jack richer
by on February 1, 2022

Undoubtedly, the interest of investors in cryptocurrency is growing rapidly. However, there was one blockchain that started this decentralized revolution in July 2015. It was Ethereum. Today, traders across the globe have locked in a mind-boggling $10.44 billion on virtual currency. Are you an innovative entrepreneur desiring to establish a crypto venture? Begin Ethereum token development now. 

What are the different services offered by an Ethereum Token Development Company? 

  • Creation of fungible tokens - An Ethereum token development company will create different fungible tokens like ERC-20, ERC-777, and ERC-1155. For instance, ERC-20 tokens have several use-cases. They can be utilized for purchasing tangible assets like gold and real estate, purchasing fiat currencies like USD and EUR, and receiving rewards for winning games successfully. 

Besides that, investors can transfer their fungible tokens from one account to another, monitor the balance in their crypto wallets, and also approve the spending of crypto assets by third-party accounts. 

ERC-777 and ERC-1155 assets offer other advantages like notification of contracts through hooks, prevention of accidental transfers to non-ERC-777 pre-programmed software, transfer of multiple assets in a single call, and flexible setting of rules for ensuring glitch-free sending and receiving of funds. 

  • Integration with software and hardware wallets - Users can store their crypto assets securely on hot and cold wallets. For instance, an ERC-20 token development company will create state-of-the-art wallets similar to Coinbase Wallet, Dapper, MetaMask, MyEtherWallet (MEW), Portis, Torus, Trust Wallet, Ledger Nano S, Ledger Nano X, and Trezor One. Investors can safeguard their holdings by using passwords, private keys, and secret recovery phrases. 
  • Organizing fundraising campaigns - Project creators can raise funds easily by conducting fundraising campaigns. A crypto token creation enterprise will prepare whitepapers and finalize the tokenomics strategy. Subsequently, marketing campaigns are implemented across instant messaging apps and social media platforms. This will attract retail and institutional investors easily. 

  Wrapping Up

 End your wait to rule the crypto trading sector. Collaborate with an Ethereum token development company now and build your wealth.

Posted in: Business, Technology
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