What can you do with ERC20 tokens?

Can you mine ERC-20 tokens? You can mine ether (ETH), but tokens are not mineable – we say they’re minted when new ones are created. When a contract is launched, developers distribute the supply according to their plans and roadmap.

Mined tokens are used to raise the capital of any company by selling as much as crypto assets and crypto equity . Crypto tokens are designed to develop the fast trading in crypto exchanges and also explains crypto price today.

An ERC20 token is a standard used for creating and issuing smart contracts on the Ethereum blockchain . Smart contracts can then be used to create smart property or tokenized assets that people can invest in. ERC stands for “Ethereum request for comment,” and the ERC20 standard was implemented in 2015.

Trade ERC20 (Fungible) tokens, ERC721 (non-fungible) tokens, or a mix of ERC20 and ERC721 . This allows for use cases to pay for a non-fungible asset trades using fungible tokens.