3 min read · Sep 7, 2023
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The increasing adoption of the Binance Smart Chain makes the BNB ecosystem one of the most relevant networks for smart contract issuances. The BNB network profited from a major increase in market diffusion since the number of unique BNB Smart Chain addresses more than doubled since June 2021. One year later, in June 2022, the total number of unique addresses reached a cumulative amount of almost 175 million unique addresses.
Step 1: Add Binance Smart Chain to your MetaMask
To be able to create a token on the BNB chain, you need to add the Binance Smart Chain to your MetaMask account or the wallet of your choice. As we are creating a smart contract, we will be using the integrated Binance Smart Chain.
Open the “Networks” Page in Metamask and click on “Add network”. Then, you need to fill in the information below according to whether you plan to issue your token on the BNB mainnet or testnet. When issuing your token on the BNB testnet, creating and transferring your token is free as fees are charged in BNB faucet coins.
or Use cointool to quickly add
Network name
- Mainnet: Smart Chain
- Testnet: Smart Chain — Testnet
New RPC URL
ChainID
- Mainnet: 56
- Testnet: 97
Symbol
- Mainnet: BNB
- Testnet: tBNB
Explorer
- Mainnet: https://bscscan.com
- Testnet: https://testnet.bscscan.com
Step 2: Ensure sufficient BNB funds in wallet
How much does it cost to create a bep20 token? The most basic BEP20 token costs 10 EUR when creating it using CoinTool.
Once you have set your wallet to the designated network, make sure to have enough BNB coins in your wallet. As you have to pay network and transaction fees in BNB, the transaction will only go through if you have sufficient funds available.
If you only plan to assess the functionality of your token, a test network can be used. Minting a token on the BNB testnet is similar to creating a token on the BNB mainnet. However, you pay gas and service fees using faucet coins. You can request a limited amount of faucet coins for free, using the BNB faucet request platform.
Step 3: Connect Wallet to CoinTool
First, open ct.app and connect your wallet to CoinTool by clicking on the “Connect Wallet” button at the top right. A pop up window will appear with the multiple supported wallet options. Select the wallet of your choice.
Step 4: Select Token Standard and Network
Depending on whether you want to issue a token using the BEP-20 or BEP-721 token standard, choose “Create Token” or “Create NFT” from Token Tool’s menu. To deploy your token on the BNB network, select “BSC” from Token Tool’s dashboard and in your wallet.
Please note that both, your wallet and CoinTool, must be connected to the BNB(BSC) network, otherwise a warning message pops up, reminding you that the selected network does not match the network from your wallet.
Step 5: Specify your Token’s Features and Create Token
Now, you need to specify your tokens basic and additional features. After reviewing the information you filled in, click on “Create Token” to deploy your token to the BNB(BSC) blockchain. As soon as you agree to CoinTool’s Terms and Conditions and confirm the transaction, your token will be automatically created and transferred to your wallet.
Congratulations! Your token has been successfully deployed to the BNB network.
