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🚀 Inside the Development of Kalshi-Like Platforms

💰 How Much Does It Cost to Build a Prediction Market?

Building a prediction market platform involves more than development alone. From liquidity systems to blockchain integration and compliance, the costs can vary significantly based on your business model. This blog is useful for founders and Web3 startups looking to estimate investment requirements before starting development. 🚀

The world of blockchain is rapidly transforming how we create and exchange value. With the rise of decentralized finance (DeFi) and crypto ecosystems, launching your own token has never been more accessible. Among the most popular standards for token creation is the BEP20 standard on the Binance Smart Chain (BSC).

Whether you want to build a DeFi platform, launch a crypto-based product, or simply explore token creation, this guide will walk you through how to develop your own BEP20 token — even if you’re a beginner.

What is a BEP20 Token?

BEP20 is a token standard on Binance Smart Chain that functions similarly to Ethereum’s ERC20 standard. It outlines how a token behaves, including how it can be transferred, who owns it, and how it's approved for use by third-party apps.

BEP20 tokens are:

Binance Smart Chain offers low gas fees, making transactions both fast and cost-effective.

Compatible with the Binance ecosystem (wallets, exchanges, DEXs).

Easily build, test, and deploy your token using Solidity, the most popular smart contract language.

 Why Choose BEP20 Over Other Standards?

Here are some compelling reasons why developers and startups choose BEP20:

Lower Fees: Binance Smart Chain offers faster transactions at a fraction of Ethereum’s gas cost.

Growing Ecosystem: Supports popular DApps like PancakeSwap and Venus.

Developer-Friendly: Easy integration with familiar Ethereum development tools.

Interoperability: Can bridge with Ethereum and other networks.

Step-by-Step Guide to Create Your BEP20 Token

Let’s break down the process into beginner-friendly steps:

Step 1: Define Your Token Parameters

Before writing code, you must finalize your token details:

Token Name

Token Symbol

Decimals

Total Supply

Mintable or Fixed Supply

Burnable?

Ownable or Renounced Ownership

Clearly define the use case of your token — whether it's for payments, staking, governance, or rewards.

Step 2: Set Up Your Development Environment

You’ll need the following tools:

MetaMask: A crypto wallet to interact with BSC testnet/mainnet.

Remix IDE: An online development environment that allows you to write, compile, and deploy smart contracts directly from your browser.

BNB for Gas: Ensure you have BNB tokens in your wallet to cover transaction costs on the BSC network.

Step 3: Write Your BEP20 Smart Contract

Use Solidity to code your token. You can either write it from scratch or use verified templates like OpenZeppelin’s ERC20 contract, which is easily adapted for BSC.

Step 4: Compile and Deploy the Token

Open Remix IDE

Paste your code

Compile the contract using the Solidity compiler

Select the "Injected Web3" environment in Remix to link your MetaMask wallet.

Hit the "Deploy" button and approve the transaction in MetaMask to launch your token.

You’ve now deployed your BEP20 token on BSC Testnet.

Step 5: Verify the Smart Contract

After deploying, verify your contract on BscScan. This adds transparency and allows others to read and interact with your token contract easily.

To verify:

Go to your contract address on BscScan

Click “Verify and Publish”

Paste your Solidity code

Confirm compiler version and license

Step 6: Add Token to Wallet

To view your token in MetaMask:

Click “Import Tokens”

Paste your contract address

Enter token name and symbol

Done! Your token is now visible.

Step 7: Deploy on BSC Mainnet

After testing, you can deploy the same contract on BSC Mainnet.Just switch your MetaMask network and deploy using real BNB. Ensure everything is fully tested and audited before going live.

Optional Features to Add

Depending on your project’s goals, you can enhance your token with features like:

Burnable Tokens: Reduces supply over time

Mintable Tokens: Allows new token creation when needed

Pausable Contracts: Add emergency stop functionality

Governance Rights: Enable holders to vote on key decisions

Staking or Farming Support

OpenZeppelin provides reliable contract templates for all these functionalities.

Real-World Use Cases for BEP20 Tokens

Startups: Launch tokens for product access, loyalty, or fundraising

DeFi Platforms: Power yield farming, staking, and lending

Gaming Projects: In-game currency and rewards

NFT Ecosystems: Enable transactions, voting, or royalty payments

In the rapidly advancing world of cryptocurrency, stablecoins have become a vital link between the unpredictable nature of digital assets and the steady reliability of traditional finance. Engineered to retain a fixed value, stablecoins are increasingly used for purposes like payments, trading, cross-border remittances, and more.But not all stablecoins are the same—there are different types, each with its own structure, mechanism, and purpose.

