5 Important Reasons Why You Should Develop a Token

5 Important Reasons Why You Should Develop a Token

More than any other time in history, businesses are becoming easier to operate with the emergence of many blockchain projects that are coming up with solutions to complex business problems.

As a result, cryptocurrencies are becoming increasingly popular and according to CoinMarketCap, there are currently over 14,000 cryptocurrencies across different crypto exchanges.

In light of this development, businesses are already developing their tokens and Blockchain projects with decentralized applications (Dapps).

What are the benefits of having a cryptocurrency — is it worth it or not?

Below are five reasons why you should be looking forward to having your crypto token.

1. Financial freedom and flexibility

Cryptocurrencies are digital assets that cannot be monitored, tracked, or controlled by any financial institution such as central banks or government institutions. This means you have more financial freedom and flexibility as you can develop your currency to suit your business purposes.

You can also decide on the functionality of the currency. It can be developed to cater to specific business activities.

For instance, Macdonald can develop a token that their customers can use to purchase burgers. Besides, if you have a project or business online that involves international transactions, having your cryptocurrency can save you a lot of hassles and unnecessary expenditures.

2. Branding your business

Having your cryptocurrency is a plus to your brand value. This is evident in the case of giant organizations like Microsoft who have developed their cryptocurrency.

Getting up with the trends, having your crypto projects gives you that much-needed edge over your competitors as your customers begin to see you as a business organization that is technologically futuristic.

Your cryptocurrency enables you to provide your customers with more options in terms of payments and as cryptocurrencies are getting popular it will help your business broaden its appeal and reach out to a different range of customers.

3. Crowdfunding for a project

Cryptocurrency is a good avenue for raising funds for either small or large finances for the running of your business.

If you need only small initial funding to give shape to your business ideas or you want to run a crowdfunding campaign to support a profit or non-profit project — there’s nothing better than having your cryptocurrency which can do that for you with ease.

4. Security and Savings

It is indubitable that cryptocurrencies are far more secure when it comes to making transactions because they provide certain levels of security for your finances.

Having a dedicated token exclusively also saves you some significant dollars as well. With crypto, it is easier to keep track of transactions. You don’t spend extra time just recording and tracking transactions which you would do with fiat money.

This gives up to the savings that you would make at the end of the year. Moreover, if your project or business relies on international transactions you save on extra taxes and transaction fees each time you make a transaction.

5. The currency of the future

With the pace at which blockchain technology is evolving, there’s no doubt that cryptocurrencies will become mainstream means of exchange. So it is better to key into the world now than later.

The advantages one has with cryptocurrencies are already making it a preferred choice of means of exchange.

While fiat currencies are tracked and monitored by the government, more investors and customers are getting interested in projects that allow them to participate in business activities without any hindrance.

How to create a custom token

  1. If you want to create burnable token, follow these steps:
  2. Go to our website deployfreetoken.com website
  3. Select network type: ERC20 or BEP20
  4. Enter your token detail
  5. Click on Advanced Features link and select prefered featurs
  6. Enter your email
  7. Click deploy token
  8. Your custom token is ready!