Difference between revisions of "ERC-20"
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== ERC-20 == | == [[ERC-20]] == | ||
ERC-20 is a technical standard used for creating and issuing tokens on the Ethereum blockchain. It stands for "Ethereum Request for Comment 20" and was proposed in 2015. This standard has become the foundation for most tokens in the crypto space, enabling seamless interaction between different tokens and decentralized applications (dApps). | ERC-20 is a technical standard used for creating and issuing tokens on the [[[[Ethereum]] blockchain]]. It stands for "Ethereum Request for Comment 20" and was proposed in 2015. This standard has become the foundation for most tokens in the crypto space, enabling seamless interaction between different tokens and decentralized applications (dApps). | ||
=== What is ERC-20? === | === What is ERC-20? === | ||
ERC-20 defines a set of rules that Ethereum-based tokens must follow. These rules ensure compatibility across the ecosystem, making it easier for developers to create tokens that work with wallets, exchanges, and smart contracts. Key features of ERC-20 tokens include: | ERC-20 defines a set of rules that Ethereum-based tokens must follow. These rules ensure compatibility across the ecosystem, making it easier for developers to create tokens that work with wallets, exchanges, and smart contracts. Key features of [[ERC-20 tokens]] include: | ||
* **Transferability**: Tokens can be sent and received between wallets. | * **Transferability**: Tokens can be sent and received between wallets. | ||
* **Balance Tracking**: Each wallet can track the number of tokens it holds. | * **[[Balance]] Tracking**: Each wallet can track the number of tokens it holds. | ||
* **Approval Mechanism**: Tokens can be approved for spending by third parties, such as dApps. | * **Approval Mechanism**: Tokens can be approved for spending by third parties, such as dApps. | ||
| Line 13: | Line 13: | ||
Some of the most popular ERC-20 tokens include: | Some of the most popular ERC-20 tokens include: | ||
* Tether (USDT) | * Tether (USDT) | ||
* Chainlink (LINK) | * [[[[Chainlink]] (LINK)]] | ||
* Uniswap (UNI) | * Uniswap (UNI) | ||
* Shiba Inu (SHIB) | * Shiba Inu (SHIB) | ||
| Line 23: | Line 23: | ||
1. **Create a Wallet**: Use an Ethereum-compatible wallet like MetaMask or Trust Wallet. | 1. **Create a Wallet**: Use an Ethereum-compatible wallet like MetaMask or Trust Wallet. | ||
2. **Buy Ethereum (ETH)**: Purchase ETH from an exchange like [https://accounts.binance.com/register?ref=Z56RU0SP Binance] or [https://partner.bybit.com/b/16906 Bybit]. | 2. **Buy [[Ethereum (ETH)]]**: Purchase ETH from an exchange like [https://accounts.binance.com/register?ref=Z56RU0SP [[Binance]]] or [https://partner.bybit.com/b/16906 Bybit]. | ||
3. **Swap ETH for ERC-20 Tokens**: Use decentralized exchanges (DEXs) like Uniswap or centralized exchanges to trade ETH for ERC-20 tokens. | 3. **Swap ETH for ERC-20 Tokens**: Use decentralized exchanges (DEXs) like Uniswap or centralized exchanges to trade ETH for ERC-20 tokens. | ||
4. **Start Trading**: Use platforms like Binance or Bybit to trade ERC-20 tokens in spot or futures markets. | 4. **Start Trading**: Use platforms like Binance or Bybit to trade ERC-20 tokens in spot or futures markets. | ||
=== Risk Management in Crypto Futures Trading === | === Risk Management in [[[[Crypto]] [[[[Futures]] Trading]]]] === | ||
Trading ERC-20 tokens, especially in futures markets, involves risks. Here are some tips to manage them: | Trading ERC-20 tokens, especially in futures markets, involves risks. Here are some tips to manage them: | ||
* **Set Stop-Loss Orders**: Automatically sell your position if the price drops to a certain level. | * **Set Stop-Loss Orders**: Automatically sell your position if the price drops to a certain level. | ||
* **Diversify Your Portfolio**: Avoid putting all your funds into a single token. | * **Diversify Your Portfolio**: Avoid putting all your funds into a single token. | ||
* **Use Leverage Wisely**: High leverage can amplify both gains and losses. | * **Use Leverage Wisely**: [[High leverage]] can amplify both gains and losses. | ||
* **Stay Informed**: Keep up with market news and trends. | * **Stay Informed**: Keep up with market news and trends. | ||
| Line 38: | Line 38: | ||
If you're new to trading ERC-20 tokens or crypto futures, consider these tips: | If you're new to trading ERC-20 tokens or crypto futures, consider these tips: | ||
* **Start Small**: Begin with a small investment to learn the ropes. | * **Start Small**: Begin with a small investment to learn the ropes. | ||
* **Practice with Demo Accounts**: Use demo accounts on platforms like Bybit or Binance to practice without risking real money. | * **Practice with [[Demo Accounts]]**: Use demo accounts on platforms like Bybit or Binance to practice without risking real money. | ||
* **Learn Technical Analysis**: Understand charts, indicators, and patterns to make informed decisions. | * **Learn Technical [[Analysis]]**: Understand charts, indicators, and patterns to make informed decisions. | ||
* **Join Communities**: Engage with crypto communities to learn from experienced traders. | * **Join Communities**: Engage with crypto communities to learn from experienced traders. | ||