In this blog, we’ll explore the main types of stablecoins and their real-world use cases, helping you understand how they fit into the broader blockchain ecosystem.

What Are Stablecoins?

Stablecoins are a class of digital currency that are pegged to stable assets, such as fiat currencies (like USD or EUR), commodities (like gold), or even a diversified basket of cryptocurrencies.The goal of a stablecoin is to provide the benefits of digital currencies—such as fast transactions and decentralization—while avoiding extreme price volatility.

1. Fiat-Collateralized Stablecoins

These are stablecoins backed 1:1 by fiat currencies like the US Dollar, Euro, or Japanese Yen.To ensure value stability, each stablecoin is typically backed by an equivalent amount of the pegged asset—most commonly fiat reserves—which are held by a centralized authority or custodian.

Examples:

Tether (USDT)

USD Coin (USDC)

TrueUSD (TUSD)

A central authority issues stablecoins based on fiat currency deposits. The reserve is regularly audited (in some cases) to maintain transparency and trust.

Use Cases:

Crypto trading: Used as a stable medium of exchange on crypto exchanges.

Payments: Ideal for digital payments without currency fluctuation risks.

Remittances: Cheaper and faster cross-border transactions.

2. Crypto-Collateralized Stablecoins

These stablecoins are backed by other cryptocurrencies (like ETH, BTC, etc.) rather than fiat. Because the value of the backing cryptocurrency can fluctuate, these stablecoins are typically over-collateralized to maintain price stability.

Examples:

Dai (DAI) by MakerDAO

sUSD by Synthetix

To generate these stablecoins, users deposit a specified amount of cryptocurrency into a smart contract, which acts as collateral.The collateralization ratio is typically higher than 100% (e.g., 150%) to absorb price fluctuations of the backing crypto.

Use Cases:

Decentralized finance (DeFi): Used in lending, borrowing, and yield farming.

Trustless transactions: Eliminates the need for a centralized authority.

Smart contract automation: Enables composable DeFi protocols.

3. Algorithmic Stablecoins

These stablecoins rely on algorithms and smart contracts to regulate supply and demand, maintaining a stable value without any external asset backing.Supply and demand are adjusted programmatically.

Examples:

Frax (FRAX)

Ampleforth (AMPL)

The protocol automatically increases or decreases the supply of the stablecoin based on market price deviations. If the price goes above the peg, new coins are minted; if below, coins are burned or removed from circulation.

Use Cases:

Scalable DeFi ecosystems: Offers a decentralized model without relying on external assets.

Experimental finance: Enables innovation in monetary policies and crypto-native assets.

4. Commodity-Backed Stablecoins

Some stablecoins are pegged to physical commodities like gold, silver, or oil, with each token representing a fixed quantity of the asset.

Examples:

PAX Gold (PAXG)

Tether Gold (XAUT)

The issuer holds the physical commodity in secure vaults. They are issued based on the reserves held and can be redeemed for the equivalent amount of the underlying commodity.

Use Cases:

Asset diversification: Offers exposure to commodities without physical ownership.

Inflation hedge: Gold-backed tokens serve as a store of value in volatile markets.

Cross-border commodity trade: Simplifies international settlement using tokenized assets. Stablecoins are transforming the digital economy by offering the stability needed for real-world adoption. Whether you aim to launch a fiat-backed token, a crypto-collateralized asset, or an innovative algorithmic stablecoin, the success of your project depends on a secure and scalable development process.

Initial Coin Offerings (ICOs) have transformed how startups and businesses secure capital. Leveraging blockchain technology, ICOs provide a decentralized and streamlined method for attracting global investors. Launching a successful ICO demands a strategic and well-organized approach—and that's where Pixel Web Solutions stands out. As a premier ICO development company, we deliver comprehensive, customized ICO solutions designed to maximize your fundraising potential.

Looking to launch your own utility token? Pixel Web Solutions offers end-to-end utility token development services tailored to meet your business needs. From smart contract creation to secure blockchain integration, we help you build tokens that enable seamless access to products, services, or platforms. Start your crypto journey with our expert team today!

Tags/Keywords: utility token development, blockchain services, crypto token, smart contract, token development company, Pixel Web Solutions, utility crypto token

In the fast-evolving landscape of blockchain technology, crypto tokens have emerged as key components powering decentralized applications, digital assets, and innovative financial systems. Crypto tokens are digital representations of value or assets built and operated on blockchain platforms. Unlike cryptocurrencies like Bitcoin, which operate on their own independent blockchains, crypto tokens are usually built on existing platforms such as Ethereum, Binance Smart Chain, or Solana.

