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...
MATIC is anERC-20token, meaning that it's compatible with other Ethereum-based digital currencies. MATIC (expected to change and migrate to a new token, POL, in 2024) is used to govern and secure the Polygon network and to pay network transaction fees. Key Takeaways The Polygon platform,...
ERC20is a standard forfungible tokenson the Ethereum blockchain. Short forEthereum Request for Comments 20,ERC20defines a set of rules and functions that Ethereum-based tokens must adhere to, ensuringinteroperabilityandcompatibilitywith the various applications,wallets,crypto exchanges, and smart contr...
The interesting part is that Paxos doesn’t charge any fee for the purchase and redemption of Pax Dollars. Pax Dollar Tokenomics Pax Dollar is an ERC-20 token built on the Ethereum network. With a circulating supply of 945.6 million tokens, Pax Dollar has a market cap of $946 million. ...
What is the $IMX Crypto Token? The $IMX crypto token, also known as $IMX, is an ERC-20 utility token that powers the Immutable ecosystem and rewards the builders, traders, and marketplaces that support the network. At the time of writing, the $IMX price is 42 cents per token,...
AUDIO is a native cryptocurrency platform that can be used by anyone. It is an ERC-20 token that acts as a utility token. A wrapped version of the token is available on blockchain networks like Solana as well. Here we have made the price predictions on the token for the coming years....
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...
What is a BRC-20 token? Bitcoin Request for Comment 20 (BRC-20) tokens were created in March 2023 byDomo, an anonymous developer. BRC-20 tokens are similar to ERC-20 tokens, which are built on the Ethereum blockchain. “This is just a fun experimental standard demonstrating tha...
This reserve is maintained by Tether Limited as an effort to allow USDT to trade at the same value as the US dollar.A breakdown of Tether's reserves (Image source) Why was the USDT (Tether) token created? At the time USDT was launched, Bitcoin and other early cryptocurrencies could only...
Augur token: $REP (reputation token):$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 tomake investing faster, less expe...