How much does it cost to create BEP20 token with enriched features? A frequent question that arises in the minds of every startup. If this is also your query, then this blog is for you. With a low investment, traders, crypto users, and even beginners are reaping huge profits. Who else says no to a potential passive income? User’s thirst for passive income made many startups come up with various business ideas.
One such exponential business idea in the crypto space is BEP20 token creation. The BEP20 tokens possess the characteristics of both the ERC20 token (Ethereum) and BEP2 (BNB Beacon Chain). Due to this, they are compatible with both blockchains. Due to its immense functionalities, the BEP20 has gained popularity over the years. However, the cost to create a BEP20 token is not known clearly. If you are one among them, then read this blog completely.
How Much Does it Cost to Create BEP20 Token?
The approximate cost to create BEP20 token would range from $5000 to $10,000 depending on your various business needs. But, the above-mentioned cost is not the exact price for creating a BEP20 token. Various factors like feature complexity, add-on modules, developer team size, etc are responsible for the cost. Hence, based on your business specifications, the cost may vary.
We are here to explain the major factors that influence the cost estimation for BEP20 token creation.
Factors Affecting the Cost of Creating BEP20 Tokens
The cost to create BEP20 token would vary based on various factors. You can decide the total price estimation for creating BEP20 tokens before creation. You can reduce as per your business need and purpose.
- Development Team
- Complexity of Features
- UI/UX Design
- Legal & Jurisdiction Compliance
- Quantity of Crypto tokens
- Token Testing & Debugging
- Update & Maintenance
Development Team
You can create your BEP20 token either by approaching a freelancer or a crypto token development company. When you approach a freelancer, you may not be sure about the expertise of them in creating the tokens. The cost to create BEP20 token ranges high than other methods. If you want to integrate any complex feature, they may or may not be clear about that. So, it is better to go with the token development company. They would have an experienced developer and expert team for BEP20 token creation. Some of the factors be,
- No of Developers Hiring
- Scalability
- Consulting Services
Additionally, you can get regular updates, guidance, and support from the development team. You can customize, upgrade, modify, and maintain your crypto tokens easily. So, for your business budget and needs, a leading BEP20 Token Development Company would be the best choice. Even after the launch of the tokens, you can get guidance from their developer team to fix any technical issues.
Complexity of Features
As much as you integrate complex features, it may cost you more to create the BEP20 token. Burning, Minting, Anti-whale protection, liquidity pool setup, Deflationary, token recovery, and taxation are some of the common features of BEP20 tokens. The cost to create BEP20 token varies primarily based on this factor. If you want to integrate more security features and functionalities, this may increase the BEP20 token price for creation.
Also Read – Deflationary Token Development – A Comprehensive Guide For Startups
UI/UX Design
An important factor that influences the cost of creating a BEP20 token is its UI/UX design. To attract crypto users and traders, the token design plays a vital role. While you create the BEP20 token you have to analyze the crypto market and grasp the choice of users.
Presently many are showing interest in memes, so you can create your BEP20 token with a meme theme. The cost to create BEP20 token also depends on this factor.
Legal & Jurisdiction Compliance
When you tend to create a BEP20 token, you have to focus also on legal and regulatory compliance. This is because every country has different rules for token distribution. So, as per your distribution region, you must create the crypto token. Furthermore, you must be conscious of paying the taxes regularly.
Quantity of Crypto tokens
The cost to create BEP20 token is influenced by the initial supply. Based on business purposes like crypto crowdfunding, payment processing, listing, and other purposes, the cost may vary. As much as the initial supply increases, the BEP20 token price also increases.
Token Promotion & Marketing
After creating the BEP20 tokens, it is essential to promote those tokens to reap huge profits. In that sense, you need to hire a team of professional marketers to take social media promotions, email marketing, content marketing, etc. This may charge some amount for hiring the marketers and for marketing tools.
Token Testing & Debugging
Once the creation of BEP20 tokens is over, it is important to test them. This is to enhance the token’s quality and to find out the technical bugs or errors. If any technical issues are found, they can be rectified before the token launch. When you tend to use robust technology for testing, the cost estimation can increase.
