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The ERC20 Token is a token based on the popular ‘Erc20 standard’ (Ethereum ecosystem) and has been created for use with the Belance platform.
ERC20 token - A token of Belance.
ERC20 token - Will be used as a method of payment on the Belance platform. This will include options such as paid boosts and promotions for users.
Since the Erc20 Standard has now been widely adopted and it has been put to test repeatedly. This means the Erc20 Standard token has become a staple in the ICO industry. Thus, the main aspects of ERC20 tokens are:
- They can be accepted by most exchanges instantly, from a technical perspective.
- Most Ether wallets can automatically store any new tokens created.
- For the user, the acquisition, storage and subsequent sale of ERC20 tokens on exchanges or other wallets, is easy.
- Reliable smart contract usage.
- 18 decimal places.
- Convenient control, storage and transfer process of ERC20
- High speed and cutting edge technology on the blockchain giving a reduction of risks incase of tech failure or time delays
