BEP20 tokens are trending of late because of the use cases they present to the market, thanks to the Binance Smart Chain blockchain network. Here in this article, we have compiled the list of the top 12 Binance Smart Chain BEP20 tokens list in 2022. But what are BEP20 tokens? And, why are they in so much demand right now? Is BEP20 the only standard from Binance Smart Chain or have we got more standards? Let’s shed some light on the basics before we head into the list.
What Are BEP20 Tokens?
BEP20 is a developer-friendly token standard that helps anyone create fungible digital cryptocurrencies/tokens on the Binance Smart Chain blockchain network. BEP-20 token standard is compatible with ERC-20 Ethereum token standard because Binance Smart Chain (BSC) is an Ethereum main net fork. Hence, its usage is found wide across various decentralized applications.
Why Are BEP20 Tokens Trending Of Late?
The rise of the Binance Smart Chain network is much attributed to the much-needed infrastructure it presented to the blockchain world. But how did it work for the common community, entrepreneurs, and developers?
Here are some reasons:
- The Binance smart chain consumes lower gas fees. Hence, more BEP20 tokens are minted.
- Binance Launchpad facilitates the quick launching of blockchain projects.
- Launching on Binance Smart Chain offers several financial and non-financial incentives.
Now that we know why BEP-20 tokens are appropriate for a blockchain business, let’s analyze the top 12 Binance Smart Chain BEP20 tokens.
Top 12 Binance Smart Chain BEP20 Tokens List
1. Binance USD
Binance USD (BUSD) is a 1:1 USD-backed stablecoin. It was issued by Binance and approved and regulated by the New York State Department of Financial Services. BUSD has major applications in DeFi. Some of them are as follows.
- Users can easily transfer BUSD anywhere in seconds at a low cost and on the network.
- Users can easily trade BUSD on different exchanges.
- Users can use BUSD as collateral in trading Futures.
- Users can stake BUSD on an exchange’s wallet for higher APY.
Owing to such highly valuable use cases, BUSD sits atop the list of Top 12 Binance Smart Chain BEP20 Tokens.
One of the most famous Binance Smart Chain tokens is the Pancakeswap token CAKE. CAKE is a BEP20 token launched on Binance Smart Chain. Its main functionality is to incentivize the liquidity pools on its decentralized PancakeSwap platform.
CAKE can be staked to earn more rewards by locking them up in the platform. This process is called farming and as a result, it is further rewarded with CAKE tokens. Also, CAKE tokens can be used to enter lottery events on PancakeSwap. If you have CAKE tokens, you can easily trade them for an NFT on the same platform.
RUNE is the native utility token of the THORChain platform. It’s the base currency in the THORChain blockchain ecosystem. It is also in the governance process and security measures such as Sybil resistance mechanisms. The whole team is incentivized by just holding RUNE. RUNE token is right now available on various blockchain platforms such as BinanceSmartChain (as a BEP-2 token) and Ethereum (as an ERC20 token). At the time of writing, the market cap of RUNE is $684,470,248, valued at $2.07 with a circulating supply of 330,688,061.33 RUNE.
4. Trust Wallet Token
TWT - Trust Wallet Token - is one of the best BEP-20 tokens. It provides a whole lot of benefits and incentives to the users of Trust Wallet such as unlocking discounts on in-app purchases and use of other decentralized services. TWT could be one of the simplest BEP-20 tokens yet it made its way into the list of Top BEP20 Tokens list because of its governance functionality. TWT was launched as a BEP-2 asset on Binance Smart Chain but then was relaunched as a BEP-20 token. Trust Wallet Tokens are eligible for transfer to any decentralized wallet that supports Binance Smart chain assets, can be used as payment assets, etc.
EPX is the native BEP20 token of the Ellipsis protocol. They are primarily used to incentivize liquidity providers of the platform. 132 billion is the total supply of EPX tokens. The whole supply is used for incentivization. EPX holders lock the tokens to earn more vlEPX. The long they lock EPX tokens, the more vlEPX tokens they receive. The newly minted tokens help users vote on the distribution of incentives, receive platform fees and also boost other in-house EPX rewards.
MBOX, the native BEP20 utility token of the Mobox platform, is used as an in-game currency. Users can easily facilitate purchases such as buying new additional characters, participating in lottery wheel, and incentives for gaming activities such as winning in player-versus-player battles. MBOX holders can also decide on the platform’s development and roadmap by submitting their votes on proposals. Staking is yet another provision designed to obtain rare MOMO NFT mystery boxes, which can then be traded in the MOBOX NFT marketplace.
