BEP-20 tokens

648,883 coins #15 Page 1067

BEP-20 tokens are created on BNB Smart Chain. More

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53K WRAPPED SECURUS WXSCR $ --
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53K ๐Ÿœ้ข ๐Ÿœ้ข $ --
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53K LONG LONG $ --
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53K EverDollar EDR $ --
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53K ็“ฆๅฐผๅšๅฃซ ็“ฆๅฐผๅšๅฃซ $ --
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53K Nerd Wolf NWOLF $ --
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53K MILF Token Official $MILF $ --
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53K TikTok TikTok $ --
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53K ๅฑฑๅฏจๅŽŸๆœฌ็š„ไปทๅ€ผๆ˜ฏ0 ๅฑฑๅฏจๅŽŸๆœฌ็š„ไปทๅ€ผๆ˜ฏ0 $ --
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53K DRESSdio DRESS $ --
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Trending BEP-20 tokens

Top Gainers
Coins Price Market cap 24h
OpenEden EDEN $ 0.0832
$ 36.41M
$ 36.41 million
+71.47%
DeepNode DN $ 0.248
$ 5.58M
$ 5.58 million
+59.91%
PlaysOut PLAY $ 0.137
$ 227.36M
$ 227.36 million
+37.11%
Rayls RLS $ 0.00466
$ 16.63M
$ 16.63 million
+29.62%
APRO oracle Token AT $ 0.126
$ 33.02M
$ 33.02 million
+26.92%
All Gainers

What are BEP-20 tokens?

BEP-20 tokens are like the tools that make things work in the Binance Smart Chain (BSC). They build on the ERC-20 standard and set the rules for how tokens move around, get created, and even disappear within the BSC. Basically, they're the technical rules that make different things possible in this system.

How are BEP-20 tokens used in smart contracts?

These tokens boast versatile functionalities within smart contracts:

  • Token Transfers: Facilitating direct, decentralized transactions.

  • Token Burning: Reduction of token supply or staking incentives.

  • Token Minting: The ability to generate new tokens for specific purposes.

  • NFT Creation: Enabling the development of unique digital assets.

  • DeFi and Gaming: Integration into decentralized financial services and gaming applications.

Smart contracts that utilise BEP-20 tokens

PancakeSwap, Venus, and SafeMoon stand as prime examples, pioneering DeFi and decentralized exchange functionalities by harnessing BEP-20 tokens.

Benefits of BEP-20 tokens

Some of the advantages of this token standard include:

  • Standardization: Establishing uniformity for compatibility.

  • Empowering Contracts: Expanding the realm of token functionalities.

  • dApp Advancements: Fueling financial services within decentralized applications.

  • Efficiency: Swift transactions at minimal transactional costs.

  • Interoperability: Seamless integration with other BSC tokens and wallets.

Limitations of BEP-20 tokens

Some of the cons of this token standard include:

  • Security Concerns: Vulnerabilities requiring continual vigilance.

  • Centralization Risks: Reliance on Binance's control over BSC.

  • Interoperability Constraints: Limited compatibility with alternate blockchain platforms.

  • Regulatory Challenges: Varied regulatory landscapes across jurisdictions.

  • Evolving Ecosystem: A growing, yet evolving environment with ongoing developments.

Final thoughts on BEP-20 tokens

BEP-20 tokensโ€”much more than just digital assets. They're the architectural underpinnings shaping a new era in decentralized finance, NFTs, and varied blockchain applications. Understanding their potential and limitations is key to navigating this landscape of decentralized prospects.