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What is a BEP20 contract?
A BEP-20 token is a type of cryptographic token developed on the Binance Smart Chain (BSC) blockchain, which is a parallel blockchain network to the Binance Chain. This type of token follows a specific technical standard that allows for easy integration with other financial applications and platforms based on the Binance Smart Chain.
BEP-20 tokens are similar to other cryptographic tokens, such as ERC-20 tokens based on the Ethereum blockchain. They can be used for various purposes, such as payments, digital asset transactions, gaming rewards, among others.
Additionally, BEP-20 tokens can be stored in digital wallets that are compatible with the Binance Smart Chain, such as Trust Wallet and Binance Chain Wallet. They can be bought and sold on exchanges that support the Binance Smart Chain, such as Binance and PancakeSwap.