Binance Based Token Development

Taksh it solutions Develop on Binance Smart Chain? First, read through the FAQ and learn about tokens here. Asset Management. BEP2 Asset. Binance Chain is essentially BEP-20 is the token standard of the Binance Smart Chain (BSC). The Binance Smart Chain is a programmable blockchain with support for smart contracts and EVM compatibility. This makes it a good candidate for building decentralized applications. To interact with the BSC blockchain, a token based on the BEP-20 standard, BNB, is required to pay for transactions, just like Ether is used to pay for gas fees in the Ethereum blockchain. In fact, the BEP-20 standard is an extension of the ERC–20 standard on Ethereum. This makes it possible to build decentralized apps on the Binance Smart Chain using current Ethereum tooling. In this tutorial, we’ll code a sample BEP-20 token by implementing the BEP-20 token standard, deploy it to the Binance Smart Chain test net using Remix, verify the token source code on BscScan, and, finally, import the deployed token into Metamask. We’ll cover the following in detail: Implementing the BEP-20 Token Proposal Deploying the token contract using Remix Verifying and publishing your token contract on BscScan Importing the token into MetaMask This guide assumes prior knowledge of Solidity and EVM. Here’s a good resource on Solidity and one on EVM. Implementing the BEP-20 Token Proposal A BEP-20 token requires certain functions to enable other accounts to interact with it properly. You can take a look at these as outlined in the official BEP-20 proposal. I recommend reading through the proposal to familiarize yourself with the required functions. Most real-world tokens, however, extend this proposal in different ways. For example, most tokens add the ability to: Mint and burn tokens Transfer ownership of the token contract to a different address Pause/play the token contract as an emergency stop mechanism For the purposes of this tutorial, we’ll implement the base BEP-20 proposal and allow minting and burning of tokens. You can extend this even more as an exercise to get more familiar with working with tokens. There are a few prerequisites to coding a BEP-20 token: Solidity 0.5.16 or above Remix IDE After coding the token in remix, you can test, and then deploy it to a public network.