What is a crypto token?

Crypto tokens are digital assets that are built on another cryptocurrency’s blockchain . A blockchain is a digital ledger that stores information in blocks that are linked. This information can be transaction records or full-fledged programs that operate on the blockchain, which are called smart contracts.

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What is Busd in Binance?

BUSD is a U.S.-regulated stablecoin , fully backed by U.S. dollars: 1 BUSD = $1.00 USD. BUSD offers faster ways to fund your trades and is acceptable as a medium of exchange, store of value, and method of payment across the global crypto ecosystem. Learn more at Binance Academy.

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Should I use Busd on Binance?

BUSD and USDT are both essential , using smart contracts that operate on blockchains instead of traditional contracts with no legal authority for operation. These coins provide fast transfers around the world anytime, anywhere, plus there’s no need to rely on banks to move funds.

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What are BEP20 tokens?

BEP20 is a Binance token standard which allows users to deploy fungible tokens or cryptocurrencies on BSC . More specifically, leading crypto assets on other chains can be transferred to the Binance smart chain in the form of pegged BEP20 tokens. Creating a token on the bsc platform is surpassingly easy.

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