After the regulation of digital currency in many countries many people became aware of cryptocurrency and started investing for fun and investment purposes. However, many people create their own tokens beyond investing to see more profit or to start their own business.
If you are a startup founder and want to generate your tokens, there are many ways to generate your tokens. You can build it yourself or hire a developer to do it for you. You can choose blockchains like Ethereum, Binance Smart Chain (BSC), TRON, or any public blockchain to generate your token.
Many successful tokens are now cryptocurrencies that serve the digital world in many ways, such as utility, governance, payment, etc. Each token can be listed on a blog, but instead, you can check out this best BEP20 list, which will motivate you to create your blog.
To begin with we will refresh what the BEP20 token is, its parameters, and then move on to see the Best BEP20 list.
What is a BEP20 Token?
The BEP20 token is a standard on the Binance Smart chain for creating smart contract-powered fungible tokens that can be used with dApps or other services on the BSC. These tokens are born out of the Solidity programming language and nurtured in the Binance ecosystem.
Although BEP20 is not directly compatible with other non-BEP20 standards such as ERC20, there are bridging solutions available to enable cross-chain transfers. As compared to ERC20 tokens on the Ethereum network, these tokens usually have lower transaction fees.
Generally, developers must adhere to the BEP20 token standard to create and deploy BEP20 tokens on the Binance Smart Chain (BSC). There are some specifications to consider while creating a new crypto token.
- Name – The name of the token, eg: Binance Coin
- Acromym – The short form of token, eg: BNB
- Total Number of tokens in circulation
- Decimal point – How many (from 0 to 18 digits) can be put behind
- Token metadata, issuance, exchanging of tokens, transaction execution, ownership management, and more.
Creating an ERC20 token seems like a daunting task, as it involves multiple steps to achieve the desired outcome. Fortunately, selecting the appropriate BEP20 token development firm can simplify the process by producing the token according to your preferences.
Well, now let’s see the best BEP20 list in upcoming discussions.
Best BEP20 Token List for 2024
The speed, scalability, and interoperability of Binance tokens have made them highly sought-after in the crypto domain. A list of the top-performing BEP20 tokens for 2024 is presented below.
- Binance Coin (BNB)
- PancakeSwap (CAKE)
- SafeMoon (SAFEMOON)
- TOKO Crypto Coin (TOKO)
- Bakery Token (BAKE)
- WazirX (WRX)
- Trust Wallet Token (TWT)
- Biswap Token (BSW)
- Binance USD (BUSD)
Binance Coin (BNB)
After Bitcoin and Ethereum, Binance Coin (BNB) is a highly valuable cryptocurrency that is predicted to gain even more popularity. This is due to its unique function as the native token of the renowned Binance exchange – one of the largest trading platforms globally. Binance Coin is primarily used by traders to pay for trading fees on its exchange, but it can also be used to take part in token sales on the Binance Launchpad.
The decentralized exchange PancakeSwap DEX platform has its native token as CAKE. Its low fees and high liquidity have made it quite popular among users. It provides users with the ability to trade BEP20 tokens and also offers liquidity pools where they can earn rewards for providing liquidity. CAKE is used to pay trading fees and participate in governance decisions.
Trust Wallet Token (TWT)
Trust Wallet Token (TWT) serves as the platform token for Trust Wallet, a widely used mobile wallet specializing in cryptocurrencies. Its primary purpose is to unlock premium features within the wallet, enabling users to make credit card purchases of cryptocurrencies. Moreover, TWT facilitates participation in token sales on the Binance Launchpad, expanding its utility beyond the wallet itself.
Bakery Token (BAKE)
Bakery Token (BAKE) functions as the native token for BakerySwap, a decentralized exchange situated on the Binance Smart Chain. Users employ BAKE to cover trading fees and engage in governance decisions. BakerySwap distinguishes itself with features like liquidity pools, yield farming, and the trading of non-fungible tokens (NFTs).
SafeMoon (SAFEMOON) operates as a native token, implementing a unique tokenomics system that rewards holders and penalizes sellers. Notably, each transaction incurs a 10% fee, which is divided between existing holders and a liquidity pool. The token has garnered attention for its distinctive economic model and benefits, fostering an active community dedicated to promoting its use cases.
Binance USD (BUSD)
Binance USD (BUSD) is a stablecoin that is closely linked to the value of the US dollar, serving as a preferred option among traders seeking stability amid the volatility of alternative cryptocurrencies. This stablecoin not only facilitates trading operations on the Binance exchange but also offers the flexibility of withdrawals to a linked bank account.
TOKO Crypto Coin (TOKO)
TOKO Crypto Coin (TOKO) serves as a utility token essential for accessing various services on the TOKO platform. Its appeal lies in a strong use case including e-commerce, gaming, and social media services. Additionally, TOKO is used to settle transaction fees on the platform.
Biswap Token (BSW)
Biswap Token (BSW) acts as the native token for Biswap, a decentralized exchange on the Binance Smart Chain. Similar to other exchange tokens, BSW is used for trading fees and governance participation. Biswap’s feature set includes liquidity pools, yield farming, and NFT trading.
WazirX (WRX) represents the native token of the popular Indian cryptocurrency exchange, WazirX. WRX facilitates the payment of trading fees and engagement in governance decisions. The exchange’s growing user base and strong community support, coupled with its diverse range of supported cryptocurrencies and trading pairs, contribute to its widespread popularity.
These are some of the best BEP20 token lists that an investor or creator should be aware of. Regardless of your purpose for creating a token as a startup founder, there are numerous ways to make it happen. The desired outcome for your token is crucial in determining the appropriate approach. If you intend to create a token for fun or a specific niche you can do it in many ways.
In a way, the best options are hiring a crypto token developer or selecting a reputable BEP20 token development company like Zodeak. This will enable you to leverage the expertise and experience of someone who can also assist you with crafting a white paper, navigating legal matters, and selecting the optimal blockchain for your project. Whether you enlist assistance or if you opt to create your token, Zodeak will walk with you!