#AltcoinSeasonLoading

Token Standards Explained ๐Ÿงพ

A token standard is a set of rules that defines how a token works on a specific blockchain. It tells the blockchain how to handle the token โ€” how itโ€™s created, sent, received, and stored. ๐Ÿ’ธ

The most common standards youโ€™ll see:

โ†’ ERC-20: used for tokens on Ethereum and other EVM-compatible chains

โ†’ BEP-20: used for tokens on BNB Chain

โ†’ Base tokens: also use the ERC-20 standard

Best Wallet automatically detects each tokenโ€™s network so you donโ€™t need to worry โ€” but knowing these basics helps you avoid mistakes when sending or swapping. ๐Ÿ™Œ

Always double-check the network before making a move.

As always, DYOR. ๐Ÿง