How to create TRC20 tokens to raise funds?
John Walder last edited by
There are many fundraising options available in the crypto space. However, many people prefer ICO. Since it is the feasible one. Let's start with the Tron Blockchain platform.
Why TRON Blockchain?
The TRON blockchain has emerged as the second most powerful blockchain platform after Ethereum. Since the launch of TRON’s own blockchain network, it has come a long way. The value of the TRX coin increases significantly. But despite the TRX coins, the TRON blockchain also has many more purposes to be wielded.
TRON tokens are one such application that can benefit you. And if you are an entrepreneur then, it will be a boon to your business. TRON tokens are benefiting many startups around the globe. It plays the role of a digital asset in fundraising. These tokens are given as an asset in return to the investors.
Why Tron TRC20 token standards:
When it comes to raising funds through crypto tokens, you should make sure to select an eligible standard. Only selective token standards can help you with your requirements. TRON tokens have the potential to provide you with all your requirements in fundraising. It has three token standards-TRC10, TRC20 being the fungible token standards. And TRC721 is the Non-Fungible Token standard.
When you are looking to create tokens to raise funds then, TRC20 will be the recommendable standard. The prime reason is TRC20 is similar to the ERC20 token, the most popular token standard in the marketplace. But it is more effective than the ERC20 token. The transaction speed is high, and the costs are affordable when compared to ERC20.
The other reason to create TRC20 tokens is their popularity. TRC20 stands second in the most popular token standard behind ERC20. With a popular token standard, you can attract more investors while raising funds.
So, How to create TRC20 tokens?
Creating a TRC20 token is a bed of roses. The creation part is easier. But issuing a smart contract can be the thorns. Smart contracts are irreversible once deployed. So it is a process to be done by professionals in technical standards with proper guidance. For this, you will have to find a TRON token development company with professionals who are trained in creating TRC20 token development.