vital parts of launching an ICO is creating utility tokens. The ERC20 standard is the most popular token standard for ICO. Over 70% of the tokens in the blockchain are ERC20 based standards. Because ethereum is the first decentralized platform that helped many developers and entrepreneurs to create and launch decentralized applications
Now, coming to the main part, how will you create ERC20 tokens? If you are a trained coder, then you can develop a token o your own. But the smart contract portion might be tricky. You will require an expert's support in creating and deploying the smart contract into the blockchain.
There are resources where you can generate sample tokens for free. But when it comes to the actual token, you will have to pay more than the features you are offered. For instance, if you are creating ERC20 tokens and you require a mintable option for your token, then you will have to pay double the rate.
So what now? To create an ERC20 token at a reasonable price with all the features of your business requirements, you will have to consult an ERC20 token development company. You can consult the experts from the company to create ERC20 tokens.