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


Features of ERC20 Token Development:


  • Total supply set at erc20 token creation
  • Get 100% ownership of developed ERC20 tokens
  • Custom erc20 token name, symbol, and the initial supply
  • No programming skills required for erc20 token development
  • Verified and published smart contract source code
  • Industry-standard erc20 token accepted by most exchange
  • It is Widely used token standard and supported by a majority of exchange and wallets
  • ERC20 Token Supported by most exchanges and wallets
  • It is Good for trading applications where fungibility is important


As a leading ERC20 token development company, Developcoins provides Token development services and we help companies to launch their own ERC20 tokens.

Developcoins provides the best Token development services and we help companies to launch their own ERC20 tokens. 


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