#AltcoinSeasonLoading
Token Standards Explained ๐งพ
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 itโs created, sent, received, and stored. ๐ธ
The most common standards youโll 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 tokenโs network so you donโt need to worry โ but knowing these basics helps you avoid mistakes when sending or swapping. ๐
Always double-check the network before making a move.
As always, DYOR. ๐ง