🧮 Today’s topic: The Ethereum ERC-20 standard
Many DeFi protocols have ERC-20 governance tokens, such as Uniswap’s $UNI .
Don’t transfer tokens directly to the token’s contract address. Most such contracts have no refund function, so tokens sent there are basically unrecoverable.
Understanding the rules helps you make more informed decisions; it’s not about predicting price movements.
ERC-20 tokens are issued on Ethereum, and transfers require $ETH to pay gas fees.
#ETH
Just a quick note. Make your own decisions when buying or selling.
Many DeFi protocols have ERC-20 governance tokens, such as Uniswap’s $UNI .
Don’t transfer tokens directly to the token’s contract address. Most such contracts have no refund function, so tokens sent there are basically unrecoverable.
Understanding the rules helps you make more informed decisions; it’s not about predicting price movements.
ERC-20 tokens are issued on Ethereum, and transfers require $ETH to pay gas fees.
#ETH
Just a quick note. Make your own decisions when buying or selling.