Frequently Asked Questions
What is the Binance Smart Chain?
Binance Smart Chain is a blockchain-based platform that offers low fees, fast transaction times and smart contract compatibility. Binance Smart Chain is specifically designed for smart contracts and the creation of decentralized applications (DApps).
What is the Ethereum Blockchain?
Ethereum is an open-source blockchain-based platform that creates and shares business, financial services, and entertainment applications. Ethereum Blockchain is specifically designed for smart contracts and the creation of decentralized applications (DApps).
What is a BEP-20 Token?
BEP-20 tokens are blockchain-based assets. BEP-20 Tokens are Smart Contracts running on the Binance Smart Chain. They can be sent and received like any other crypto. BEP-20 Standard provides specifications on how these assets must be sent, received and stored.
What is an ERC-20 Token?
ERC-20 tokens are blockchain-based assets. ERC-20 Tokens are Smart Contracts running on the Ethereum blockchain. They can be sent and received like any other crypto. ERC-20 Standard provides specifications on how these assets must be sent, received and stored.
How do I verify my contract?
The source code of your token is automatically verified. The source code is well tested and will be continuously updated to improve the quality of the tokens and reduce the risks of bugs.
Where is my Token address?
After you confirm the transaction and your token is created, you will receive the contract address of your token as well as a link to view your token on Bscscan or Etherscan.
Who will be the Token Owner?
When your token is created, you (your MetaMask address) are registered as the only owner of the token. It is possible to change the owner or renounce the ownership.
Where will the token supply go after deployment?
The initial supply of the token is transferred to the address that created the token (your MetaMask address). This address is also the owner and therefore has special rights to manage the token.
Which wallets will my token be supported by?
Your token will be supported by any wallet that supports ERC20 tokens and BEP20 tokens. Almost every wallet supports these types of tokens.
How can I manage the token?
You can manage your token by using the Contract > Write tab on your Etherscan or Bscscan token page. You need to connect your wallet and then you can access the token's functions. This way you can, for example, mint new tokens, renounce your ownership, ...
Can I list my token on an exchange?
Yes, you can list your token on exchanges. For example, you can list it on Uniswap or Pancakeswap by creating a liquidity pool there.
Can I add a logo to my token?
Yes, you can add a logo to your token. After the token is created, you can add a logo to it using Etherscan or Bscscan.
What does 'Burnable' mean?
Tokens can be burned to reduce the supply. Anyone can burn tokens from their own wallet.
What does 'Mintable' mean?
Tokens can be minted to increae the supply. Only the owner of the token can mint tokens.
What is the Burn Fee?
Each transaction a certain percentage of it is burned. The Burn Fee can be adjusted by the owner after the token is created.
What is the Transaction Tax?
Each transaction a certain percentage of it is transferred to the Tax Receiving Address. The Transaction Tax can be adjusted by the owner after the token is created.
What is the Tax Receiving Address?
The Tax Receiving Address is the account which receivs the Transaction Tax. It should be an address of one of your wallets. It can be used to raise money during a transaction or to pay yourself for providing the currency. The Tax Receiving Address can be adjusted by the owner after the token is created.
What is the Holder Redistribution?
Each transaction a certain percentage of it is redistributed to all holders proportional to the tokens they hold. The Holder Redistribution can be adjusted by the owner after the token is created.