In this article, we look deep into MetaHero Token Development, what it is, why you need it, and the cost of developing a Metahero Token from scratch.
Whether you’re looking to build your own MetaHero (HERO) Token or are just intrigued about this new, powerful cryptocurrency, here’s everything you need to know about the cost of MetaHero token development, along with the process, features, and benefits.
Build your own custom MetaHero-like token. Connect with SAG IPL Token Development Company today!
There are hundreds of cryptocurrencies in the world, and more are being created as we write. Out of so many crypto tokens, only a few have been able to make any real impact. $HERO, the native cryptocurrency of MetaHero, is one such token that has been disrupting the industry with its impactful concept.
MetaHero was launched in June 2021 as a blockchain platform allowing people to render their 3D avatars for use in gaming, e-commerce, and various other Metaverse applications. $HERO is the cryptocurrency that gives access to the MetaHero platform and all its incredible features. In this article, you’ll learn about the MetaHero ecosystem, how it works, and what goes into building a MetaHero token.
MetaHero is a blockchain-based metaverse ecosystem that aims to improve the way humans interact with the digital world. It uses modern technologies including advanced imaging and machine learning to let people generate their virtual avatars that can be used for enhanced digital experiences in the metaverse.
The platform uses ultra-realistic 3D technology to generate 3D avatars of people and objects. It involves scanning a person or object to render its 3D avatar.
Anyone can ‘Book A Scan’ to generate their metaverse avatar through MetaHero. The service costs 11,247 HERO and is available in certain locations (check the website).
MetaHero is built on top of the BNB chain, providing robust security and resilience for user assets and data. The team aims to make the web3 space accessible to millions of people worldwide through its innovative digital avatar platform.
The MetaHero ecosystem encompasses different aspects and services, including an NFT marketplace, an avatar manager, and the facility to integrate virtual avatars with gaming apps and e-commerce platforms.
$HERO is the native token of the MetaHero platform.
$HERO is the native utility token of MetaHero and can be used to pay for various transactions and services within the MetaHero ecosystem, including payment for digital avatar scans and virtual try-ons.
As a BEP-20 token, HERO also facilitates the secure and transparent monetization of 3D avatars through native smart contracts. Users can monetize their digital avatars and objects and get paid in $HERO.
As a utility token, HERO has several utilities within and beyond the MetaHero Ecosystem. These include–
Weighted Voting rights: Holders can vote on the platform’s decisions.
Revenue share: 10% of the platform revenue is distributed amongst the top 20% of HERO holders.
Early access to services: HERO Token holders get exclusive or early access to the ecosystem’s services.
Exclusive Discounts on services: Special discounts and offers on services might be available for investors.
Priority marketplace listings: HERO owners get priority over others to list their digital avatars on the marketplace.
Exclusive digital/ real-world item drops: They are eligible for exclusive rewards, including airdrops.
Top Features of MetaHero Token Development
Wondering why you should consider MetaHero for your next token development project?
HERO token development is a perfect choice for those planning to build a high-potential crypto token with advanced features, robust security, and endless utilities. Developing a MetaHero-like token can help your business grow in the metaverse space and attract more clients to your web3 game or app.
You can expect the following features in your HERO-like token:
Security: HERO is built on the highly secure BNB Chain, allowing users to store and manage their tokens without threats.
Utility: As previously mentioned, the HERO token has numerous utilities and uses within the MetaHero ecosystem. It can be used to purchase avatars and virtual assets.
Liquidity: HERO can be seamlessly traded on many top exchanges, ensuring ample liquidity for its holders.
Staking: HERO is enabled for staking, allowing users to stake their tokens and earn more tokens in return.
Deflation: A portion of the overall supply of HERO tokens is burnt regularly to help retain or increase the token value over time.
Governance: HERO token holders get exclusive voting rights within the MetaHero ecosystem.
MetaHero Token Development Process
The cost of MetaHero token development may depend on several factors, including the development process, the features and functionality you want in your token, complexity, development time, and the type and cost of the token developer.
The MetaHero token development process is the most crucial and major factor to affect the development cost. Here’s what it involves:
1. Choosing a Blockchain
HERO token is based on the BNB chain, which is an advanced and extremely secure blockchain, perfect for most projects. However, if your project has different requirements, you can consider selecting another blockchain like Ethereum. Make sure that your blockchain selection fits your specific project goals.
