What popular tokens use the ERC20 standard?

A single standard, ease of creation, and compatibility across platforms have led to the widespread distribution of ERC20 tokens. Below are some examples of popular tokens that use the ERC20 token generator protocol.In the beginning, the tokens were used during the initial fundraising for the development of the company. The tokens were purchased directly from the developers and could not be sold or purchased anywhere else. The Ethereum ICO took place in 2014 and raised over $16 million. Ethereum has attracted the attention of representatives from many industries as it can be used to streamline and digitize inefficient business processes in the future.

TERC-20 tokens belong to cryptocurrency if they have their own blockchain and can be traded on exchanges. Tron created its own blockchain because of its promise: blockchain games are becoming more popular every day. EOS is a competitor to Ethereum, used primarily for decentralized exchanges and gaming.

Tokens are now assets in the form of money and valuables that grant membership in the program or confirm ownership. They are traded on exchanges alongside cryptocurrencies, used as points in loyalty programs, as well as asset ownership certificates.

USDT Anchor

Tether Limited issued a stablecoin in 2015. It is pegged to the US dollar. The value of USDT Tether is backed by US dollars in company accounts.Other fiat currencies have their own stablecoins. For example, erc20 token development Binance GBP is backed by the British Pound and STASIS is backed by the Euro.

The old system was based on the Omni protocol based on the Bitcoin blockchain. Due to high fees and long confirmation of transactions, the company decided to use the Ethereum blockchain.

WET

ETH, or ether, is the base currency of Ethereum. Using the RELAY app, it can be exchanged for ERC20 tokens. WETH is “Wrapped ETH” or “Ether in a Shell”.For the exchange to be successful, the tokens must be of the same standard.

WETH is used to exchange ETH tokens for the corresponding ERC20 protocol.

Numerous users of the network, including large corporations with capital, are interested in the development of the base currency.

Among them:

The Wrapped Ether system, which holds more than 2 million ETH worth 380 million dollars; One of the main cryptocurrency exchanges, Binance, 370 million dollars; Bitfinex exchange, less than 2 million ETH.

LCS

LocalCoinSwap is a decentralized platform that provides users with the opportunity to directly buy and sell cryptocurrencies using any of the available payment methods. LCS allows you to find a foreign exchange buyer or seller and make a transaction without involving websites or wallets. The platform uses a traditional deposit system, which stores cryptocurrency funds that are subject to exchange. When the buyer and seller confirm the payment, the system sends coins to the buyer. The platform gives the right to receive dividends in a ratio of 1 to 1 at the end of the quarter.

Are there any decent ERC20 tokens worth investing in both long and short?

You can take a closer look at these ERC-20s:

Walton Chain (WTC)

Supply chain projects are good because they are aimed at solving real-world solutions. VeChain is good, but they are not ERC20 anymore, so WTC is a good alternative. There is room for more than one in this market, and being Chinese, having RFID integration into a smart contract seems like a winning combination from an investment point of view.

Lendingblock (LND)

Lendingblock enables hedge funds, exchanges, asset managers, traders, miners and market makers to find liquidity, generate additional returns, facilitate arbitrage strategies, resolve short positions and lock in the views of market participants. . It is a huge market and LND has a small market cap. So if you get hacked, it will cost a lot of money.

The 0x Protocol (ZRX)

The 0x protocol is an open source decentralized exchange (DEX) that was developed specifically for ERC-20 tokens to be traded on top of the Ethereum blockchain.

Holochain (HOT)

It is a “beyond the blockchain” project, which is infinitely faster and cheaper than Ethereum. One of the most popular crypto projects of all time, and will target markets like Amazon AWS with more speed and less cost. This could be the next Internet, completely decentralized.

Howdoo (UDOO)

It’s a chance to become the biggest winner in our top 5. A social media network and content delivery platform that gives users control over their data, rewards them for allowing ads, and lets content creators get tips free, subscription channels and a time of payment for content. All advertising is on UDOO, so the usefulness of the token is huge. There is also a small market capitalization, and the exchange of fiat currency for cryptocurrency will be integrated into the app’s wallet, so users will not have to worry about cashing out and withdrawing funds through exchanges.erc20 token development company