What are the key steps in token development?

Token Development typically follows a structured process to ensure functionality and security. It begins with defining the token’s use case, supply model, and distribution strategy. The next step is choosing the appropriate blockchain and token standard such as ERC-20 or BEP-20. Smart contracts are then written to define token rules like transfers, minting, and burning. After development, rigorous testing is conducted to identify bugs or vulnerabilities. Security audits play a vital role in building trust among users and investors. Finally, the token is deployed on the mainnet and integrated into wallets, exchanges, or platforms. Post-launch monitoring and updates ensure long-term performance and compliance.
Learn more: https://www.blockchainappfactory.com/token-development