Connect with us


How to Create Your Own BEP-20 Token: Best BEP-20 Token Generators in 2021



If you want to create your own cryptocurrency token, the BEP-20 token is a great option. A cryptocurrency token must be deployed on a blockchain before it can be launched. The blockchain acts as a distributed ledger for your token and verifiable records all transactions.

Without this transaction database, no one can trade or use your token properly. Due to increasing transaction volumes, Ethereum, the most widely used blockchain, is experiencing congestion, low transaction rates and high transaction costs. A simple token exchange on the Ethereum network can cost up to $10. Binance Smart Chain (BSC) is a blockchain platform that uses technology similar to Ethereum but has significantly reduced transaction fees thanks to a few tweaks. It can also perform a larger number of transactions in a shorter time.

BSC is currently the fastest growing blockchain and attracts investors thanks to its low transaction costs and excellent speed. Before using BSC to distribute your own token, you must first generate a BEP-20 token. After the mint, BEP-20 tokens can be used as digital currency for various projects, including payment of goods and community rewards.

You are all excited to create your BEP-20 token, so where to start? Let’s answer some important questions first:

What does it mean to generate a BEP-20 token?

Simply put, generating a BEP-20 token requires populating all the attributes of the token according to the BEP-20 specifications. The full specification is called a smart contract and is written in the Solidity programming language. To name your token, for example, add the code string public name = “MyToken” to your contract code. Some are as simple as the name, while others, such as those discussed in the section below, are much more complex.

What are some of the latest BEP-20 token generation best practices?

Anti-Whale Mechanics: You don’t want someone to hoard all your coins, so it’s important to limit how much a wallet can hold. You also don’t want a big sale to cause a big drop in the price of your tokens. It is necessary to set the maximum transaction limit for a wallet. Large holders, also known as whales, are prevented from manipulating your token due to these restrictions.

Retaining Rewards or Returns to Holders: Rewards are a great incentive to attract more investors to your coin. A small fee of 2% can be deducted from all transactions and given to your current token holders to encourage them to continue holding the token. This works similarly to the dividend payment of stocks, but at a much faster rate and at a higher rate.
Automatic Liquidity Generation: The automatic liquidity generation popularized by SafeMoon aims to provide long-term stability. A small fee is charged for each transaction used to increase coin liquidity on exchanges like PancakeSwap. This expands the liquidity pool, improving price stability and enabling the token to support higher trading volumes.

Buyback: A few tokens like EverRise started a buyback trend, also known as the hyper-deflationary mechanic. Buyback is a term used in the stock market to explain that a company has increased the value of its stock by repurchasing its own stock on the open market. When selling market tokens, the token repurchases contract and burns the tokens using accumulated transaction fees. These purchases not only add more value (BNBs) to the liquidity pool but also reduce the total circulating token supply, causing the price to skyrocket, preventing large drops.

No Code without Mint and Honeypot:

Many scam tokens are honeypots that allow investors to buy but not sell tokens. All money invested in such tokens will be forfeited. Other scam tokens provide more supply and then release them to the market to drain all their pegged liquidity funds. Many tools have been developed to detect honeypot and printable tokens. If you’re not careful when identifying your BEP-20 token, these tools can mark your token even if you haven’t thought of creating a honeypot or printable token. As a result, a clean BEP-20 specification is required. These advanced tokens are quite complex to specify in the smart contract.

What are the different ways to create my own BEP-20 token?

The most obvious method of making a BEP-20 token is to write a smart contract code that covers everything required by the BEP-20 specification. To implement the smart contract on the BSC blockchain, robustness programming will be required. This may require a significant time commitment, delaying the launch of your token by several months. There are several no-code platforms to generate BEP-20 tokens on the fly using simple UI configuration steps.

What is a BEP-20 token generator or minter, and how does it work?

The simplest way to create BEP-20 tokens on Binance Smart Chain is to use BEP-20 token generators. You don’t need to know how to code to create your token. Simply choose the appropriate features for your token, enter parameters such as a name or a transaction fee percentage, and the token will be instantly minted.

