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Showing posts from June, 2022

Create BEP-20 token with cutting-edge tokenomics

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  BEP-20 is the token standard on Binance's faster and cheaper blockchain, the Binance Smart Chain, similar to the ERC-20 token on the Ethereum Blockchain. The BEP-20 on the BSC mimics the ERC-20 functionality, governing how all other tokens are created on the blockchain, as well as their tokenomics and operations. The existing BEP-2 standard also works in the same way for Binance's traditional blockchain, and all three standards are compatible due to similar specifications. The BEP-20 serves as a blueprint for the tokens that will be created on the BSC; it governs their functionality and adds some technical requirements that these tokens must meet in order to operate in the BSC ecosystem. BSC has recently gained a lot of traction as a result of its low fees and quick processing times. It is quickly becoming the go-to blockchain for many developers, as it was created specifically for the execution of smart contracts and the creation of decentralized apps (dapps). People can cre...