How do TRC20 tokens help in efficient crowdfunding?
John Walder last edited by
Crowdfunding has always been the prime source of taking a business to the next level. It was the good olden days, though. Most of the recent crowdfunding ends in scams. It demolished the trust among the investors. Yet if you are an entrepreneur and still trust in fundraising, you can go with crypto crowdfunding.
Crypto crowdfunding is similar to traditional crowdfunding but a lot more secure. Crypto crowd fundings mostly occur in ICO- the most popular method. It makes use of crypto tokens to raise funds. These tokens are digital assets that can be sold to investors to raise funds. These tokens hold the equity share of the investor in the project.
As mentioned earlier, crypto tokens will be used for fundraising. But, these tokens have specific standards for specific blockchain platforms. You will have to do some research on it to find the suitable one for your business. Most of the experts will recommend you to go with the Ethereum blockchain. Yes, Ethereum will be the best option to create tokens, if not for transaction cost and speed. It has a high transaction cost for a low speed. On the other hand, TRON has up to 2000 transactions per second at a surprisingly low cost.
Now, let me tell you how does create TRC20 tokens help in making your crowdfunding more efficient. TRC20 is the fungible token standard of TRON. It is similar to the ERC20 token standard. There are many reasons to choose TRC20 token standards. But popularity will be the notable one. With the popularity of TRC20 tokens, you can attract many crypto enthusiasts, who are potential investors to your business. Also, TRC20 has the lowest transaction cost for the speed it offers.
How to create TRC20 tokens?
Creating TRC20 tokens is not a big deal. But, implementing a smart contract is. So you will have to find a company that will help you in creating TRC20 tokens. There are many companies out there to help you with these services. But, not all are trustable. It is important to do some research before investing your money in TRC20 token development. Worry not. I have done some groundwork for you and have found that Zab Technologies - a renowned blockchain development company. You can provide a list of your queries to them on TRC20 token development. And to add some spice, they provide you with wallets to store, send and receive your tokens. You can also ask them for a free demo. Contact them to know the cost of TRC20 token development and more