Different tokenomics features are supported by these products. Some of these platforms will even have additional services, such as a liquidity locker or a launchpad, that you can use to further set up your token.

Let’s take a look at some of the most popular BEP-20 token generators for the year 2021:


DxMint is an older and widely-used platform for minting BEP-20 tokens. It provides users with features such as automatic liquidity addition and fee rewards, in addition to basic token parameter specifications. There is, however, no provision for setting whale-proof limits, having hyper-deflationary buyback, or getting a safe contract code. Although the pricing is reasonable, the platform has been done for its clumsy user interface.

Unicrypt Token Minter

Unicrypt Network, which debuted in June 2020, is a multi-chain decentralized platform that provides a variety of services. One of the services offered is the token minter, which allows you to create a BEP-20 compliant token. Basic parameter specifications such as name and a mint-proof safe contract code are among the prominent features. There are no advanced deflationary, reward, or whale-protection features in it. Unicrypt is a weak contender for the best BEP-20 token generator title due to its high fee.

Mudra Token Creator

Mudra Token Creator is a new Binance Smart Chain platform for creating BEP-20 tokens. Best-in-class features like anti-whale mechanics, transaction fees, honeypot-free code, and hyper-deflationary mechanics with automatic liquidity and buyback distinguish it. All for a very low price. It verifies the contract code automatically on BscScan. Mudra Token Creator also provides free extra services like setting up a liquidity pool.


BSC has become a popular blockchain platform among cryptocurrency developers and investors. BSC tokens, which must adhere to the BEP-20 specification, can be created by writing smart contracts or using a no-code BEP-20 token generator. DxMint, UniCrypt, and Mudra are three good generator platforms with different feature sets and pricing. The entire token creation and deployment process for BSC has been democratized thanks to these generators, which can instantly mint a new token.

Advertisement logo
Click to comment

Leave a Reply


What Exactly Is Arbitrum?



Ethereum is a well-known platform for creating decentralized applications (DApps). However, due to a rapid increase of its users in recent years, the network has been pushed to its ultimate limits, causing transaction costs to skyrocket and widespread congestion.
Some believe that on-chain changes and improvements are the best approach to expand Ethereum, however, others are opting for second layer alternatives.

Although they differ widely in terms of appearance and purpose, one such option, known as Arbitrum, has begun to gain attention.

What Is Arbitrum?

It is one of the layer 2 solutions that enhances the capabilities of Ethereum smart contracts by increasing their speed and scalability while also providing extra privacy features.
The platform is meant to make it simple for developers to run unmodified Ethereum Virtual Machine (EVM) contracts and Ethereum transactions on a second layer and at the same time taking use of Ethereum’s superior layer 1 security.

It’s designed to address some of the current Ethereum-based smart contract’s problems, such as inefficiency and high execution costs, which have harmed the Ethereum experience for users and frequently make transactions costly.

Continue Reading


NFT Gas Prices: What Are They? Getting To Know Ethereum, Gas, And Gwei



What exactly is ETH Gas?

The Ethereum network uses the Gwei as a unit of gas. Miners need gas to process transactions, which is one of the main differences that seperates Ethereum from other cryptocurrencies such as Bitcoin.

“How much gas you’ll need depends on the size of the contract you’re aiming to complete and how quickly you want to complete it.” The price usually reduces if you’re patient enough to wait for a transaction to finish. Both NFT art makers and collectors benefit from understanding this idea.

If we want to have a look at the technical side, Ethereum’s native currency, ether (ETH), is used to pay gas fees. Gas costs are expressed in Gwei, which is an ETH denomination — one Gwei equals 0.000000001 ETH (10-9 ETH). Instead of claiming that your gas costs 0.000000001 Ether, you may say that it costs 1 Gwei.

Why is there Gas?

The gas in Ethereum is a crucial regulator that prohibits spamming the network. All Ethereum computations push the security measure to its limit. Gas limits, which are paid for with each computational execution, have the mission to ensure that bad individuals do not exploit unsorted amounts of processing power to become de-facto coders on the Ethereum network and corrupt the future they worked hard for creating.

