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Author Topic: What is BEP20 Token?  (Read 11130 times)

Offline pelana vreo

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Re: What is BEP20 Token?
« Reply #30 on: February 20, 2022, 06:42:16 AM »
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.

Yes, It's very easy to differentiate Mainnet BNB and BSC

BNB Mainnet : wallet BNB (bnb...) symbol BEP2

BSC (Binance smart chain) : wallet BNB 0x.... - symbol BEP20

These two networks are different but you can Bridge on Binance wallet or Trust wallet

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Re: What is BEP20 Token?
« Reply #30 on: February 20, 2022, 06:42:16 AM »

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Re: What is BEP20 Token?
« Reply #31 on: February 24, 2022, 06:52:10 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.

Agreed, BEP20 tokens based on binance smart chain and We all know BSC is cheap transaction fee.
So lower than Ethereum.
I think BSC will beat Ethereum at the next several years again.
It's very potential platform and will be good alternate smart contract platform.

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Offline GoldenView

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Re: What is BEP20 Token?
« Reply #32 on: February 25, 2022, 05:51:08 AM »
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.

Agreed, BEP20 tokens based on binance smart chain and We all know BSC is cheap transaction fee.
So lower than Ethereum.
I think BSC will beat Ethereum at the next several years again.
It's very potential platform and will be good alternate smart contract platform.

Absolutely correct. Binance is the best market and more trustable now all over the world. People use binance without any hesitation. So if Binance has a trust score of 10 out of 10, of the scale people have trusted also BUSD, BNB, BEP20/BSC. And it has a super smooth transaction system also lower transaction fees.

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Re: What is BEP20 Token?
« Reply #33 on: February 25, 2022, 06:07:01 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.

I think BEP20 and ERC20 will compete each other for the next coming year.
BEP 20 is lower fee.
And I see many projects have migrated and use BEP20.
Ethereum dev should rethink to improve their platform.
Because too high gas fee, that's annoying.
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Offline GoldenView

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Re: What is BEP20 Token?
« Reply #34 on: March 06, 2022, 05:36:55 AM »
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.

Agreed, BEP20 tokens based on binance smart chain and We all know BSC is cheap transaction fee.
So lower than Ethereum.
I think BSC will beat Ethereum at the next several years again.
It's very potential platform and will be good alternate smart contract platform.

Of course, BEP20 will must beat ERC20 asap. There are a lot of projects coming based on BEP20 (Binance Smart Chain), almost 70-80%. So its a huge amount.

Offline AndyRuiz

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Re: What is BEP20 Token?
« Reply #35 on: April 09, 2022, 11:33:54 PM »
There are tons of quality and scam projects for metaverse. Investors should check carefully and invest smart on it. It's easier to lose rather than earning on metaverse projects.I've been following MetaverseME for a while and it's basically let you to be yourself in virtual world with avatar idea. It seems not bad tho

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Re: What is BEP20 Token?
« Reply #36 on: May 11, 2022, 02:40:38 PM »
I think BEP20 and ERC20 will compete each other for the next coming year.
BEP 20 is lower fee.
And I see many projects have migrated and use BEP20.
Ethereum dev should rethink to improve their platform.
Because too high gas fee, that's annoying.
Not only projects, but the market must also support the Bep20 network because it will make it easier for every user who wants to send coins to other markets
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Re: What is BEP20 Token?
« Reply #36 on: May 11, 2022, 02:40:38 PM »


Offline kirshna01

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Re: What is BEP20 Token?
« Reply #37 on: September 02, 2022, 11:48:24 AM »
The bep20 token is a token operating based on the BSC smartchain. At present the market is full of BEP20 tokens because BSC smartchain has emerged as the trusted and popular blockchain.
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Re: What is BEP20 Token?
« Reply #38 on: September 04, 2022, 12:16:47 PM »
The bep20 token is a token operating based on the BSC smartchain. At present the market is full of BEP20 tokens because BSC smartchain has emerged as the trusted and popular blockchain.

that's true BEP20 tokens based on binance smart chain.
BSC has been supported by binance.
Many projects has migrated to binance smart chain and successful there.
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Re: What is BEP20 Token?
« Reply #39 on: September 04, 2022, 08:20:01 PM »
The bep20 token is a token operating based on the BSC smartchain. At present the market is full of BEP20 tokens because BSC smartchain has emerged as the trusted and popular blockchain.

that's true BEP20 tokens based on binance smart chain.
BSC has been supported by binance.
Many projects has migrated to binance smart chain and successful there.

Yeah I see many projects have migrated to BEP20, because this platform is lower gas fee.
There are  good team behind this project.
I think BEP20 will have great future.
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Re: What is BEP20 Token?
« Reply #40 on: September 12, 2022, 03:41:54 PM »
BEP 20 is a coin of cryptocurrency in Binance- Smartchain. which acts like ethereum. Which allows to deploy any Binance Smartchain Diesel Currency or Token. BEP20 has achieved considerable success in its development.

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Re: What is BEP20 Token?
« Reply #41 on: September 18, 2022, 07:54:47 AM »
BEP-20 is a Binance Smart Chain token standard created with the intention of extending ERC-20, which is one of the most common Ethereum token standards out there. BEP-20 is a blueprint as to how a token can be spent, who can spend it, and it even has rules about its overall usage.

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Re: What is BEP20 Token?
« Reply #42 on: September 18, 2022, 08:00:51 PM »
BEP 20 is a coin of cryptocurrency in Binance- Smartchain. which acts like ethereum. Which allows to deploy any Binance Smartchain Diesel Currency or Token. BEP20 has achieved considerable success in its development.
First you need to understand the difference between BEP 20 Token and BEP 20 coin. Those currencies that have their own chain or network are called coins. Like BTC, ETH, BNB, LTC etc. Then BEP 20 coin is BNB. And those currencies that do not have their own chain or network use others' networks are called tokens. Thus tokens that use the BEP 20 network are called BEP 20 tokens.
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Re: What is BEP20 Token?
« Reply #43 on: September 19, 2022, 02:34:50 PM »
in my opinion, this BEP20 token is a good token because it was developed on the binance smart chain network, so BEP20 is immediately popular worldwide because BEP20 can be used to develop projects that use the binance smart chain network.
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    Topic Starter Linux User Mobile User
Re: What is BEP20 Token?
« Reply #44 on: October 12, 2022, 04:17:44 PM »
in my opinion, this BEP20 token is a good token because it was developed on the binance smart chain network, so BEP20 is immediately popular worldwide because BEP20 can be used to develop projects that use the binance smart chain network.
BEP20 is a pretty good platform or network because it has very cheap transaction fees and a fairly high transaction speed with a transaction load that is not too crowded, making BEP20 liked by many people.
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