Equip your business with ERC20 Token

 



What is an ERC20 Token?

ERC20 is an official protocol for proposing improvements to the Ethereum (ETH) network. ERC stands for Ethereum Request for Comment, and 20 is the proposal identifier. This is a common standard for creating tokens on the Ethereum blockchain. This token standard defines a set of rules that apply to all ERC20 tokens that allow them to interact with one another.

ERC20 Token is a blockchain-based asset with similar functionality to Bitcoin and Ethereum it can hold value and it to be sent and received. The main difference between ERC20 tokens are ERC20 tokens are created and hosted on the Ethereum Blockchain, where Bitcoin is created on the respective blockchains.ERC20 tokens are stored and sent by using ethereum transactions ad use gas to cover transaction fees. It was the first popular specification to offer Ethereum token standardization. This is due to its popularity and how it became increasingly known to investors. 

Why is ERC20 Token is important in ICO Development?

ICO gives an opportunity for promising projects, Ethereum is becoming the second most powerful cryptocurrency in the world to providing a platform for Dapp developers to create client projects. The ERC20 standard defines a common list of rules and functions that an Ethereum token has to implement before performing an Initial Coin Offering (ICO) or a crowdfunding platform.

Equip your business with ERC20 Token

Probably ERC20 token is the best thing that you can provide to your business and also makes the transactions easily acceptable at both the ends and bring ease into the whole process, You can easily utilize this ERC20token for your business and you just need to have a proficient token developer by your side.

Most Popular ERC20 Tokens list

  • EOS (EOS)
  • TRON (TRX)
  • veChian (VET)
  • ICON (ICX)
  • IOStoken (IOST)
  • Augur (REP)
  • OmiseGO (OMG)
  • Zilliqa (ZIL)
  • Aeternity (AE)

What are the six Fundamental functions in ERC20 Token?

totalSupply – It allows and indicates the total supply of tokens in the Ethereum ecosystem and it specifies how many may be created and mined.

balanceOf – It is an ERC20 Smart contract function and it allows storing and returning the balance of the address that can be provided.

approve() – It can approve the withdrawal addresses attempting to withdraw ERC20 tokens.

transfer() – It allows the transfer of ERC20 tokens from one address to another.

transferFrom() – It performs and allows the automatic transfer of the given amount of tokens.

allowance() - It can allow approving the given address for the withdrawal of tokens from their token owner's address

In order to create an ERC20 Token, you need to note down the following things

  • Token Name
  • Token Symbol
  • Token Decimal Places
  • Number of Token is circulation
  • Code of the contract
  • Verify the source code

Developcoins is the best ERC20 token development company which provides custom erc20 token creation & development services with experienced token developers.

Create your own ERC20 Tokwn with Developcoins here!

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