Deploying a BEP20 token to the Binance smart chain is easier than you might think.
One of the best ways to learn more about how cryptocurrencies work is by creating your own digital token. And the good news is, anyone can create their own BEP20 token on Binance Smart Chain.
If you're looking for a platform with low fees, fast transaction times, and smart contract compatibility, Binance Smart Chain is the perfect solution for you.
Binance Smart Chain is specifically designed for smart contracts and the creation of decentralized applications (DApps).
Creating a BSC token is surprisingly simple. These tokens conform to a standard called BEP20, which is similar to the Ethereum standard ERC20.
The token standard ensures basic functions for the token, such as transferring funds, returning a balance, displaying token ownership, etc.
For each transaction that takes place with these tokens on the chain, a fee must be paid in BNB. This fee is a compensation for the validators for securing the network.
Let's start with the requirements to create a BEP20 Token.
Start by downloading MetaMask
You might notice straight away that we’re still dealing with an Ethereum wallet.
Let’s change that.
We want to access Settings to point the wallet towards Binance Smart Chain nodes.
On the Settings page, navigate to the Networks menu.
Click Add Network in the top-right corner to manually add Binance Smart Chain Mainnet.
Start by going to MoonMaker. If you are using your phone, make sure you are using the browser within the MetaMask app.
Make sure you have some BNB in your MetaMask wallet. If not, you need to transfer some BNB to your MetaMask wallet address.
Choose BEP-20 to create a token on the Binance Smart Chain.
Next you need to fill in the details for your token. You must give your token a name and a symbol. You also need to specify the initial supply of your token and the number of decimal places each token can be divided into.
You can also enable the following features for your token.
Once you select ‘Create', the next interface will show you the fee for the creation. This fee will be in BNB.
The token will be created once you approve this transaction fee.
After your token is successfully created, a MetaMask popup will appear to automatically add your token to your wallet