What is BEP-20

BEP-20 is a token standard on the Binance Smart Chain (BSC), similar to the ERC-20 standard on Ethereum.

Main characteristics:

🔵 Supports the transfer of projects from Ethereum to BSC.
🔵 Includes functions for minting, burning, transferring, and checking token balances.
🔵 Easily integrates with decentralized applications, exchanges, and services on BSC.
🔵 Transactions require payment in BNB.
🔵 Used for stablecoins, tokenized assets, governance tokens, and utility tokens.

BEP-20 is popular for its flexibility and ease of use in the Binance Smart Chain ecosystem.

Learn Crypto✅️
@letslearn