Smart Contracts and Token Development in Chandigarh — What Developers Need to Know
Token development is one of the most requested blockchain services in India in 2026. Every week, new projects approach development companies wanting to launch a token — for fundraising, for platform utility, or for building a DeFi ecosystem. But the technical complexity varies enormously depending on what the token needs to do.
This post covers the main token types, what development involves technically, and what to check before hiring a team for token development Chandigarh.
ERC-20 — The Standard Fungible Token
ERC-20 is the most widely deployed token standard on Ethereum. It defines a fungible token — every unit is identical and interchangeable. Most cryptocurrency tokens, governance tokens, and utility tokens use ERC-20.
A basic ERC-20 token with standard mint and burn functions is not technically complex. An experienced Solidity developer can write and deploy one in a day. The complexity comes from the tokenomics layer — vesting schedules, anti-whale mechanisms, tax on transfer, staking rewards, and multi-sig treasury management. These additions require significantly more development and testing time.
ERC-721 and ERC-1155 — NFT Standards
ERC-721 is the standard for non-fungible tokens — each token has a unique ID and cannot be exchanged 1:1 with another. ERC-1155 is a multi-token standard that can handle both fungible and non-fungible tokens in one contract, which reduces gas costs significantly for projects that need both.
NFT development beyond the contract itself involves metadata storage on IPFS, a minting interface, reveal mechanics, royalty routing, and marketplace integration. The contract is the smallest part of an NFT project.
BEP-20 — BNB Chain Tokens
BEP-20 is the BNB Chain equivalent of ERC-20. It is technically similar to ERC-20 but deploys on BNB Smart Chain where gas fees are significantly lower. Many Indian crypto projects prefer BNB Chain for this reason — transaction costs are a fraction of Ethereum mainnet.
What to Check Before Hiring a Token Developer
Ask to see a verified contract on a blockchain explorer. Etherscan for Ethereum, BscScan for BNB Chain, PolygonScan for Polygon. If a developer cannot show you a verified deployed contract they have written, they have not shipped real token code.
Ask about audit readiness. Any token that will be listed on an exchange or used in a DeFi protocol should pass a smart contract audit. Ask if the developer writes audit-ready code and whether they have worked with audit firms before.
IT Marketz delivers token development from Chandigarh with verified mainnet deployments. They work across Ethereum, BNB Chain, Polygon, and Solana.