Additionally, you need to decide the type and purpose of your token. Whether it’s a utility token, a currency, or both. HERO is a BEP-20 utility token.
2. Token Development Plan
Once you have selected a blockchain for your token creation project, you can start building a development strategy, including the steps to build a token. Make a list of your requirements and the features to include in your HERO token. Form a plan to build each feature the way you want.
Explicitly define each step of the process, including things to keep in mind. This will allow the developer to have a clear idea of your expectations and goals.
3. Hire A Blockchain Developer or DIY
Blockchain developers with experience in token creation can always try to build a token on their own. However, you should know that token development can be a tiresome and complex process and may require you to dedicate a lot of time. This is why most businesses and startups choose to outsource token development, which is usually more efficient and cost-effective.
You can easily find and hire a good crypto token developer company for your HERO token. Just be clear about your needs and goals and find a developer whose skills match your requirements.
4. Technical Stack and Development
A crucial stage in the Metahero token development process is the technical stack. This involves building the user interface of your token platform and the back end.
UI/UX development
Smart Contract
Server and Database
Token Wallet
It is important to build an attractive and interactive interface for your token that is easy to use for potential users. Keep the design simple but engaging. Hire a professional UI/UX designer.
When building your token, you need to define its tokenomics, including the total supply of tokens, base value, deflation mechanism, distribution, transfer, and utility of the token.
The smart contract development process involves writing a smart contract (code) in an appropriate programming language to define and manage your token’s functionality.
Finally, we build a compatible and secure digital wallet for your token, allowing investors to securely store, transfer, and manage their tokens at low cost.
Our team rigorously tests your token, smart contract, app (website), and wallet for bugs and vulnerabilities and fixes the issues.
5. Token Launch and Exchange Listing
Your MetaHero token is ready for launch. Now, you can start preparing the token launch schedule or get your token listed on your preferred exchanges, allowing people to buy and trade it.
When you outsource MetaHero token development to an experienced company like SAG IPL, we take care of the entire development process for a one-time price. This covers all the above steps and additional design and technical support. We have an in-house team of 200+ professionals with expertise in blockchain, token, and smart contract development and crypto marketing.
MetaHero Token Features Development
Other than the development process, the cost of HERO token development will depend on the token features, which may include–
Payment currency: HERO token is used for various kinds of payments within its ecosystem, including buying virtual objects, avatars, virtual property, and more.
Avatar creation: People can use your HERO token for 3D avatar creation on your platform.
Monetization: HERO tokens are also enabled for monetization, i.e. users can earn rewards by using their tokens through features such as staking, roleplay, and more.
Other functionalities: The more functionalities and features you want in your token, the higher the development cost.
Calculating the Cost of MetaHero Token Development
The estimated cost of a HERO token development project can be determined based on the above factors. The average cost of building a token like MetaHero should be between $1000 and $5000. You can contact SAG IPL for a more accurate estimate based on your project’s needs and goals.
The development process & time: The more time it takes to build the token, the higher may be the cost. The average cost based on development time is $50-100/hr.
The features and functionality: The more features, the higher the token development cost.
Smart contract development cost: $500-$700
Token website & white paper development: $200-$400
UI/UX development: $100-$200
Backend development: $200-$300
Token wallet development: $300-$500
Development complexity:
Simple/basic token development cost: $1000-$2000
Complex token with high-end features: $2000-$5000
Token type
ERC token development cost: $500-$1000
Security token cost: $1,000 to $2,000
Utility token: $500-$1000
BEP-20 Token development cost: $500-$1000
The developer cost
The average hourly rate of crypto token developers is $50-100/hr.
Conclusion
MetaHero has become a popular crypto platform with a game-changing use case in the metaverse ecosystem. $HERO, the native token, has outstanding utilities that help drive its value over time. This makes MetaHero token development the right choice for your next project. Creating a token like HERO for your Web3 project can help you attract more users quickly and become popular by offering robust Web3 solutions with unmatched security.
To build your custom MetaHero token with unique features and high security, contact SAG IPL crypto token development company. Make sure to explicitly tell your requirements and goals for token development to get your perfect token at the right price.
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