Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => TRON (TRX) Forum + Ecosystem => Topic started by: VanessaJane on November 09, 2020, 12:50:57 PM
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TRC20 token is a technical standard based on the implementation of the smart contracts when using the TRON network to issue a token. It is fully compatible with Ethereum’s ERC20. A TRON address with a smart contract will be required for creating a TRC20 token. A TRC20 token can be traded on the leading exchanges in the market, can be offered in a firm’s ICO crowdsale, in DApps as a payment method, and for developing your own projects. TRC20 tokens cannot be accessed via API and have bandwidth costs for API transfers and deposits made by users. TRC20 tokens can be used for facilitating conditional and instant transactions. The bonus distribution system works on a first-come-first-serve basis. It has a higher energy level and bandwidth capacity than the TRC10 token.
Read more at: https://medium.com/security-token-offering/a-detailed-explanation-of-how-to-create-trc20-token-410a814dbd21 (https://medium.com/security-token-offering/a-detailed-explanation-of-how-to-create-trc20-token-410a814dbd21)
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Just like ERC20, creating a digital asset based on the TRC20 protocol can not be that difficult. However, we know that what is the use of that asset if no one is going to be using it for good. Right? The most critical things in participating on this aspect are two things: the technical side where we are going to use the technological platform offered by Ethereum or Tron and the marketing side which is convincing as many people as people to come on board and be a part of the project. Lacking one of the two can end up with a lackluster or even a disaster.
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Creation of any tokens based on TRC20 or ERC20 nearly same process. This is the task of developers. General people aren't aware about it.