They come in various forms, each designed to serve a specific purpose within the blockchain ecosystem.Utility tokens grant users access to particular products or services within a decentralized platform, while security tokens represent ownership in tangible assets like stocks, real estate, or bonds.Governance tokens empower users to participate in decision-making processes of decentralized platforms, and stablecoins are pegged to real-world currencies to maintain price stability.

Understanding these token types is crucial for businesses and developers aiming to launch blockchain-based projects. Collaborating with an experienced crypto token development company can ensure the right token model is selected, developed, and deployed efficiently. These companies offer end-to-end services from token creation and smart contract development to integration with wallets and exchanges, enabling startups and enterprises to leverage blockchain technology with confidence and precision.

 Overview of Crypto Token Types:

Utility Tokens:These tokens grant users access to specific products or services offered within a blockchain ecosystem. For example, users may need utility tokens to use a decentralized app (dApp) or participate in a network.

Security Tokens: Represent ownership in real-world assets like stocks, real estate, or bonds. These are regulated by financial authorities and are often used for fundraising through tokenized securities.

Governance Tokens: Holders of these tokens can vote on decisions related to the protocol’s development and operation, enabling decentralized control over projects like DeFi platforms.

Payment Tokens: These are designed to be used as digital currency for payments and transfers. Bitcoin and Litecoin are examples, primarily used for peer-to-peer transactions.

Stablecoins: Pegged to a stable asset like the US Dollar, these tokens are used to reduce volatility in the crypto market. Popular examples include USDT and USDC.

Non-Fungible Tokens (NFTs):Additionally, there are non-fungible tokens (NFTs) — unique digital assets that signify ownership of artwork, music, collectibles, or virtual items. Unlike regular tokens, each NFT is one-of-a-kind and cannot be traded on a one-to-one basis.

For more details about the different types of crypto tokens, check out this blog post. The diversity of crypto token types reflects the growing demand for blockchain solutions across various industries. From enabling decentralized finance (DeFi) to supporting NFT marketplaces and DAO governance, tokens play a central role in the digital transformation of traditional systems. Each token type—be it utility, security, governance, or stablecoin—caters to specific use cases, and choosing the right one is critical for the success of a blockchain project.

Explore a detailed breakdown of Ethereum's ERC token standards, including ERC20, ERC721, ERC777, and more. This comprehensive guide helps beginners and developers understand the role and relevance of each standard in the blockchain ecosystem. A must-read for anyone involved in token creation or Ethereum-based projects.

If you’ve been researching how to launch your own crypto token, one of the first questions that probably comes to mind is: “What’s the cost to create a crypto token?” It’s a smart question — and the answer isn’t always as simple as you might think.

In 2025, creating a crypto token is easier than it was a few years ago, thanks to better tools, platforms, and developer support. But the overall cost to create a crypto token can still vary a lot depending on what you want to build and how you want to launch it.

Key Factors That Affect Token Creation Costs:

Blockchain ChoiceEthereum, BSC, Solana, and Polygon are some of the popular options. Each has different transaction fees, development tools, and community support. Your choice here plays a big role in the overall token creation process. Token FeaturesA basic token with standard functions (like transfers) costs much less than one with advanced features like reflection, burn mechanisms, staking support, or anti-whale logic. The more custom features you want, the more complex the development becomes.

Development ApproachAre you hiring a developer or using a token creation tool? While drag-and-drop token generators may seem cheaper, they might not offer long-term flexibility or security. On the other hand, a custom smart contract gives you full control but usually involves higher development effort.

Audit and SecuritySecurity is crucial. Even if you’re launching a meme token or a utility token, you need to make sure your smart contract is safe. Audits may increase your upfront cost but save you from huge losses in the future.

Launch SupportDo you need help with branding, website creation, whitepaper writing, or marketing? These are often underestimated costs in the token creation process but are essential for building trust and visibility.

Why Planning Ahead Matters

Understanding the full process helps you avoid overspending or underestimating what’s needed. Some people jump in thinking it’s just about creating a contract and deploying it — but there’s more to it. From smart contract deployment to token listing, from community building to post-launch updates — every step requires planning and sometimes budget.

Free Resource for Founders

I’ve worked with several crypto founders recently and compiled everything I’ve learned into a simple guide. It explains the entire process in plain terms — perfect for first-time token creators or startups launching their first Web3 product.

You can check it out here Cost to create a crypto token