Through these, you can launch a feature-rich token without any hassles. This improves the quality of the token at the initial stage itself. The cost to create BEP20 token changes based on every development company. So choose wisely.
Update & Maintenance
After the successful launch of the token, you are responsible for providing regular updates for your users. Moreover, you have to update your BEP20 tokens occasionally to improve the excellence of your token. The Crypto token development company will provide you with these services which should cost some amount.
Not only that, but you also have to protect your tokens from security threats, hacks, and scams. This is also an important factor that impacts the token creation cost. We have presented the approximate cost parameters for each factor,
| Factors | Cost Estimation |
| Development Team | $1000 – $1500 |
| Complexity of Features | $500 – $750 |
| UI/UX Design | $500 – $1000 |
| Legal & Jurisdiction Compliance | $600 – $1000 |
| Quantity of Crypto tokens | $500 – $750 |
These are the common factors that influence the cost of creating the BEP20 tokens. So, focus on the necessary things before entering into the development process. To develop an enriched BEP20 token for your business, you need mass technical support, guidance, and a skilled team.
Features that Impact the BEP20 Token Cost
Cost of developing your Bep20 Token can vary depending on the features you choose to integrate. Here’s a breakdown of key features and how they influence development costs:
High Transaction Speed & Low Fees
BEP20 excels in fast and affordable transactions. Users can complete transactions within seconds for a fraction of a cent, compared to other blockchains that can take minutes and cost several dollars. This inherent efficiency reduces development complexity, keeping costs down.
Interoperability
BEP20 tokens bridge the gap between different blockchains, allowing seamless interaction. This feature requires additional development effort, potentially increasing costs. However, the benefits of a wider reach often outweigh the cost.
Low Carbon Footprint
BEP20 utilizes a Proof-of-Stake (PoS) consensus mechanism, which is significantly more energy-efficient than Proof-of-Work (PoW) used by some other blockchains. This eco-friendly approach doesn’t directly impact development costs but aligns with a growing trend in sustainable crypto projects.
Smart Contract Functionality
BEP20 tokens leverage smart contracts to define unique functionalities and characteristics. Features like burning, minting, and time-locking tokens add complexity and require skilled developers, potentially raising the cost. However, the level of customization offered by smart contracts justifies the investment for many projects.
Global Level Community & DEX Support
Created on the widely adopted Binance Smart Chain, BEP20 tokens benefit from a global community and extensive support from Decentralized Exchange (DEX) platforms. These factors don’t directly affect development costs but enhance the token’s potential reach and liquidity.
Robust Security Features
Security is paramount in DeFi, and BEP20 tokens are built with robust security features. Implementing multi-layered security measures like device-level protection, SSL integration, and secure smart contract coding necessitates experienced developers, potentially increasing costs. However, robust security is non-negotiable in DeFi projects.
With these features, the BEP20 tokens are gaining the attention of startups and entrepreneurs. As mentioned earlier, these features make everyone create them for various crypto purposes. Apart from these, if you want to integrate more features, then you can go with that.
We people at Coinsclone offer all types of crypto token development services at an affordable price for startups and entrepreneurs. By approaching our team, you can leave your worries and concentrate on other factors like token marketing, promotions, and the deployment process. Here, the query in your mind may be…
Why choose Coinsclone for BEP20 Token Development?
The cryptocurrency market would boom after 2024 through various factors like Bitcoin Halving, Bitcoin fees surge, new trends of tokens, etc. So, this is the perfect time to create a BEP20 token and enter the magical world. If you want to create your BEP20 token, then approach Coinsclone, a leading Crypto Token Development Company well experienced in providing Excellent token development services in the crypto space. We have delivered nearly 350+ projects.
We have skilled developers, technicians, experts, and project managers to complete the creation process in a hassle-free manner. The cost to create BEP20 token will surely fit into your business budget. Our previous projects with startups have grabbed the attention of investors, traders, and crypto users.
So, without any concern, you can approach our team to create our token. We offer you a free demo and it possesses the sample version of the BEP20 token.
Your crypto token, your idea! We bring that to life!
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