Finance How does creating TRC20 tokens help you to raise funds?

[John Walder]

It is a dream for every entrepreneur to succeed in their business. But, when it comes to fundraising, we all have different opinions. People around you might suggest going with IPO and some other options. But there is a way you can raise funds without any hassle - ICO. Initial Coin Offering is a popular method to raise funds.

ICO is done with the help of crypto tokens. Crypto tokens are digital assets that can represent anything digital. These tokens are provided to the investors that represent their shares.

Creating a crypto token has many complexities. Your token standard should be popular among investors. It must have a high transaction speed at a low cost. If you want a token with all these features, it is recommendable to go with the TRC20 token standard.

TRC20 is a TRON-based token standard. TRON is a trustable blockchain and is popular among crypto enthusiasts. Being popular will help you to attract more investors, especially during pre-ICO.

Although TRC20 is similar to ERC20, transaction speed varies. TRC20 has around 2000 transactions per second which is way better than ERC20. Surprisingly, the transaction cost is also low.

How to create TRC20 tokens?
TRC20 token is easy to create if you are tech-savvy. Yet, you will have some trouble while issuing a smart contract. To issue a smart contract, you will require the guidance of an expert. You can consult a TRON Token development company to provide you with the required assistance to create TRC20 tokens.

ZabTechnologies is a renowned company that provides ERC20 token creation services. You can contact them for any further insights.

 

[Yusra3]

The Tron blockchain now supports the ability to create TRC20 tokens which attract businesses and projects that are looking to raise funds through token sales or initial coin offerings (ICOs), as a crowdfunding method. They can turn the idea into the concrete working product by issuing their own cryptocurrencies and raising capital from an international audience while promising the investors that as the project moves forward their tokens can become profitable. TRC20 tokens create an emerging space for participation in decentralized finance (DeFi). These DeFi solutions are meant to bank on the blockchain technology for raising funds while retaining control over the tokens' supply.