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Author Topic: What is BEP20 Token?  (Read 11122 times)

Offline Rakin343

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Re: What is BEP20 Token?
« Reply #15 on: November 09, 2021, 08:40:43 PM »
BEP20 is the token standard of Binance Smart Chain. In many ways, it's similar to Ethereum's ERC20 standard; in other ways, it expands on it. Just as Ethereum has gas fees, BNB pays for the transactions involving BEP20 tokens on Binance Smart Chain's network.
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Re: What is BEP20 Token?
« Reply #15 on: November 09, 2021, 08:40:43 PM »

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Re: What is BEP20 Token?
« Reply #16 on: November 14, 2021, 10:17:23 AM »
BEP20 is a standard token used in the Binance Smart Chain blockchain and this BEP20 closely mimics the Ethereum system, namely ERC20.
But in the cryptocurrency business, it has nothing to do with duplicating the system as long as the system does not harm the duplicated and I see BEP20 is also different from the way it is installed in the network between etherscan and bscscan.
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Re: What is BEP20 Token?
« Reply #17 on: November 17, 2021, 02:44:00 AM »
At this moment all the members in this forum probably understand very well what BEP20 is because BEP20 is a type of token from the Binance Smart Chain blockchain and of course also in this forum everyone understands what is called token creation from BEP20 and I'm sure that outside the forum it also recognizes tokens from BEP20 .
I'm just assuming, because if you look at the uniqueness that BEP20 has, it's really very different from the others because it is owned by Binance coins aka coins that are included in the top 3 Coinmarketcap.
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Offline Goldlife

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Re: What is BEP20 Token?
« Reply #18 on: November 17, 2021, 09:17:47 AM »
BEP20 token is a cryptocurrency token which is developed from the Binance Smart Chain Blockchain platform. Therefore, it is named after its native blockchain platform as BEP20 token, which is now trending the global market mainly in the DeFi platform. BEP20 token is used in DeFi protocol like Uniswap, PancakeSwap and others.

So, BEP20 token development business is now reached peak and to develop such BEP20 token for your business in on time, ping us. We Developcoins offer end-to-end BEP20 token development services with high-tech features.
Currently, the demand for BEP 20 tokens is much higher in the cryptocurrency market.Due to the fact that the platform stores have to pay the lowest transaction fee to transfer, tokens on the platform with this platform are now very popular with investors.
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Re: What is BEP20 Token?
« Reply #19 on: November 20, 2021, 04:18:27 PM »
BEP-20 is the token development for the Binance Smart Chain. It is quite popular. Like Ethereum. It is going to get more popularity in the coming time.Because it is progressing day by day.

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Re: What is BEP20 Token?
« Reply #20 on: November 24, 2021, 01:42:44 AM »
BEP 20 in my opinion is the network name of the Binance Smart Chain platform which is almost the same as ERC20 but the transaction fees are cheaper than ERC20 and the transactions are faster, so I think BEP20 could be one of the best blockchain network options for now.

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Re: What is BEP20 Token?
« Reply #21 on: November 26, 2021, 05:22:06 AM »
I hope that those who read this thread have good fortune, good health and a long life because now BEP20 tokens are very risky with the creation of Scam tokens, and almost every second BEP20 tokens are created so quickly to deceive all investors.
I feel that this is between two choices of tokens of the Smartcontracts type, the first being created to raise the community of the parent coin and the second to find prey that is unintentional to tokens from BEP20.
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Altcoins Talks - Cryptocurrency Forum

Re: What is BEP20 Token?
« Reply #21 on: November 26, 2021, 05:22:06 AM »


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Re: What is BEP20 Token?
« Reply #22 on: November 27, 2021, 07:23:53 PM »
In my opinion, tokens that have a BEP20 network do have a very high risk but if you want to make transactions using BEP20 the transaction fees are very cheap and the speed is very high giving a lot of benefits to users, when you want to send between exchanges at least see if it supports BEP20 or not. no because not all coins have a BEP20 network.

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Re: What is BEP20 Token?
« Reply #23 on: November 30, 2021, 03:28:54 AM »
BEP20= Binance Smart Chain token
MT20 = Polygon Matic tokens
ERC20 = Ethereum tokens
AV20 = Avalanche tokens
FT20 = Fantom tokens
HT20 = Huobi tokens


I named the token from the parent coin that was listed as the value because I also felt this was the right step to make it easy to remember.
Maybe other members named the token with different names because I prefer simple and easy to understand.
This term will definitely be very different from the other members.

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Re: What is BEP20 Token?
« Reply #24 on: December 03, 2021, 08:38:05 PM »
In my opinion BEP20 Token is similar to ERC20, only this is specifically for the BSC network which has better performance with very high transaction speeds and has very cheap gas fees, many new tokens are created on the BEP20 network and many exchanges are starting to provide support for the BEP20 network.

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Re: What is BEP20 Token?
« Reply #25 on: January 16, 2022, 03:02:23 AM »
In my opinion BEP20 Token is similar to ERC20, only this is specifically for the BSC network which has better performance with very high transaction speeds and has very cheap gas fees, many new tokens are created on the BEP20 network and many exchanges are starting to provide support for the BEP20 network.
the way it works is clearly almost the same as what you said and a lot of networks are starting to appear because there is a situation where ethereum is having problems with high costs, so many alternatives have emerged to make it easier and can reduce prices, including BEP20.

although it is possible that if ERC20 is not high-cost, it is possible that an alternative network will also emerge, because all are competing to make things to make things easier even though it is certainly not easily accepted by crypto users, but the name of the effort is certainly a lot of trying to make it.

Currently, with the support of a large exchange, BEP20 is clearly more profitable because it can find enthusiasts with the trust of the exchange it has. and we also know that it is currently probably the most used by new projects and it's no wonder it will keep growing. even if it's a matter of performance as you said, maybe all are equally good, the difference is clearly the cost you are looking for.
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Re: What is BEP20 Token?
« Reply #26 on: January 17, 2022, 01:54:36 PM »
There different blockchain networks. One of them is Binance Smart Chain mainnet. And BEB20 Token is a token of this BSC network. I like Binance Smart Chain because it is cheap enough: not expensive commissions.

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Re: What is BEP20 Token?
« Reply #27 on: February 02, 2022, 05:04:55 PM »
many Binance Smart Chain tokens do not stand up to scrutiny, because they only use cheap transactions on the network, while robbing, in the literal sense, the cryptocurrency market. But nevertheless, there are exceptions, where developers are more focused on results than on making quick profits. An example is the CRATD2C project, which aims to provide a new concept of brand-consumer interaction that will make this relationship more productive for each participant using the $CRAT token.

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Re: What is BEP20 Token?
« Reply #28 on: February 17, 2022, 08:06:49 AM »
-
Giving the name is very unique and of course we will also find it very easy to understand and this is the right opportunity to be able to provide a positive value for naming it.
Maybe I'll also give a little samana other projects that have not been mentioned in the list of names. Correct me if im wrong , please check it :
 
KCS20  = Kucoin Token
HOO20 = Hoo Token
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Re: What is BEP20 Token?
« Reply #29 on: February 18, 2022, 01:46:02 PM »
Bep20 token based on Binance Smart Chain Network (BSC). So its very cheap gas fees and also transaction fees. Project team/investor/trader now most likely using Bep20 token very much.

 

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