Token Creator
Create a token in less than 30 seconds with Coinsamba
What is an ERC20 token?
ERC20 is a technical standard used on the Ethereum blockchain for token implementation. It defines a common set of rules that all Ethereum tokens must follow, allowing developers of all kinds to accurately predict how new tokens will function within the Ethereum ecosystem.
The ERC20 standard defines six mandatory functions (totalSupply, balanceOf, transfer, transferFrom, approve, allowance) and two events (Transfer and Approval) that allow tokens to be transferred between accounts and applications to know when these transfers occur.
How can ERC20 tokens be used?
- Representation of digital assets and digital currencies on blockchain
- Creation of decentralized governance systems (DAO) through voting tokens
- Tokenization of real-world assets like real estate, artwork, or commodities
- Implementation of loyalty programs and rewards
- Fundraising through initial coin offerings (ICOs) or security token offerings (STOs)