Let's talk about the Ethereum ERC-20 standard.
The BEP-20 standard on BNB Smart Chain is compatible with ERC-20, and its functions are almost identical.
It's worth thinking one step further: the benefit of having a unified standard is composability. Wallets, exchanges, and DeFi protocols all use the same interface to interact with tokens, so new tokens can be integrated as soon as they launch.
Don't send tokens directly to the contract address of the token itself. Most such contracts don't have a way to return them, so once sent, they're often unrecoverable.
ERC-20 tokens run on Ethereum, and every transfer requires $ETH to pay Gas.
#ETH
Make your own decisions about when to enter or exit; don't follow the crowd blindly.
The BEP-20 standard on BNB Smart Chain is compatible with ERC-20, and its functions are almost identical.
It's worth thinking one step further: the benefit of having a unified standard is composability. Wallets, exchanges, and DeFi protocols all use the same interface to interact with tokens, so new tokens can be integrated as soon as they launch.
Don't send tokens directly to the contract address of the token itself. Most such contracts don't have a way to return them, so once sent, they're often unrecoverable.
ERC-20 tokens run on Ethereum, and every transfer requires $ETH to pay Gas.
#ETH
Make your own decisions about when to enter or exit; don't follow the crowd blindly.
