What is a token?
A token is basically a small part of a blockchain network that is mainly created on a mother blockchain network. Like SHIBA Inu was created on Ethereum Network. It’s just a simple part of a full blockchain network and anyone can create it with little code with a small smart contract .
What is the token standard ?
There are many kinds of token standards for different networks. The most popular is ERC20 Token that works on Ethereum Network. Another popular one is the BEP20 token. CAFE tokens are BEP20 tokens that runs on binance smart chain.
Token standards represent what token can be exchanged to what token and also it reminds you while you are sending a token. You need to select the correct network.
What is a Smart Contract?
Smart Contracts are little programs that run on the blockchain. These programs are needed to deploy on a Blockchain network. This program is mostly unstoppable or unchangeable. Once you deploy them on the network it is very hard to change and most of the time it’s not changeable at all. CAFE tokens use a very simple contract.
What programming Language is used to write smart contracts?
To write a smart contract we used Solidity Programming Language. It’s quite similar to javascript but much more powerful than javascript.
Why are we choosing Binance Smart Chain to Make our Token ?
We are going to make this token on Binance Smart Chain. Basically all the smart contracts that run on Binance Smart Chain also Run on Ethereum Network. We are not using Ethereum Network as the Gas (Transaction) fees are very high on ethereum network.
Roadmap How we will create an Token
- Step1: Installing Metamask Extension on Our Browser
- Step2: Creating a Wallet on Metamask.
- Step2: Fixed a Name and Short Name for our token. AC
- Step3: Coding the Smart Contract using Solidity Programming Language.
- Step4: To Coding the Smart Contract we will use an online compiler called Remix [ Remix.ethereum.org ]
- Step5: Adding Binance Smart Chain Network to Metamask. And load some BNB Coins.
- Step6: Connect The Metamask with Remix Deployer.
- Step7: Deploy the smart contract on Binance Smart Chain.
- Step8: Adding the Token on Metamask.my
- Step9: Send, Receive or Use the Token.
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