What is BEP-20?
BEP-20 is a token standard on the Binance Smart Chain (BSC) that defines how tokens should be created and managed. It sets rules for how these tokens are transferred, interacted with, and used in different applications.
What does BEP-20 mean in the Crypto World?
In the cryptocurrency world, BEP-20 tokens are used on Binance Smart Chain for various activities, such as trading or participating in decentralized applications (dApps). This standard helps ensure that tokens work well within the BSC ecosystem.
How to use the term "BEP-20"?
If you buy a token for a new game on Binance Smart Chain, it’s likely using the BEP-20 standard. This means it can be easily used with other BSC-based apps and services.
Disclaimer:
It is highly recommended to conduct thorough research prior to making any financial decisions. Please note that this article's purpose is solely for educational purposes and the author and the organization, M2, do not influence the reader's investment or trading choices.
