At present, the TRON blockchain network is one of the fastest-growing in the market. Majorly introduced to facilitate the development and deployment of dApps, now the TRON is covering the whole market.
Due to the growing popularity, the tokens developed on the TRON blockchain network have become one of the appealing investment options for crypto investors. This blockchain network uses the smart contract and various token standards. The different token standards of TRON include TRC-10, TRC-20, TRC-721, etc
Through this article, we are going to talk about the TRC20 Token Development which is one of the most popular tokens developed using its native token TRX.
So let us start our discussion by understanding what is TRC-20 token.
What is TRC-20 Token?
Whenever a person heard of these tokens, the major question that comes up in his mind will be what is TRC-20 Token? The TRC-20 coin consists of highly usable smart-contract-based tokens that are completely functional. The native tokens of TRON are TRC-20 tokens that comply with the ERC-20 token standards.
TRC-20 standards make payments simple and quick because they aim to deliver clear, scalable, and quick transactions. The TRC-20 token's code is upgradeable so that reliable activities can be added, and it has a huge bandwidth capacity. Many users have converted to the TRON blockchain as a result of these benefits.
Features of TRC-20 Token
Below is a list of a few of the innovative and unique features of TRC-20 tokens.
Transparent
Due to its decentralized structure, it would be able to offer transactions that were trustworthy and transparent. More users would be drawn to complete their transactions because there wouldn't be any middlemen.
Secured
High-security features on these tokens will include two-factor authentication, end-to-end encryption, support for KYC, etc.
Inter-Operable
TRC-20 Token Development enables cross-chain compatibility due to the interoperability of tokens issued on the TRON blockchain.
Use Solidity as its Programming Language
Utilizing the programming language Solidity, TRON Token Development facilitates the creation of Ethereum-compatible smart contracts.
Based on Smart Contracts
One of the key characteristics of the TRC-20 token is its smart contract foundation, which enables traders to conduct decentralized transactions.
How to Create TRC-20 Tokens?
Step 1: This would be the first stage in which you would create the address for your smart contract. Create your smart contract address, and then programme it following the rules that apply to your business.
Step 2: Visit the TRON website after the smart contract has been generated and link your wallet to the Tronscan platform.
Step 3: To begin creating TRC20 tokens on the Tron blockchain network, select the Create token option from the drop-down menu by clicking the token track option.
Step 4: Next, the parameters of the token, including its name, symbol, decimal value, total supply, demand, and freeze and release times, are requested through a dialogue box. Enter the information required for the organizational structure of your business here.
Step 5: After entering all necessary information and updating credentials. To create TRC20 tokens, click Confirm. After that, you can sell your tokens on the open market.
How Much Does it Cost to Create TRC-20 Token?
Every new company has a predetermined budget for operating costs. Are you planning to launch your TRC-20 token but delaying it because you're unsure about the price? Are you curious to know how much it costs to develop TRC-20 tokens?
The precise cost will, however, vary depending on several variables, including the industry in which your firm operates, the number of tokens you like to issue, the project's complexity, the blockchain developer you choose to work with, the features you wish to include, etc.
However, we can offer you an idea of the cost to develop the TRC-20 token, which will range from $500 to $1500.
Why Choose Coin Developer India as Your TRC-20 Token Developer?
Coin Developer India, a leading TRON Token Development Company, offers its services internationally. The blockchain specialists on staff at this business are highly proficient at giving their clients the ideal blockchain solutions. They are knowledgeable and skilled at producing tokens that follow the TRC-20 token standards.
The TRC20 Token Development Services we offer are the best on the market since our developers have considerable experience in the blockchain industry. You can add or delete any functionality following the requirements of your business because we are experts at developing TRC20 Tokens that are uniquely yours.