DEV Community

Cover image for BEP 20 tokens which are worth investing in
Stella Johns
Stella Johns

Posted on • Updated on

BEP 20 tokens which are worth investing in

Binance Smart Chain is one of the important blockchain systems which was created by the cryptocurrency trading platform Binance. Main motive of this platform is development of DeFi Protocols and Dapp.

BEP20 is a native standard of the Binance smart chain. It is an extension of the ERC20 token.

BEP 20 is a user-friendly token standard that permits users to deploy tokens or currencies that are fungible on Binance Smart Chain, and BNB fuels BEP 20 tokens transfers.

It is a standard token on Binance Smart Chain that has all the necessary functionalities like transferring, viewing token ownership, and returning a balance.

Why should one choose BEP 20 tokens ?

1) It supports token swap with BEP2.
2) It includes Minting and Burnable features.
3) It has Low transaction cost .
4) Tokens from different blockchain can be pegged on this token.
5) Many wallets support BEP-20 tokens.
6) It is Compatible with the BEP2 and ERC20 platforms.

Tokens to invest

PancakeSwap (CAKE)

PancakeSwap native token called CAKE was built under a Bep20 token which was launched on Binance Smart Chain, the main function of CAKE is to incentivize the liquidity provision to the pancakes as a platform.

Users can easily stake their tokens to earn rewards. It gives an opportunity to the users to invest and increase returns, CAKE can be used to enter a lottery pool on a Pancakeswap.

WBNB

Wrapped BNB was the wrapped version of the BNB native tokens on the BEP-20 Standard which was built under Binance Smart Chain.

This token will also extend ERC20 to facilitate the cross-chain transfer. It can be traded directly with any alternative tokens.

S Shib (SUPER SHIB)

S Shib (SUPER SHIB) is a cryptocurrency, deployed on Binance Smart Chain(BSC BEP-20). It is a decentralized financial payment network that rebuilds the traditional payment stack on the blockchain.

It utilizes a basket of fiat-pegged stablecoins, algorithmically stabilized by its reserve currency SUPER SHIB, to facilitate programmable payments and open financial infrastructure development.

GAMEIN

GAMEIN token is a BEP20 based Gaming token and the native currency for the Game Infinity gaming universe.

The GAMEIN token will be used for all transactions within the Game Infinity portal such as gaming fees, winning rewards, and referral rewards.

The token will also be used to make Payments when you buy and sell gaming NFT’s.

The users can trade tokens on exchanges to new Game Infinity users, gaming brands — or just hold and sell at crypto exchanges later- just like other BSC tokens.
link: https://gameinfinity.io/

BUX

BUX Token was built under a Binance Smart Chain Powered BEP20 utility token which can be used on the BUX Crypto platform to trade with 0% commission and premium features.

It aims to enrich a range of community features so it offers more advantages on the BUX crypto platform.

BakeryToken (BAKE)

BakerySwap is a decentralized automated market-making (AMM) protocol and it was based on the Binance Smart Chain, BakeryToken (BAKE) token is a native Bep20 governance token on this platform.

BAKE token holders can use their tokens for governance voting and to receive a transaction fee. BAKE token has on-chain monitoring and security checks.

Conclusion

BEP 20 is a user-friendly token standard that permits users to deploy tokens or currencies that are fungible on Binance Smart Chain, and BNB fuels BEP 20 tokens transfers.

It supports multiple utilities such as trading fees, exchanges fees, listing fees and any other fees on the binance exchange.

Discussion (0)