Why Gas is so important for NFT arts and artists?

Gas has two sides to it. When gas costs are rising, it is difficult for uprising artists to generate, mint, and even purchase other works. Some artists try to include the cost of gas into their paintings (which indicates that they are ready to lower the cost of their art, to make their art easier to buy.) This creates a catch-22 because the art’s perceived “worth” is reduced when collectors are deciding whether or not to spend 25-57 percent of the overall purchase price on gas. Artists aiming to build a reputation for themselves face a difficult situation in this regard. On the other hand, artists might overcharge while selling their work (paying higher marketplace and gas costs) in order to get their work published before they have built a reputation for themselves to be able to charge that much.

Overwhelming and Absurd NFT Gas Cases

We’ve seen gas costs exceed the cost of a piece of art being created in some cases, leaving artist in a very difficult situation to put their work online. Actually, making it impossible for the artist.

Solutions for NFT Gas

Allow the NFT Artists to have more power when their work is minted. Many marketplaces only let artists to create something at the very moment they click mint. Artists should be able to choose how long they want to wait for network congestion to clear before publishing. This is already implemented in NFTGateway (As far as I know). The painting isn’t minted until it has been bought during a drop. The art might not appear in wallets instantly, the transaction might take 24 hours. While we haven’t experienced such a long wait, we have seen up to two-hour waits for costly drops expectations.

The User receives back any unused gas

Finally, it’s essential to emphasize that not all transactions use the total gas supply. This should be better stated, and we’ll need to undertake further studies to find out what proportion of gas is returned on average. However, you’re essentially accepting to a maximum amount of gas fees that you’ll pay to complete the deal.


Continue Reading


What is Play-To-Earn (Play2Earn) All About? Begginer’s Guide



The play-to-earn business model promotes the idea of an open economy by rewarding players who contribute to the metaverse’s value.

Play-To-Earn (Play2Earn) games are a type of gaming in which a platform allows players to earn any type of in-game property that can be transferred to the real world assets that has value like money.

Play-to-Earn Crypto Gaming: Begginer’s Guide

Video game business models have evolved to a whole new level as technology has become more widely accessible to the public. Before, people were able to play games only in certain gaming areas on arcade machines. With a bag full of quarters, gamers would compete for the highest score. But, as technology advanced, games were introduced to our smartphones, PCs, and gaming consoles such as the PS5, Xbox, and others.

What Is Play-to-Earn Gaming?

In the blockchain ecosystem, a new game paradigm known as play2earn is currently being seen around the world. It effectively allows participants to profit from their participation in games. By participating in the in-game ecosystem and earning assets for their contributions, players create value for other gamers and developers. Coins and accessories that have been tokenized on the blockchain are examples of digital assets. As a result, blockchain games and the play-to-earn business model support each other effectively.

Play to Earn Games

Axie Infinity is an excellent example of a play2earn game. Axies are charming animals that players buy, breed, and combat for rewards in this game. Each Axie is a non-fungible token (NFT), which means it’s a unique digital collectible. There is an entire economy within the game (There is a world known as Lunacia).

Users can use their in-game tokens, Smooth Love Potion (SLP), and Axie Infinity Shards (AXS) to buy land and breed Axies in Lunacia. In addition, these tokens are not just useful in the game, they are also useful in real life.

Play-to-earn games, such as Axie Infinity (AXS), are already assisting people all over the world (particularly those who live in countries affected by the current pandemic severely) earning a significant amount of money. People in the Philippines are making $1,500 to $2,000 per month playing Axie Infinity as a hobby, according to estimates. A good number of  people in Vietnam have also given up their full-time jobs as a result of these games, which pay well.

Lost Relics, Splinterlands, CryptoBlades, DogemonGo, and Sorare are some of the other NFT games.

In 2021, the NFT market will have topped $2.5 billion in revenues, and this figure is expected to rise rapidly as new NFT games hit the market. The rise of NFT is leading to a new era of revenue streams in the blockchain world, and it won’t be long before it overtakes every other major business.

Continue Reading
Advertisement e here


Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.