How to Create your Own Security Token?
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In a crypto marketplace, launching a security token offering will earn more trustworthy investors for your business. It also gives confidence to investors because of the assets backed and the higher security offered by the security tokens. Security tokens are backed with some real-world tangible assets and managed by a smart contract. It also comes under SEC guidelines and government regulations.
Types of Security Tokens:
Here are the different types of Security Tokens
- Equity token
- Asset token
- Debt token
Each token has its unique set of characteristics and performs its role effectively. To accomplish better outcomes, it should be created with the required technical capabilities.
How to Create Your Own Security Token?
Security tokens can be developed in the Polymath token studio. It is a tool, where security tokens are created by Ethereum token standard ERC1400. If you want to create a Security token, you should follow certain steps in the Polymath token studio. They are,
- Sign in to your Metamask wallet
- User ID should be linked with Polymath
- Check token parameters with etherscan
Choose your service provider in Polymath to create security tokens.
By following these steps, you can successfully create your own security token. And it is now ready to use for STO crowdfunding. However, security token development requires deep technical knowledge and expert guidance. Creating on your own may lead to security risks and other functional flaws. In this regard, approaching a prominent security token development service provider would be an ideal option. They can assist you in meeting your fundraising needs with tech-friendly security tokens.
If you want to know more about detailed development procedure, take a look at this article >> https://bitly.ws/X4IM