| Line 46: | Line 46: | ||
== Sign Up on Trusted Platforms == | == Sign Up on Trusted Platforms == | ||
* [https://accounts.binance.com/register?ref=Z56RU0SP Binance Registration] | * [https://accounts.binance.com/register?ref=Z56RU0SP [[Binance Registration]]] | ||
* [https://partner.bybit.com/b/16906 Bybit Registration] | * [https://partner.bybit.com/b/16906 [[Bybit Registration]]] | ||
* [https://bingx.com/invite/S1OAPL/ BingX Registration] | * [https://bingx.com/invite/S1OAPL/ BingX Registration] | ||
[https://buy.paybis.com/click?pid=26030&offer_id=1 The most profitable cryptocurrency exchange — buy/sell for euros, dollars, pounds — register here.] | [https://buy.paybis.com/click?pid=26030&offer_id=1 The most profitable cryptocurrency exchange — buy/sell for euros, dollars, pounds — register here.] | ||
=== Join Our Community === | === Join Our [[Community]] === | ||
Subscribe to our Telegram channel [https://t.me/cryptofuturestrading @cryptofuturestrading] for analytics, free signals, and much more! | Subscribe to our Telegram channel [https://t.me/cryptofuturestrading @cryptofuturestrading] for analytics, free signals, and much more! | ||
== Sponsored links == | |||
* [https://buy.paybis.com/MCfWIf Paybis (crypto exchanger)] — Buy/sell crypto via card or bank transfer. | |||
* [https://accounts.binance.com/register?ref=V2WQ1AZO Binance] — Exchange (spot/futures). | |||
* [https://partner.bybit.com/b/16906 Bybit] — Exchange (futures tools). | |||
* [https://bingx.com/invite/S1OAPL/ BingX] — Exchange and derivatives. | |||
* [https://partner.bitget.com/bg/7LQJVN Bitget] — Exchange (derivatives). | |||
[[Category:crypto futures trading]] | [[Category:crypto futures trading]] | ||
Latest revision as of 06:08, 7 January 2026
ERC-20
ERC-20 is a technical standard used for creating and issuing tokens on the [[Ethereum blockchain]]. It stands for "Ethereum Request for Comment 20" and was proposed in 2015. This standard has become the foundation for most tokens in the crypto space, enabling seamless interaction between different tokens and decentralized applications (dApps).
What is ERC-20?
ERC-20 defines a set of rules that Ethereum-based tokens must follow. These rules ensure compatibility across the ecosystem, making it easier for developers to create tokens that work with wallets, exchanges, and smart contracts. Key features of ERC-20 tokens include:
- **Transferability**: Tokens can be sent and received between wallets.
- **Balance Tracking**: Each wallet can track the number of tokens it holds.
- **Approval Mechanism**: Tokens can be approved for spending by third parties, such as dApps.
Examples of ERC-20 Tokens
Some of the most popular ERC-20 tokens include:
- Tether (USDT)
- [[Chainlink (LINK)]]
- Uniswap (UNI)
- Shiba Inu (SHIB)
These tokens are widely used in crypto trading, including futures trading, due to their liquidity and compatibility with Ethereum-based platforms.
How to Get Started with ERC-20 Tokens
To start trading ERC-20 tokens, follow these steps:
1. **Create a Wallet**: Use an Ethereum-compatible wallet like MetaMask or Trust Wallet. 2. **Buy Ethereum (ETH)**: Purchase ETH from an exchange like Binance or Bybit. 3. **Swap ETH for ERC-20 Tokens**: Use decentralized exchanges (DEXs) like Uniswap or centralized exchanges to trade ETH for ERC-20 tokens. 4. **Start Trading**: Use platforms like Binance or Bybit to trade ERC-20 tokens in spot or futures markets.
Risk Management in [[Crypto [[Futures Trading]]]]
Trading ERC-20 tokens, especially in futures markets, involves risks. Here are some tips to manage them:
- **Set Stop-Loss Orders**: Automatically sell your position if the price drops to a certain level.
- **Diversify Your Portfolio**: Avoid putting all your funds into a single token.
- **Use Leverage Wisely**: High leverage can amplify both gains and losses.
- **Stay Informed**: Keep up with market news and trends.
Tips for Beginners
If you're new to trading ERC-20 tokens or crypto futures, consider these tips:
- **Start Small**: Begin with a small investment to learn the ropes.
- **Practice with Demo Accounts**: Use demo accounts on platforms like Bybit or Binance to practice without risking real money.
- **Learn Technical Analysis**: Understand charts, indicators, and patterns to make informed decisions.
- **Join Communities**: Engage with crypto communities to learn from experienced traders.
Conclusion
ERC-20 tokens are a cornerstone of the Ethereum ecosystem, offering endless opportunities for trading and investment. Whether you're interested in spot trading or futures, platforms like Binance and Bybit provide the tools you need to get started. Remember to trade responsibly and always prioritize risk management. Happy trading!
Sign Up on Trusted Platforms
The most profitable cryptocurrency exchange — buy/sell for euros, dollars, pounds — register here.
Join Our Community
Subscribe to our Telegram channel @cryptofuturestrading for analytics, free signals, and much more!
Sponsored links
- Paybis (crypto exchanger) — Buy/sell crypto via card or bank transfer.
- Binance — Exchange (spot/futures).
- Bybit — Exchange (futures tools).
- BingX — Exchange and derivatives.
- Bitget — Exchange (derivatives).