BEP-20 Tokenization Standard

The BEP-20 Tokenization Standard is a technical specification and protocol used for creating and managing tokens on the Binance Smart Chain (BSC), which is a blockchain platform developed by Binance. It outlines the rules and guidelines for token issuance, transfer, and management within the Binance Smart Chain ecosystem.

Examples:

• Binance Coin (BNB) is one of the most well-known tokens on the Binance Smart Chain, adhering to the BEP-20 standard.
• Other tokens built on the Binance Smart Chain, such as BUSD (Binance USD) and Cake (CAKE), also follow the BEP-20 standard for interoperability and compatibility within the BSC ecosystem.

Cases:

• Projects and developers can utilize the BEP-20 standard to create their tokens on the Binance Smart Chain, enabling them to benefit from the features and functionalities of the BSC platform.
• Exchanges and decentralized finance (DeFi) platforms within the Binance Smart Chain ecosystem support tokens adhering to the BEP-20 standard, allowing seamless trading and interaction between different tokens.
• Developers and token issuers must adhere to the specifications outlined by the BEP-20 standard to ensure compatibility and compliance with the Binance Smart Chain protocols and requirements.