The blockchain world is ever-changing, and the Base blockchain has quickly become an attractive choice for those wanting to create and launch tokens. As an Ethereum Layer 2 solution, Base stands out with its low fees, reduced congestion, and the security benefits of EVM compatibility. As a newer blockchain, it offers early adopters a chance to establish themselves in a growing ecosystem.
This guide will cover everything you need to know about creating a token on Base, from understanding what Base tokens are to launching your token without requiring any coding knowledge.
Understanding the basics of BNB Chain tokens
Creating projects on the blockchain requires advanced programming skills, particularly in Solidity, a native programming language of BNB Chain. People needed to be experts on BEP20, the asset’s standard, which limited many Web3 enthusiasts to being participants rather than creators.
However, the rise of user-friendly dApps such as Smithii has eliminated these barriers. Now, anyone can create BEP20 tokens without coding or spending hundreds of dollars.
Why choose BNB Chain to create your own token?
BNB Chain (former Binance Smart Chain) is a top-tier blockchain for launching tokens, offering several advantages:
- Low Transaction Fees
- Scalability and Speed
- Security and Compatibility
- Robust Ecosystem
Create a BEP20 token on BNB Chain step-by-step
Thanks to user-friendly tools, you no longer need to be a developer to create a token. Platforms like Smithii Tools offer a BNB Chain Token Generator, simplifying the process for those wanting to make a meme coin on that blockchain.
- Go to Binance Token Creator by Smithii Tools and connect your wallet
- Type the name and symbol you want to give to your meme token.
- Define the supply of your token.
- Optional: Set a tax for transaction
- Click on Create Token, accept the transaction, and wait for your meme coin to be in your wallet.
You can create your BNB Chain meme coin for 0.19 BNB instead of hiring a developer to do it for you. You can also set advanced features such as multiple wallet distribution, airdrop mode, antibot, and antiwhale.
With “multiple wallet distribution” you can distribute the supply of your token to different wallets within the creation (maximum 10).
By activating the “Airdrop Mode” you will prevent users from sending or trading your token until you deactivate it.
With “Anti Bot” you will be able to limit the actions of snipers and bots on the liquidity pool of your token, as it will limit the amount of time between transactions per wallet.
“Anti Whale” is an outstanding feature that will allow you to set a limit amount that a single wallet can buy/sell, a time limit between buy/sell transactions of a single wallet, a limit on the number of tokens that a wallet can hold and best of all you can set a total number of days in which the anti whale mechanism will be activated, allowing you to protect your token from an exploit during the first few days of launch.
For a more comprehensive guide, check out this video tutorial, which offers a detailed preview of the steps involved in creating a new meme coin.
Applications of BEP20 tokens on BNB Chain
Businesses and organizations leverage BEP20 tokens for various purposes. Some of the most common use cases include:
Asset Tokenization: BNB Chain tokens facilitate the conversion of physical assets, such as real estate or artwork, into digital tokens. This process makes these assets easier to trade and more accessible to a wider audience of investors.
Governance: Organizations can enable governance mechanisms by distributing tokens within a community. Token holders can exercise voting rights within Decentralized Autonomous Organizations (DAOs), allowing for decentralized decision-making.
Decentralized Finance (DeFi): BEP20 tokens play a crucial role in DeFi by enabling complex financial transactions. They can represent stakes in liquidity pools and support automated processes, making financial operations more efficient.
Loyalty and Rewards Programs: Businesses create Base tokens for loyalty and rewards programs, encouraging ongoing engagement and customer loyalty through token-based incentives.
Fundraising: BEP20 tokens are commonly used in fundraising efforts, mainly through Initial Coin Offerings (ICOs), where they serve as digital currencies to attract investment.
Meme Coin: A BPE20 token can be a meme coin; it only depends on the nature given to the token at the moment it is created.
Final thoughts about creating your own token on BNB Chain
Creating a token on the BNB Chain is not just about launching a digital asset; it’s about establishing a presence in a rapidly growing ecosystem. Whether you’re a developer, a project owner, or an entrepreneur, the ability to create a token without coding knowledge opens up new possibilities for innovation and engagement in the Web3 space.
Thanks to tools like Binance Token Creator from Smithii, what was once a complex process is now accessible to anyone with a vision and a wallet. By planning your token’s launch, including its marketing strategy and liquidity management, you can ensure it stands out in the increasingly competitive blockchain world.
