Beginners Guide

The Ultimate Guide To BEP-20 Tokens & Their Creation

Written by: Delma Wilson

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Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

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May 27, 2021

Tokens are an integral part of the cryptocurrency industry. They are a kind of smart contract that can be sent, received, and represent digital assets with a value. 

Tokens being smart contracts do not have issues like downtime, fraud, censorship, or third-party interference. These contracts run as per their programming without any hindrances. These tokens are based on an underlying blockchain that provides the value, moves it around, and has the ownership of the tokens. 

BEP-20 tokens are one of the few that have recently taken the market by storm after it was launched. 

In this article, we will talk about the BEP-20 token in detail and understand how it differs from the other tokens in the market. 

What are BEP-20 Tokens?

BEP-20 is an extension of ERC-20, the most popular token standard on the Ethereum Blockchain. Similarly, BEP-20 is the token standard on the smart chain of the Binance platform and was produced as a technical specification. 

The primary motto behind launching this token was to facilitate the developers in developing similar tokens. These tokens can represent a company's shares, the amount stored in a bank account, and ...

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