In general, Many users venture into the crypto platform to generate passive income and finds interest in creating a crypto token for business activities. Ethereum blockchain is represented to be the foremost and secure blockchain in the crypto ecosystem for token creation.
The Ethereum ERC20 token can be specified as a fungible token that can be traded on the crypto exchange platforms. ERC20 tokens can be used effectively in crypto crowdfunding platforms. ERC20 tokens are cost-effective, secure, Fosters quick fundraising, and other advantages.
Mintable ERC20 Token Functionalities
1. Mintable is an added feature for token creation where the new tokens can be added to the total supply.
2. As the Mintable features allow the user to create a token without fixing the total supply which is a notable factor.
3. The ERC20 can be created by implementing the minter role function in the blockchain. Minting tokens is about sending a transaction to create a new token inside a smart contract.
4. A call to a smart contract function can create an unlimited number of tokens without spending more computational energy on the blockchain.
If you would like to create and deploy crypto-token, as you can implement the code functionalities directly on the blockchain.
If you would like to create a crypto token without learning solidity (code), you can approach a good service provider for token creation.