The BEP20 Token Standard

Creating a BSC token is surprisingly easy. These tokens conform to a standard called BEP20, which is similar to the Ethereum standard ERC20.

The token standard ensures basic functionality for the token, such as transferring, returning a balance, viewing token ownership, etc.

You can view the API for BEP20 here. Keep in mind that BSC tokens can be swapped for “regular” Binance Chain tokens that conform to their own standard, BEP2.

Also, any transaction that occurs with these tokens on-chain will require a fee paid in BNB. This fee is compensation for validators for securing the network.

Let’s explore how to create these tokens below.

#bep20 #bsc #solidity #binance #bnb