TRON is one of the most popular blockchain networks. This blockchain network has gained popularity in a very short span. TRC20 Token is the one of the most popular token standards based on TRON.
Here through this blog, we will briefly talk about TRC20 Token Development, its features and cost to create a TRC20 Token.
What is TRC20 Token?
TRC20 is a token standard which is based on implementing a smart contract using TRON blockchain network for issuing Tokens. TRC20 token standard defines certain rules that every token must follow which majorly includes rules regarding issuance of new tokens, performing and approving token transfer and receiving and sending tokens etc.
The TRC20 token is compatible with ERC20 tokens. However, ERC20 token standard uses the Proof of Work (PoW) consensus mechanism, the TRC20 token uses Delegated Proof of Stake (DPoS) consensus method.
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Features of TRC20 Token
- Decentralized: TRC20 token is decentralized which means there will be no involvement of any middlemen such as government, bank or any other financial institution.
- Transparent: All the transactions done in these crypto tokens can be accessed publicly which means there is full transparency.
- Cost-Efficient: Developing TRC20 tokens are cost-efficient as there is lower gas fees as compared to ERC20 tokens.
- Scalability: TRC20 tokens are highly scalable which means these tokens can handle multiple transactions at a time without hampering its speed.
- Security Features: TRC20 tokens are highly secured and equipped with features such as two-factor authentication and end-to-end encryption.
How Much Does It Cost to Create a TRC20 Token?
If you concerned about the cost to create TRC20 token, we would want to tell you one thing that it is not practically possible to quote the exact price. The price varies from project to project and industry to industry.
There are numerous factors that impact on the cost of creating crypto tokens such as industry in which your business is operating, number of tokens issued by you and the token development agency chosen by you.
However, we can provide you with a rough idea that the cost to create a TRC20 token will be around $500 to $1500.
Why to Choose Coin Developer India?
Coin Developer India is dominant token development company providing blockchain solutions at the global level. They are possessed with a huge and skilled team of blockchain developers who develops the finest customized TRC20 tokens.
Their TRC20 token development services are the best in market that will definitely help you in achieving your business objectives. If you are having low budget, you should not give a second thought before hiring them as your token development agency as they will build TRC20 token for your business cost-efficiently. You can visit their official website to connect with their developers for resolving all your queries.
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Call & Whatsapp : +91 7240607737
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