MelindaRichards
Member
Currently, blockchain and cryptocurrency are the best industries for budding startups to make money. In that case, one of the most exciting opportunities the blockchain provides for startups is, the ability to create a unique digital asset through ERC20 tokens.
A Mintable ERC20 token is the token with non-fixed total supply. It allows owners to mint tokens whenever they want. And it also has a disabled minting method that stops the minting process. This may helps startups to increase their token supply. So in this article, let's look into highlights of why startups should consider creating a mintable ERC20 tokens.
A Mintable ERC20 token is the token with non-fixed total supply. It allows owners to mint tokens whenever they want. And it also has a disabled minting method that stops the minting process. This may helps startups to increase their token supply. So in this article, let's look into highlights of why startups should consider creating a mintable ERC20 tokens.
- The token holder can mint new tokens at any time, whenever they need.
- A mintable ERC20 token allows startups to raise capital through Initial Coin Offerings. So, you can attract the global crypto audience easily and raise your required funds in a hassle-free manner.
- It offers startups an innovative way to incentivize customers and investors. Startups can offer rewards, loyalty points, or dividends in the form of tokens, which can be redeemed for products or services.
- It allows startups to reach a global market for their tokens.
- Since the usage of ERC20 tokens is increasing, many people will show interest in buying new mintable ERC20 tokens. It would help you to become a successful entrepreneur in the blockchain industry.
- ERC20 tokens provide startups with a unique opportunity to generate a secondary market. This market allows for buying and selling of tokens between investors, which can increase the token's demand and value.
