Tron token development will help with efficient Crypto-crowdfunding, know-how?

  • There were times when investors kept longing for a secure mode to place their investments. It all started when scams were at their peak in traditional crowdfunding. Later Initial Coin Offering, a crypto crowdfunding method came into practice. It makes use of crypto tokens which are digital assets, to raise funds. By the year 2017, ICO had its first laugh by raising a whopping amount of $252 million. Since then ICO has been the most preferable way to raise funds in an efficient manner. But, what if there is a way to make your crowdfunding even more efficient? Continue reading to find it out.

    The crypto enthusiasts' guide
    Crypto enthusiasts are people with abundant knowledge of crypto and related stuff. They could be ‘your potential investors. So, it is important to cover them up. In order to do so, you will have to follow certain factors. These factors will be keenly noted by crypto enthusiasts before investing.

    • Blockchain platform
    • Token standard

    Blockchain Platform
    The crypto tokens reside on the blockchain platform. So, is it not important to create these tokens in a more suitable blockchain platform? Before doing so, it is wise to do some research on the blockchain platform. There are a few factors to be noted while choosing the blockchain platform.

    • Not that all your investors will buy your tokens which resides in a blockchain that is not known by many. So the popularity of the blockchain is a compelling factor to be noted.
    • The cost per transaction varies among different blockchain platforms. So does the transaction speed. Your investors will definitely be concerned about these two factors. So it is advisable to do some research before creating your tokens.

    It is hard to choose a suitable blockchain platform although there are only 3 blockchain platforms that are mostly preferred - Ethereum, TRON, and Binance Smart Chain.

    Token Standard
    Similar to blockchain platforms, token standards also have their own popularity. Crypto enthusiasts who are potential investors will take a peek into these kinds of stuff. Apart from popularity, each blockchain platform has more than one fungible token standard. For instance, the Ethereum blockchain has ERC20, ERC223, ERC777, ERC865, and more. You will have to be precise and choose the best and suitable among them.

    Which blockchain platform is the most preferable?

    It is hard to choose a suitable blockchain platform although there are only 3 blockchain platforms that are mostly preferred - Ethereum, TRON, and Binance Smart Chain.

    Popularity: All these blockchain platforms are popular among investors, which forces us to rule out this condition.
    Transaction cost: When it comes to transaction costs Ethereum will be the first to get eliminated. TRON and Binance Smart Chain have cheaper transaction costs.
    Transaction speed: Transaction speed will be the tiebreaker between TRON and BSC. Binance Smart Chain has a transaction speed that averages around 100 per second. TRON, on the other hand, could handle up to 2000 transactions per second. This helps in making TRON the most preferable blockchain to create crypto tokens.

    How to create TRON tokens?
    The TRON blockchain has two token standards. TRC10 & TRC20. TRC10 is not the most preferred token standard, at least in recent times. TRC20 is an upgraded version of TRC10, and the most important factor is, it is similar to ERC20. Either way, you will have to implement a smart contract for TRON token development. Smart contracts are written in solidity language. A small err in the solidity might cost you the entire process. So, you will require the guidance of an expert to create one. Or you can find a TRON token development company to fulfill your requirements. There are many companies out there that provide TRON token development services. But, it is advisable to do some research before contacting the company.

    I, on the other hand, have done some groundwork and would like to suggest to you my findings. Zab Technologies - a renowned blockchain development company, has been providing token development services in a trustable manner. Along with TRON token development Company, they also provide crypto wallets, which help you in sending and receiving the tokens. You can contact them to avail a free demo on their wallets too.

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