7. BNB Coin
Binance cryptocurrency exchange has its own BNB coins to help users trade and pay fees on the platform. Binance coin (BNB) users receive a discount on the transaction fee as an incentive. Other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc can also be exchanged for BNB coins. BNB is one of the top BEP20 tokens because it can also use a payment option for crypto credit card bills. This provides better flexibility in payment methods for global users of crypto.
BSW token is the native currency of Biswap, the decentralized exchange for BEP20 tokens on the Binance Smart Chain. It offers the lowest transaction fee at 0.1%. The total supply of Biswap tokens is 700,000,000. For initial liquidity, marketing programs, and strategic partnership options, 10,000,000 BSW tokens were allocated. 400 000 BSW tokens (out of these 10,000,000) were utilized to protect the initial liquidity. It is done to ensure the users can perform hassle-free exchanges and experience all the elite provisions on the platform.
BUX is a Netherlands-based cryptocurrency exchange, and BUX token is its native utility token of the BEP-20 standard. Using BUX, people can buy 20+ cryptocurrencies without any commission. BUX eases the process of purchasing cryptocurrencies and switching wallets. Since it guarantees high safety standards and continuously performs well in the tech advancement space, BUX is easily ranked among the 12 top BEP20 tokens based on market cap. Any user who holds at least 1000 BUX can enjoy commission-free trading.
10. Alpha Finance Lab
The ALPHA token is the native BEP20 token of Alpha Finance Lab, the cross-chain decentralized protocol. It drives DeFi and cross-chain liquidity. The platform also comprises digital trading tools that focus on increasing returns and minimizing user risks. The entire platform and the token are built on the Binance Smart Chain. To get the general population involved with decentralized finance, it launched Alpha Lending. Key building blocks and talent upgradation are taken care of by Alpha Launchpad. ALPHA, the governance token, is created to act as a gateway to the whole Alpha ecosystem. ALPHA acts as the core utility token across all the portals of Alpha protocol, which includes reward sharing and staking too.
SafeMoon is a DeFi token. It has three functions: Reflection, Liquidity Pool Acquisition, and Burning. It’s a blend of RFI tokenomics and auto-liquidity generating protocol. Also, SafeMoon has laid out plans to build its NFT exchange. Based on the total number of coins users have, they can earn more SAFEMOON. This can go even up to 80% APY, which is monumental when compared with conventional bank accounts. SAFEMOON will skyrocket in the nearby future due to its coin-burning mechanism.
Venus, the algorithmic synthetic stablecoin platform, was launched on Binance Smart Chain (BSC). Venus helps users easily borrow against collateral at high speed without losing a major chunk in the name of transaction fees. Thus, the platform facilitates simple asset lending and borrowing for DeFi enthusiasts and newcomers. VAI tokens are synthetic BEP-20 tokens. They are pegged to the value of one USD. Though XVC tokens are also BEP20-based, they are used for governance features of the platform since it’s controlled by the XVS community. The main USP of Venus is its high speed and low gas fee, which are easily brought to the users by building it on top of the Binance Smart Chain. Venus was the first platform to help users unlock lending markets for BTC, XRP, LTC, and other top cryptos to bring in liquidity.
How to Create Binance Smart Chain BEP20 Standard Tokens?
Creating your Binance Smart Chain BEP20 standard tokens has become quite easier these days. The first step to development is partnering with a BEP20 token development company and brainstorming on the business use cases and your project scope.
Nodalsoft Technologies, the BEP20 token development company, helps you create your Binance Smart Chain BEP20 standard tokens at an affordable budget and in a shorter time. You can avail of our services in developing tokens of any other standard too from the BSC network.
Your Perks of Collaborating With Nodalsoft Technologies for BEP20 Token Development
Nodalsoft Technologies is an emerging Token Development Company that helps fintech entrepreneurs create crypto tokens on multiple blockchain networks such as Ethereum, Binance Smart Chain, Solana, TRON, EOS, Polygon, etc., Here are some of your perks of collaborating with us.
- Prompt technical support.
- Affordable budget.
- Created with the latest smart contract tools.
- The expertise of 50+ in-house developers.
- Beyond development, we intend to elevate your brand with branding.
- Led by a team that never compromises on quality and efforts.
- Transparent communication system with project leads.
- Plugin and API integration options.
- Industry-compliant security practices.
- Development with cross-platform compatibility.
- Customized white label solutions.
- Marketing support.
- 200% system efficiency.