Before you enter into BEP 20 Token Development, you just need to understand what basic requirements you have and let your BEP20 token development company know about the same.
Here are the things you need to consider:
Capping – Choosing the capped token does not enter you have any more tokens than the ones you will be capped. This ensures that people will not create tokens other than declared.
Minting – Tokens can be generated by simply minting them. Yes, only the owners will be able to mint them. You can disable minting if you don't want to generate any more tokens.
Ownable Access – The token created will have a designated owner. And, only the owner will be able to mint fresh tokens or to call the finish to the minting function.
Role-based Access – Your token will have roles where you can remove or add MINTER or ADMIN roles as you want to address them. Of course, your token will be ownable.
Operable Token – To notify the receiver contract of token transfers, this operable token will be a BEP20 compatible token approval.
Token Recover – There have been multiple tokens lost forever in Smart Contracts. You can recover any BEP20 tokens sent into the contract in error with token recovery.
Whether you want to build your own BEP20 Token, Kindly reach us.
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