How much cost for creating erc20 tokens?
As of now, there are a number of standards in ethereum token development, these standards are the protocols that helps in functioning of smart contracts. Among those various token standards, erc20 standard is the best and commonly used one.
How much does it cost to create erc20 tokens?
The answer is $5,000-$50,000. The range starts from $5k and it depends upon the concerning ideas, ERC token standards like(ERC20. ERC223, ERC 667 etc.) depends upon your standards.
This erc20 token development is the P2P network that has a value and can be sent or received like any other cryptocurrencies(bitcoin, litecoin, altcoin etc)and the biggest advantage of erc20 tokens is that any other application of smart contract can interact with these tokens. Hence it is very easy to create several tokens that can interact with each other in a standard way.
In ethereum blockchain, the ERC20 tokens are created using the agreement called smart contracts. The algorithm used for the creation is ERC20. The smart contracts are nothing but the execution code built on the ethereum functions and they are written using the language called solidity. Ethereum and ETH tokens are stored on the digital storage space called Meta Mask.
Smart Contract Development Cost:
Smart Contracts are the most prominent part of token development and it involves a lot of technical resources to code and it cost around $10,000. So, every stage of token development needs to be handled by the expert technical team in order to avoid the last minute hassle.
You have to be well experienced in developing that too. After the completion of the smart contract, it needs to be audited by the expert. Because the insecure smart contract won’t perform well among the investors. If small error may cause millions of dolor loss for investors. It could be serious. The average cost for a security audit of the contract is $10,000.
Do you need to talk about getting the average cost for developing your erc20 tokens? give us a message our experts will give you detailed pricing for the entire token development setup.
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