Mintable ERC20 Token Development | Brugu Software solutions

Transfer of responsibilities

Mintable Token Examples

  1. The ICO creator uses a mintable token contract, which gives him the job of Minter.
  2. The creator of an initial coin offering (ICO) has implemented a crowdsale contract.
  3. Minter’s role is transferred to the crowdsale contract by the ICO creator. Only the crowdsale contract has the ability to create additional coins.
  • Name (for example, “Ethereum”) and ticker (for example, “ETH”)
  • Supply in total (ex. 20,000,000 tokens)
  • The number of decimal places (example 8) — Decimals provide the number of ways a token can be divided, ranging from 0 to 18 and even higher if necessary. The decimals value, in technical terms, is the number of digits following the decimal place when published.
  • Tokens may contain a “pause” feature, which allows the token issuer to freeze the tokens and disable transactions at any time.
  • Tokens may be “consumable” if they are “burnable.” Tokens that have been “used” can, for example, be taken out of circulation.

What is a Mintable ERC20 Token?

What is Minting?

Minable Tokens Vs Mintable Tokens:

Mintable Tokens in ICO:

  • Creating an object that is not owned by the token
  • Creating a system for determining who has access to certain content or locations.
  • Adding a website, a logo, a video, or another web-based content to the token owner
  • Using tokens to establish ownership of things Metadata
  • Creating tokenized assets for which you act as a middleman
  • Content creation for the purpose of selling
  • Content tokenization
  • Tokenizing anything that could have value
  • Creating value with a token and data — if you have an online store you can accept that token as a discount card
  • Applying tokens for your business in the form of credit, discounts, or coupons
  • Event ticketing as a token & more…

How to create Mintable ERC20 tokens on Ethereum Solidity?

Are you seeking a Solidity developer or want to create a new Mintable Token?

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BRUGU SOFTWARE SOLUTIONS

BRUGU SOFTWARE SOLUTIONS

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