ERC20 Tokens
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DYOR.
DYOR.Token or Coin?
There are two approaches to differentiating between coins and tokens.
Coins are native to their blockchains. Tokens are created on existing blockchains.
The functionalities of coins and tokens often and do indeed overlap.
NOTE for USA: SEC takes the same views as given above.
We Chose the Token track for our cryptoasset. Why?
Better and broader development infrastructure.
Eco-friendly as it's PoS to begin with.
Lower transaction fees.
Lower Smart Contract development and deployment fees.
Our Token PolySky
Our Token is ERC20 compliant.
ERC
What is ERC20
ERC20 is the main technical standard for Ethereum tokens. It is used to create and issue smart contracts on the Ethereum blockchain to create tokens. A list of rules must be followed in order to comply with ERC20
What is an ERC-20 Token?
The ERC-20 introduces a standard for Fungible Tokens, which means that each Token has a property that makes it identical to another Token (in terms of type and value). An ERC-20 Token, for example, functions similarly to ETH, meaning that one Token is and will always be equal to all other Tokens.
What is a BEP-20 Token standard?
It is a native token standard of the Binance Smart Chain. It acts as a blueprint of how the BEP-20 tokens can be utilized. It is an extension of the ERC-20 token standard and can be used to represent shares or fiat.
What is Fixed Supply Token?
Once you deploy the token, the entire supply will be sent to the owner's wallet. Fixed supply means that this supply can't be modified later on.
What is Capped Supply Token?
When you create the token, you will have the option to choose to send an initial supply to the owner's wallet. Supply can be adjusted later on by minting or burning tokens if you chose those options. You won't be able to generate more tokens that supply cap allows.
How is the smart contract's source code verified?
When we deploy your smart contract, a third party such as Etherscan verifies the source code and publishes it on their website. The source code can be found on the contract's webpage.
How can those tokens be used?
The tokens we will generate for you can be used for a wide range of applications. As a crypto currency, to run an ICO, as proof of ownership (i.e. shares in a company), for gaming, charity, loyalty program, you name it!
What kind of tokens are used for ICOs
Your tokens generated on this website will meet all the requirements to be used for an ICO.
What are the famous coins that are based on ERC20?
Here is a list of some noteworthy ERC20 tokens: Chainlink (LINK) Tether (USDT) Wrapped Bitcoin (WBTC) OmiseGO (OMG) 0x (ZRX) Populous (PPT) Maker (MKR) Augur (REP) Golem (GNT) IOStoken (IOST) Status (SNT) DigixDAO (DGD and DGX) Loopring (LRC) Basic Attention Token (BAT)
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