The process of creating BEP-20 badges in the Binance smart chain is quite simple.
Simple there is a standard badge which is BEP-20, you can easily create similar badges on the bsc token generator platform.
The basic functions of the chips can be measured according to the standards of BEP-20.Basic features include:
- Transfers
- Balance returns
- View coupon ownership
- Others.
There are many applications and websites that can be used to create bep20 token badges on the BSC platform.
- Some of the popular applications that allow you to create BSC brands are MetaMask and Trustwallet.
- You must have a BNB in your wallet to pay for the development of the contract.
- Next, you need to enter the details of the badge you want to create - you must enter a badge name and the symbol you want to give to the badge you are creating.
- Then develop the badge and the badge will be ready for use.
- You can create specific badges such as limited badges, badges, and subscriptions.
Here are the details about the badges you can create :
Badge Holder: Every badge you create will own it. The owner will have the power to cut new coupons as well as stop cutting further chips.
BEP-20 Badges: Before cutting the badges, you must specify a limit or the maximum number of badges you want to create (create). Once this number is reached, you will not be able to win more coupons.
Fuel BEP-20 Tokens: You can even destroy some of the badges. These badges can burn out when you need to reduce the number of badges on the market.
BEP-20 Badges: This is nothing more than cutting the coupons you want to create. You can cut the badges until the limited number of badges is reached.
Blacklist of brands : Badges can also be blacklisted. This can happen when the badges or the website that creates the badges are found to be malicious.
Benefits of BEP-20 coupons
Now let's see how creating the BEP 20 badge can help -
- It is a very flexible platform that allows developers to use this badge as a blueprint for developing similar badges.
- There are many aspects to the financial industry and other industries that can be represented by this type of badge. For example, it obviously represents the assets of the encryption, then there are fiat coins represented by these tokens.
- Other cryptocurrencies can be incorporated into this token by other blockchains.
- The symbol contract is concluded in the smart chain which is another great aspect of these badges.
- Validators in the Binance smart chain, which transfers the BEP-20 chips, win the transaction fee at BNB. This is similar to the BEP-2 badges on the Binance Chain.
- Developers can use both worlds - the Binance Smart chain and the Binance chain. While the former provides speed, the latter provides the platform for developing decentralized applications without putting pressure on the Binance network.
- With the Binance chain wallet extension, it is easy to exchange BEP-20 coupons for BEP-2 brands. This is known as chain compatibility.
BEP-20 vs. ERC-20
The BEP-20 and ERC-20 are compatible and the former is an extension of the latter. However, there are some differences, such as the BEP-20 token standard for the Binance smart chain, while the ERC-20 is the badge standard in the Ethereum chain. While the ERC-20 can be used as a blueprint for any badge created in the Ethereum blockchain, the BEP-20 can only be used to create similar badges as the bep20 token generator in the Binance smart chain. Many wallets and websites support cutting the ERC-20, and there are some sites that allow cutting the BEP-20.
BEP-2 and BEP-20
BEP-2 and BEOP-20 are like two sides of the same coin. In the Binance network itself, both are present. While the former is in Binance Chain, the latter is in the Binance smart chain. BEP-2 allows the issuance of badges in Binance Chain together with the application of badges.
On the other hand, the BEP-20 badge does the same in the Binance smart chain. Both are technical specifications that have been created to represent different digital items and goods that can be traded. Both are present in the Binance network and can also be changed.
Conclusion
The BEP-20 badge is a dynamic badge that has many features in it. Being compatible with most of the badges in the digital arena provides great reasons to develop new coupons. It is also compatible with the ERC-20 and is known for its excellent speed.
