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Showing posts from October, 2022

Steps To Create BEP20 Token On Your Own

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Creating and deploying tokens on the Binance Smart Chain is easier now. The finest way to learn more about the inner functions and workings of cryptocurrency is by launching your own digital token. And the good news is, Anyone can create and launch BEP20 token on Binance Smart Chain by their own. Before knowing how to create BEP20 Token on BSC, Let us have a brief note of What is Binance Smart Chain and BEP20 Token standard.   What Is Binance Smart Chain? Binance Smart Chain is a dual chain architecture that lets its users to build their dApps and digital assets on the blockchain and furnishes the advantage of fast trading. Highlights of BSC Compatible with Ethereum VIrtuak Machine Supports cross-chain transfer Depends on the proof-of-stake authority Diminished Block time  of 3 seconds BEP20 Token Standard Launching BSC tokens is easier and those tokens confirm to a standard called BEP20 that is similar to the Ethereum token standard ERC20.  BEP20 token ensures fundamental token functi

What Are The Revenue Streams Of Stablecoin?

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  Roughly around 5.8 million people use cryptocurrencies all around the world. However, every single crypto trader faces the risk of price fluctuation (or) volatility, every day. In 2014, bitcoin's price spiked from $444 to $612 in just a month. Thus, volatility is one of the reasons why retail stores refuse to accept payments in cryptocurrencies.  This risk of losing out funds is sorted by the emerging stablecoins, which peg the value of any underlying asset (or) commodity to the cryptocurrency thus making it immune against heavy price fluctuations. This is considered a good medium for crypto traders to store funds and the best possible currency for common people to facilitate cross-border payments and other local transactions at a minimized cost. Considering all such impossible benefits, stablecoin is deemed to be the hope of the crypto business model. Here are the major modes through which stablecoins generate income for your business. Transaction Fee Though users shift from con