Understand Main Types of Crypto Token Standards

This PDF provides a clear overview of the main crypto token standards that power blockchain ecosystems. From Ethereum’s ERC-20, ERC-721, and ERC-1155 to Binance’s BEP-2 and BEP-20, as well as Solana’s SPL, it explains their purpose, use cases, and advantages. A must-read for anyone exploring fungible tokens, NFTs, or scalable blockchain applications.

1. MAIN TYPES OF
CRYPTO TOKEN STANDARDS
Understanding the Building Blocks of Blockchain Tokens

2. INTRODUCTION
Tokens are digital assets built on blockchains.
Standards ensure interoperability, security, and
functionality.
Different blockchains have different token standards.

3. ERC-20 (ETHEREUM
FUNGIBLE TOKENS)
Most widely used token standard.
Designed for fungible tokens (1 = 1, like currency).
Examples: USDT, UNI, LINK.
Supports transfers, balances, and approvals.

4. ERC-721
(ETHEREUM
NON-FUNGIBLE
TOKENS)
Standard for NFTs (unique tokens).
Each token is one-of-a-kind, non-interchangeable.
Examples: Crypto Punks, Bored Ape Yacht Club.
Powers digital art, collectibles, and gaming assets.

5. ERC-1155 (MULTI-
TOKEN STANDARD)
Hybrid supporting both fungible and non-fungible tokens.
Efficient for gaming and marketplaces.
Reduces gas fees with batch transfers.
Example: Enjin platform.

6. BINANCE
STANDARDS (BEP-
2 & BEP-20)
BEP-2 (Binance Chain):
Native token standard.
Used for fast, low-cost trades on
Binance DEX.
BEP-20 (Binance Smart Chain):
Similar to ERC-20, but on BSC.
Compatible with Ethereum tools.
Examples: BNB, CAKE.

7. SOLANA SPL
STANDARD
Token standard for Solana blockchain.
Designed for speed and scalability.
Powers DeFi, NFTs, and Web3 apps on Solana.
Low-cost and energy-efficient.

8. HEAVYWEIGHTS:
ERC-20 VS. BEP-20
ERC-20: Most recognized, huge ecosystem, secure but higher gas fees.
BEP-20: Faster, cheaper, Ethereum-compatible, widely adopted on BSC.
Both dominate fungible token creation across ecosystems.

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