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ERC20 Token Development Company

ERC20 Token Development Company

What is the ERC20 token contract?

ERC20 Token contract is the smart contract code logic that performs the fungible token operation. When a contract is deployed on Ethereum, it can be interchangeable with any tokens that have similar value. That’s why ERC20 token standard is used in exchanging digital currency, voting process and crypto staking. Anyone can create ERC20 tokens and import them into Ethereum virtual machines. 

Know more about different Token Standards  - ERC721 Token Development | ERC721X Token Development

How to create your own erc-20 token in Solidity?

Step 1 - Decide on the token's purpose and amount of tokens to be issued.

Step 2 - Select a platform to issue the token. Popular choices are Ethereum, NEO and EOS.

Step 3 -  Create smart contracts for the token.

Step 4 -  Test the smart contracts to make sure they work correctly.

Step 5 -  Deploy the smart contracts to the blockchain.

Step 6 - Create a web page or landing page for your token.

Step 7 - List the token on exchanges.

Step 8 - Promote your token to potential buyers

If you have no idea to develop ERC20 on your own? Generate your ERC20 Token with us

ERC20 Token development company

ERC20 Token development includes the three important stages. First one is writing a smart contract code on solidity, Second one is Defining the tokenomics and Third one is EVM deployment. As if you are developing ERC20 tokens on your own, you should be well versed with figuring out solidity language and compiling functions. Otherwise, you will be in trouble. 

Going for an ERC20 token development company can be a good choice in this case. Because they will check and audit the smart contract from every step. Hence, there are minimal possibilities for code vulnerabilities. Hivelance, one of the reliable names in ERC20 token development. We have deepened our process of token development in a more agile way.

Learn more about Token Development

Functions of ERC20 Token 

ERC20 tokens should be designed with the following functions in order to scale.

1.Total supply

The contract contains the total number of token supply that’s assigned.At the time of contract creation, token supply value is given to EVM and owner address is credited with the whole supply.

2. Balance of

The balance of function dictates the remaining tokens present in the owner's address. For example, When all the tokens are bought through ICO, the owner's address tends to be zero.

3. Transfer

Transfer function represents that the ERC token is sent from the wallet address to the specific token address. The normal exchange of digital currency is done through this function. Reverse exchange is possible.

4. TranferFrom

This function can be similar to Transfer but here the specified number of tokens is transferred from a single address. The process is not reversible. Sender can only initiate the sending process.

5. Approve

Approve function checks if the spender has the right contract address to initiate a withdrawal function or not. The approve function is validated inside the contract to ensure the password is matching concurrently. 

6. Allowance

Allowance function transfers the royalty commission to the owner contract address when the specific number of token is sent to any address.

Benefits of ERC20 token development

1. Easy creation & code

The ERC20 can be easily coded by developers with simple logic functions in solidity language. The ERC20 token is the simple standard preferred by developers to facilitate ICO fundraising or any other applications. 

2. Fundraising preference

Considering the security option in ICO fundraising, ERC20 tokens has been the investors choice. Ethereum based tokens are widely used by many fundraising projects so far.

3. Quick deployment

The code creation and compiling time is less when compared to any other token generation. ERC20 token includes a predefined set of codes that can be designed with any logo, token name and decimal point of value.

4. Automatic transaction

The contract agreement validates the conditions and processes the transactions without any approval. Every logic is defined inside the contract so that it facilitates the automated crypto transactions.

5. Easy interoperability

Token applications built with ERC20 standard can be easily accessed with other products and services easily. The interoperability nature is the one of the biggest advantages for ERC20.

Popular ERC20 Tokens List

These are the popular ERC20 token examples accoording to the market cap and volume. The data is sourced from Coinmarketcaap.

  • Tether (USDT)
  • Binance (BNB) 
  • Uniswap (UNI)
  • Aave (AAVE)  
  • Chainlink (LINK)
  • Maker (MKR) 
  • Wrapped BTC
  • Matic (MATIC)
  • Apecoin (APE) 
  • Cronos (CRO)

Cost to create your own ERC20 token

The most important question asked by many founders - What is the budget for ERC20 Token creation?

The cost for creating the ERC20 token is depending upon the type of method you are going to create. The easy way is approaching the right technical partner who had a reputed portfolio in developing ERC20 tokens. The hard way is hiring solidity developers, assigning them individual tasks and cross checking the final outputs. 

By doing genuine comparison, the technical partner is the affordable one with reliability. Because when you do it on your own, you must take up the responsibility from scratch. There may be the chances for code vulnerability as if you have no prior experience. 

But in other ways, ERC20 Token development companies would have come across the obstacles and succeeded in it. 

Who is the best ERC20 Token Maker?

ERC20 token making is not a hard job but not easy either. When doing single mistake can lead to huge loss of funds that are raised through ICO in fundraising. We are the one who can accomplish your ERC20 tokens development project in a short span of time with high security standards. State-of-art security architecture is provided to you with guarantee. 

Why Hivelance for ERC20 Token development?

Our ERC20 Token development package is loaded with features like Code creation, logo designing, ERC token contract audit, deployment to EVM, Continual upgradation, Security audits in regular intervals and more. That’s why we are the best ERC20 token developer in the market. We have lifted many ICO projects and helped them in scaling their fundraising modules too. 

As the ERC20 token development company, we have develped highly secured  ERC20 token code that includes all the security elements to avoid code vulnerability. 

Contact us and get started

PEOPLE ALSO ASK


Smart contracts are used to create ERC-20 tokens. The logic behind smart contract enables the crypto applications to work accordingly.

Adding your ERC20 tokens can be easily possible in decentralized wallet like Metamask. Place your token smart contract address in the wallet or exchange and you're set to go.

You can't. If someone guarantees though, there is no realiability because they may duplicate existing smart contract. Meanwhile, we create ERC20 Crypto Tokens based on your requirements. We don't duplicate the existing smart contract logic as it is not feasible. Every line of smart contract is carefully coded by our solidity developers.

It may vary depending upon the number of tokens you're creating, smart contract logic complexity, tokenomics specifications etc.. If you need a detailed quote on the cost, schedule a consultation with our experts.

While undergoing ICO or crowdsale, ERC20 tokens are minted when someone agrees to buy the tokens using specified cryptocurrency. After the limited time of crowdsale, no tokens can further minted thereby limiting the investors fund in a non volatile way.

You can use our battle-tested smart contract logic to create new ERC20 tokens with different symbols, colours, decimal point and giving tokenmics value.

Yes, ERC20 token standard relies on Ethereum blockchain. 

It is the Token. ERC20 is the Ethereum based token standard defined by Ethereum. Using the standard, you can generate ERC20 based tokens.

The virtual online tool used to create the ERC20 tokens is called ERC20 Token Generator. 

In Solidity, a token can be coded using the ERC20 token standard. This standard defines a set of functions and events that a token contract must implement in order to be considered a valid ERC20 token.

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