How to raise funds efficiently using BEP20 tokens?

  • Crowdfunding is a method that has been around for many years to help startups. Unfortunately, due to a countless number of scams, the majority of the investors lost faith in this method. To counter attract these scams, crypto crowdfunding was introduced and has succeeded in a very short span. Being based on blockchain platforms, crypto crowdfunding is highly secure and has the capability to gain trust among investors.

    Among the crypto crowdfunding methods, it is ICO that has the edge over each and every method. Also, ICO is very popular in the marketplace. But, this popularity alone will not be your key success. There is another factor that has to be looked out for before launching your ICO - Crypto tokens. Crypto tokens are digital assets that are sold to investors to raise funds. These tokens hold the share values of the investors.

    Sensibly speaking, you should also select the suitable token standard to perform an effective ICO. Many experts would recommend going with the ERC20 token standard. Yes, it is quite a standard to raise funds. You can go ahead with ERC20 if not for cost-effectiveness. What if I say there is a way you can raise funds quickly, hassle-free, and cost-effective. And BEP20 is the only standard that helps you in optimizing your cost.

    BEP20 is the fungible token standard of the Binance Smart Chain. It has been just a year since the launch of Binance Smart Chain, and it is already quite popular. BEP20 has earned its trust and popularity among investors and crypto enthusiasts. Using this popularity, you can attract more investors. It will make your ICO quick and effective.

    The other thing that might interest your investors is the transaction cost. The transaction cost of BEP20 is way far lower than ERC20. But, you might get a thought on the quality of the transaction speed. Surprisingly the transaction speed of BEP20 towers over the ERC20. A stat proves that most ERC20 token users are pegging their tokens into BEP20 to afford the transaction cost and speed.

    So, where will you create BEP20 tokens to launch ICO?

    BEP20 token creation demands smart contract implementation. The Smart contract implementation requires the guidance of experts. To work on it, you will have to turn to a BEP20 token development company. You can list out the functionalities you require and can also ask for suggestions from the experts there. They will come out with more suggestions that might be useful for your business.

    I've done some groundwork and would like to toss up my findings regarding a trustable BEP20 token development company. Zab Technologies is a renowned blockchain development company who are into BEP20 token development. You can contact them to find more.

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