BEP20 is a token standard created for easy & fast development of tokens on the Binance Smart Chain. It was created as an extension for ERC-20 and provides a flexible format for developing a range of different tokens that are compatible with both Binance Chain and BSC.
The basic difference between a BEP20 token and an ERC20 token is the platform. BEP20 tokens are based on the Binance Smart Chain, while ERC20 tokens are built on the Ethereum blockchain. Unlike ERC20, BEP20 is compatible with other blockchains.
Creating a BEP20 is relatively easier than creating an ERC20 token. There are platforms that allow you to create a BEP20 token by simply inputting a few parameters. However, advanced BEP20 token development requires technical expertise. SAG IPL BEP20 token development agency provides complete token development and migration services.
Pegged BEP-20 tokens are cryptocurrencies that are created on a different blockchain but pegged (tied) to a BEP-20 token in order to make it tradeable on a DEX. We also provide Pegged BEP20 token development service at SAG IPL.
Depending on the type of BEP20 you want to create, and your particular business needs and purpose, BEP20 token development may range anywhere between $2,000 and $5,000. Contact us for highly efficient BEP token development at the best price in the market.