How to create your own Crypto Currency for free?
Easily create your own cryptocurrency on the Ethereum or Binance Smart Chain, in just 5 minutes without code!
What is a cryptocurrency? How does cryptocurrency work? How to create my own cryptocurrency? I’m sure you have all of these questions today but don’t worry we have the answers for them. Keep reading to gain more knowledge of cryptocurrency and how to benefit your business from it.
Spoiler: It’s easier to use a tool like Create My Token and it only takes 1 minute instead of hours it would usually take!
What is a cryptocurrency?
Cryptocurrency is just like a normal currency but in a digital world and accepted universally unlike physical currencies that work only in a specific country. A single centralized platform does not bind cryptocurrencies.
How do you create your own cryptocurrency for free?
Creating your own cryptocurrency isn’t easy, but it has got easier over time. Let’s talk about the two easiest ways of creating your own cryptocurrency.
The ERC20 Token on Ethereum Blockchain
Not a lot of people know what is ERC20 and what ERC20 even means, so let’s start with explaining what ERC20 is.
The ERC20 Token Definition provides basic functionality to transfer tokens, as well as allow tokens to be approved so they can be spent by another on-chain third party.
This standard allows you to create your own tokens or coins on the Ethereum blockchain. You just need to create your own Smart Contract and deploy it on the blockchain.
Make ERC20 Token for free: https://www.createmytoken.com/create/erc20/
The BEP20 Token on the Binance Smart Chain
BEP20 Token standard is just as alien to people like ERC20 itself, but it basically means the same ERC20 standard but on the Binance Smart Chain.
The functionalities of the BEP20 token is the same, and allows the same functions except on the Binance Smart Chain.
Make BEP20 Token for free: https://www.createmytoken.com/create/bep20/
The usual way of creating ERC20 or BEP20 tokens
There are many libraries which provide existing contracts for ERC20 specification, but often you need to do the work to implement specific functionality as well as specifying the important aspects such as the name, symbol and decimals.
It often takes a lot of time to setup all of the stuff more so than actually deploy the Smart Contract. You need to learn how to write code in Solidity and more so using networked chains.
For this reason, it’s highly recommended to use an online tool like Create My Token to create your own, it provides all the functionality as you’d have in your own token but saves hours of time!
Using a tool like Create My Token only requires you to have MetaMask and enter basic information about your token such as the Name, Symbol and Supply and it lets you deploy any type of contract including Mintable, Burnable, Advanced and Unlimited tokens!
Yes, it only takes 1 minute!
What can you deploy with Create My Token?
Basic ERC20 Token
The most basic ERC20 Token with the basic functionality fully compliant with ERC20 and can be used on ANY ERC20 compatible wallet.
Advanced ERC20 Token
Advanced token with the ability to mint your tokens with a capped supply, supported on all wallets!
Professional ERC20 Token
Professional token with the ability to mint and burn tokens at your will with capped supply. Supported everywhere!
Unlimited ERC20 Token
Unlimited token with the ability to mint and burn tokens and unlimited supply. Create as many coins as you want! Supported everywhere!
Ultimate ERC20 Token
Jack of all trades token, with roles for admin and minter with ability to mint and burn tokens.
Godlike ERC20 Token
The best token of them all, with roles for admin and minter with unlimited supply, with ability to mint and burn tokens!
