MHOUSE

The international members club for web3 innovators.

Join for Free

ERC-20

Definition:

A token standard used on Ethereum and EVM compatible networks that allows developers to build token applications that are interoperable with other products and services. In practice, it allows developers to easily create and distribute a new crypto token (a fungible token) on the Ethereum network.

Degen Chat

“I heard that as well as their NFT, the Fancy Bear Metaverse are also going to release an ERC20 token called Honey.”

Related Terms:

Dictionary: SLP
SLP is the native ERC-20 gaming token, and income for players, of Axie Infinity. With an unlimited supply, it can be used to breed Axie digital pets. SLP is earnt via completing daily quests or as battle rewards, and is burnt after being used for breeding.
Dictionary: Tether
Tether, or USDT, is an ERC-20 stablecoin that is pegged to the US Dollar. It is a way for crypto traders to avoid volatility in the market, protecting their assets by transferring in and out of tether when the market dictates it.

The LINKED Collection

A snapshot of the web3 revolution through the eyes of 1000 artists.

Find Out More

« Dictionary Menu