BEP-20

BEP-20 is a technical standard on the Binance Smart Chain (BSC) that specifies how tokens can be created, issued, and transferred on the blockchain. It is similar in function to the ERC-20 standard on the Ethereum blockchain. BEP-20 tokens are fungible, meaning that each token is identical and can be exchanged or traded for another token of the same type at a 1:1 ratio. They can be used for a variety of purposes, including as a means of payment, store of value, or as a governance token for decentralized applications (dApps) built on the BSC. The popularity of the BSC and the ease of creating BEP-20 tokens have made it a popular choice for developers looking to launch new tokens or projects on the blockchain.

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