In this Smart world, The token is used widely for financial trading in various industries based on its created aim. A token can be used for investment purposes, to store value, or to make purchases Cryptocurrencies are digital currencies used to facilitate making and receiving payments along with the blockchain.
One of the most popular crypto exchange platforms these days is Binance, which offers trading in more than 45 crypto coins such as BITCOIN, ETHEREUM, LITECOIN, etc. Binance has its original coin which was developed under the Binance Smart Chain network called BNB.
Binance Smart Chain (BSC) was its blockchain network in the Binance Platform which will increase the flexibility and speed ability of the blockchain network. In this article, we have to see the list of top 10 Binance Smart Chain BEP20 tokens. Before entering into the topic let’s see a quick explanation of the BEP20 Token.
What is BEP 20 Token?
BEP-20 is a token standard on Binance Smart Chain (BSC) which is like the ERC20 standard token one of the Ethereum Token Standard. The main focus of this token is to provide a flexible format for developers to release a wide range of tokens on the Binance Smart Chain.
BEP-20 Tokens are fully powered with a BNB, If a user creates a native token on BEP-20 or else peg tokens from different blockchain to make use of Binance Smart Chain this was also called Peggy coins, which are nearly BEP-20 versions of other crypto assets like XRP. Here we see about the Top 10 Binance Smart Chain BEP20 Tokens
Top 10 Binance Smart Chain BEP20 Tokens
Binance USD (BUSD) is a 1:1 USD-backed stable coin supplied by Binance in collaborate with Paxos, Approved and regulated by the NYDFS, The BUSD Monthly Audit Report can be viewed from the official website, BUSD aims to meld the stability of the dollar with blockchain technology. It is a digital fiat, issued as ERC-20, and supports BEP-2.
Some of the BUSD use cases:
- Trade BUSD on different exchanges and Decentralised exchanges.
- Deposit BUSD to gain an interest rate.
- Pay BUSD as settlement for goods and services.
- Use BUSD as collateral and loan asset.
PancakeSwap is DEX native to BNB Chain. In other words, it shares some identity with established platforms like UniSwap in that users can swap their coins for other coins without any intermediator.
The difference is that PancakeSwap focuses on BEP20 tokens, a specific token standard developed by Binance. The BEP20 Checklist of functions new tokens must be able to perform to be compatible with the broader Binance ecosystem of decentralized apps, wallets, and other services.
Bakery Token (BAKE)
BakerySwap is a decentralized Automated Market-Making protocol and it was based on the Binance Smart Chain. The BAKE token is a native BEP-20 managed token on the platform. BakerySwap runs on the BSC. The BAKE-BNB pool is expected to provide rewards compared to other pools.
Safemoon protocol operates with the SafeMoon Token as its native token and BSC can function main operational framework. SafeMoon was planning to develop an NFT exchange and also crypto apps and charity projects, By using the SafeMoon protocol, token holders will earn more SAFEMOON it’s depending on how many coins they had. It is a unique token that was likely to cryptos like Bitcoin, Ethereum, and more.
Cream Finance is a decentralized P2P DeFi platform that gives lending, borrowing, payment, and tokenization services for digital assets. It launches its token called a C.R.E.A.M, this project was initially expected to launch on the Ethereum network, it was launched by a BSC network, This token will allow users to lend, and borrow assets. CREAM tokens can receive rewards in the staking period. There is a total supply of 9 million tokens around 150,000 in circulation.
It is a way that formed a platform between fiat currencies and the cryptocurrency world with the three products called a Swipe Multi-asset mobile wallet, Swipe Cryptocurrency funded debit card, and the swipe token (SXP), SXP was the own token in the Swipe network. These tokens are eligible for exclusive offers on the Swipe app and they can be used for making fiat payments with help of a swipe debit card, SXP token will have its max supply of more than 30 million tokens, and SXP holders can also stake their SXP and bond, Swipe network, it was available to trade on more than 50 different exchange platforms.
The ALPHA token is an integral part of the Alpha Finance ecosystem and a multi-purpose coin that allows users to unlock things on the protocol and participate in the ecosystem’s governance.
ALPHA was the original token on the Alpha Finance Lab and it was built under the BSC, considered as a utility token, where the token holders can earn a share of network fees by staking ALPHA tokens to cover loans. Currently, ALPHA had a total supply of 285,579,035, and max, it was initially launched with a circulating supply of 174.1 million tokens out of a total of 1 billion.
Wrapped BNB (WBNB)
Wrapped BNB was native tokens on the BEP-20 Standard which was built under BSC, BEP20 is a standard token on the BSC and it allows BSC from wallets to decentralized exchanges in a consistent way, WBNB was following the same concept, this token will also extend ERC20 to facilitate the cross-chain transfer. It can be transacted directly with any alt tokens
BUX Token was built on Binance Smart Chain controlled BEP20 utility token which can be used on the BUX Crypto platform to trade with 0% commission and premium features, It moto to enrich a range of community features so it offers more advantages on the BUX crypto platform, BUX goal is to create a strong use case for BUX,
BURGER is a token of Burger Swap and it was the first democratized and peer-to-peer AMM on BSC, It was built without the control of any authorities through the function of smart contracts, BURGER token will allow everyone to create proposals and adjustment of transaction fees, block rewards, and other systems.
Where to Create Binance Smart Chain BEP20 standard Tokens?
Zodeak specialized in providing the best BEP20 token development services to launch your BSC BEP20 standard Tokens like above all tokens, Our token developers who are experienced in the blockchain technology build your bep20 standard tokens on the BSC blockchain platform and verify basic functionality for the BEP20 token, like token, transferring, returning a balance, viewing token ownership, etc.
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