For those operating in the Web3 space, launching your own token can open up a host of new opportunities. Serving as units of value or digital assets, tokens offer exciting chances for community building, fundraising, incentivization, and much more.
However, choosing which blockchain on which to launch such an integral part of your project can be challenging. Among other factors, the blockchain you choose for your token launch needs to deliver:
- Security
- Streamlined deployment
- Interoperability
- Scalability
- Community engagement
- Developer support
BNB Smart Chain (BSC) – the world’s largest Layer 1 blockchain by daily active users – is a preferred choice for projects launching new tokens. BNB Chain’s governance chain, BSC offers mature infrastructure and top-notch security, all in a low-cost and diverse DeFi ecosystem.
Why Launch Your Token on BSC
Launching a token on BSC brings a broad range of advantages. The lightning-fast block times of just 3 seconds, coupled with the lowest gas fees (<$0.03) among L1 blockchains, make BSC an efficient and cost-effective choice. In addition, it boasts 4.6 times the transaction carrying capacity of Ethereum and is capable of processing 5,000 transactions per second (TPS).
BSC enjoys support from all major centralized exchanges (CEXs) and Ethereum Virtual Machine (EVM) compatibility for easy app portability. It also offers a plethora of developer resources available for both beginners and experienced developers.
BSC’s thriving community of over 1.3 million daily users ensures a supportive and high-potential environment for token projects. Incentive programs further accelerate growth, while sophisticated security systems protect against exploits and scams. BSC’s commitment to high performance is evident in features like the path-based storage system (PBSS) to manage chain bloat and parallel transaction execution to unlock greater scalability.
Q&A – Token Launch on BSC
Is BSC secure?
With AvengerDAO and the Red Alarm risk scanner working in tandem, BSC has advanced security infrastructure in place to protect users from risk. BNB Chain experienced an 85% reduction in total losses from hacking or scams in 2023.
How do I deploy my token on BSC?
Regardless of your level of coding experience, launching a token on BSC is simple and can be done in five easy steps.
How much does this all cost?
BSC offers the lowest gas fees of any L1, with fees coming in at an average of $0.03. In part because of this, it is home to some of the largest DeFi protocols, including Aave, Renzo, and PancakeSwap.
How do I get the community to engage with my token?
BSC boasts over 1.3 million daily active users (DAU), making it the world’s largest Layer 1 blockchain by DAU. BNB Chain also offers a range of co-marketing support to its projects to help them reach the community.
Is BSC interoperable?
BSC offers a range of bridges, allowing for the transfer of assets to and from other chains. In addition, with “One BNB”, BNB Chain has integrated BSC, opBNB (scalability L2), and BNB Greenfield (storage blockchain) into a cohesive ecosystem. This ensures seamless interaction between decentralized computing and storage solutions.
Will BSC slow down during traffic spikes?
During its peak, BSC achieved an all-time high of 32 million daily transactions with a remarkable throughput of 2,000 TPS, surpassing industry benchmarks for EVM-compatible blockchains.
Further Support for your Project
For further support – and as part of its mission to realize mass Web3 adoption – BNB Chain offers multiple builder support resources and incentive programs. For example, it has a suite of developer programs including the TVL Incentive Program and the Most Valuable Builder (MVB) Program.
Since its launch in 2021, MVB has received over 4,200 applications globally, with over 80 of those projects being accelerated. Many MVB projects have gone on to be listed on top-tier centralized exchanges. In the most recent two seasons of MVB, 5 projects came to be listed on centralized exchanges.
BSC plays a pivotal role in empowering the broader Web3 ecosystem. Its mature infrastructure, low costs, high performance, thriving ecosystem, developer support, and collaborative network position BSC as the ideal place for developers to launch their tokens.
Disclaimer: This is a paid post and should not be treated as news/advice.
