Let’s start with the basics:What is an ERC20 token? In recent years, the ERC20 token specification has become the defacto standard for Ethereum tokens. In other words, most Ethereum contracts out there today are ERC20-compliant. This article will detail how you can create your own Ether...
An overview of ERC20, the token standard that promotes interoperability across the Ethereum blockchain network and its many applications.
Wrapped Bitcoinis anERC-20 cryptocurrency tokenthat runs on the Ethereum blockchain and is intended to bebacked 1:1byBitcoin. To attempt to keep the prices of wBTC and BTC stable, for every wBTC token issued, there should be anequivalent amountof Bitcoin held in reserve by a custodian. (I...
1. Create Your Token Use the Token Tool tocreate an ERC-20orBEP-20 tokentailored to your project. The intuitive interface allows even non-technical users to generate a compliant token in minutes. 2. Launch a Liquidity Pool Pair your newly created token with a base cryptocurrency (e.g., ...
the token is simply a utility token, meaning it gives the owner access to a specific protocol or network; thus it may not be classified as a financial security. On the other hand, if the token is an equity token, meaning that it's only purpose is to appreciate in value, then it look...
Gas fees are paid with its native token called IMX, an ERC-20 compatible token that serves as a governance and utility token. Loopring Loopring is yet another Layer-2 protocol that is a Polygon competitor. The protocol prides itself on being “an open-source, audited, and non-custodial exch...
The Augur token is REP (reputation token). REP is an ERC-20 token used on the Augur platform to create a prediction market, buy participation tokens, or dispute an outcome. Asset management Another class of service offered by DeFi is asset management. It intends to make investing faster, le...
Pax Dollar is an ERC-20 token launched by Paxos Standard in September 2018. Charles Cascarilla and Rich Teo, the co-founders of Paxos Standard, introduced the Pax Dollar. The company employed former Silicone Valley and Wall Street Employees to introduce a payment system that complies with the...
ERC-20 is a list of functions and events that must be implemented into a token to be considered ERC-20 compliant. These functions (called methods in the ERC) describe what must be included in the smart-contract-enabled token, while events describe an action. The functions a token must have...
POL (formerly called MATIC) is anERC-20token, meaning that it's compatible with other Ethereum-based digital currencies. POL is used to govern and secure the Polygon network and to pay network transaction fees. Key Takeaways The Polygon platform, powered by the POL (formerly MATIC) token, ...