BlockchainX's expert developers have answers for you with state of the art Erc20 token generator. Give your Dapps the power of ethereum based ERC20 token and integrate secured crypto payment systems.

1. What features are required to create
ERC-20 tokens :

2. The creation of ERC-20 tokens on the Ethereum blockchain occurs
through smart contracts. To meet the requirements of this standard, the
contract must include some mandatory functions. Specifically, there are 6
essential features and 3 optional features that developers can include if
they need them.

3. Compulsory
The 6 necessary functions are classified as follows

4. ● TotalSupply : Stores the sum of the tokens that
exist. It gives an idea of how many tokens of this
type have been generated erc20 token creatorin
total and are stored in an EOA address.

5. ● Balance Of : Returns the current balance of tokens in an
account, identified by the owner's address.
● Transfer : It is used to transfer the tokens from the
owner's account to other addresses.

6. ● Approve : Allows the owner to approve a delegated
account (such as a platform) to withdraw tokens from their
account and transfer them to another.erc20 token generator
Plus, all of this is done without having to wait for prior
authorization. This is the most used function in the token
exchange market.

7. ● TransferFrom : This function goes hand in hand with the
approve function . Allows a previously authorized delegate to
withdraw funds from the owner's account and transfer them to
a third party account.

8. ● Allowance : This function returns the exact number of
tokens allowed by its owner to be handled by a chosen
delegate. It is very useful for subscriptions and recurring
payments of any kind.

9. Optional
There are three optional functions: name , symbol and
decimal . What is each one for?

10. ● Decimal : The amount by which each token can be divided(up
to 18 decimal places). For example, the total units of tokens you
will create is 100. If you want your token to be divisible by 10, it
means that one person can acquire up to 1/10 of your token .
● Name : Allows you to add your own name to your token,
such as that of famous tokens such as Tether or USD Coin.
● Symbol : Set the acronym by which it will be known
as ETH, BTC, BNB.

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