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What is Ethereum Token?- A Step-by-Step Guide For Beginners

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What is Ethereum Token?- A Step-by-Step Guide For Beginners - This beginner’s guide should help to understand What is Ethereum token & how they are different than Ethereum?

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What is Ethereum Token?- A Step-by-Step Guide For Beginners

  1. 1. WHAT IS ETHEREUM TOKEN? A Step-by-Step Guide For Beginners
  2. 2. OVERVIEW: Are you an entrepreneur planning to issue Ethereum-based tokens? You might be looking around to find what ERC standards mean and how they important to you. This beginner’s guide should help to understand What is Ethereum token & how they are different than Ethereum? 2
  3. 3. Before that just clarify yourself What is Cryptocurrency Coin & Token? 3 "Coins are stand-alone cryptocurrencies based on their own blockchain. Tokens are built and hosted on existing or another blockchains"
  4. 4. Coin basically refers to cryptocurrency that has it own blockchain and works separately of another platform at the same time token refers to cryptocurrency that operates and based its existence on another platform for example Ethereum. 4
  5. 5. WHAT IS ETHERUM? Ethereum can actually make it simpler to cryptocurrencies in general. Yes, Ethereum is a decentralized platform upon which smart contracts can be programmed and executed. It is the first base that supports millions of decentralized applications (dApps). Whenever a new application for blockchain technology and smart contracts is developed on top of Ethereum, a new Ethereum- based token can be created. The clarity aspect of this process is that Ethereum has set standards for tokenization. Various types of decentralized applications will be tokenized according to different standards, build upon on what the application is meant to do. 5
  6. 6. What are ERC standards? An Ethereum Request for Comments (ERC) - It is a standard document that smart contract programmers using the Ethereum blockchain platform to write. They explain the rules in these documents that Ethereum-based tokens must obey with. 6
  7. 7. * ERC 20 * ERC 165 * ERC 721 * ERC 223 * ERC 621 * ERC 777 * ERC 827 * ERC 884 * ERC 865 While there are many standards like: 7
  8. 8. 1.ERC 20 8 If you know about Ethereum, you might have heard about “ERC20.” It is nearly related to the ICOs that keeps happening overall the year. Startups, especially are taking advantage of the ERC20 token. Many startups are also successful in raising millions of dollars through the token sale. Read up here - What is ETHRERUM TOKEN? A Startup Guide for Beginners
  9. 9. DEVELOPCOINS: Developcoins is the leading Token development company in India which is specialized in Ethereum token development and specializes in providing quick and reliable solutions to create a new token for your business. Developcoins is the best place where business people can build secure, scalable, user-friendly and faster architecture that drives constant ROI to your business once the tokens are sold out. 9
  10. 10. Our Development Process: 10 * Token Development Project Discussion with Client * Idea Evaluation and Planning * Platform development * Token Creation & Distribution * Whitepaper development * ICO Release & Marketing
  11. 11. Why choose Developcoins? Along with several years of experience in cryptocurrency development, our Ethereum token developers are highly skilled coders and marketers. * Extraordinary Technical Expertise * Frequent updates * Complete dominance in crypto industry: * Fast Response time * Cost Effective * 24X7 Support 11
  12. 12. 12 FREE DEMO CLICK HERE FOR GET FREE DEMO www.developcoins.com
  13. 13. THANKS! Any questions? You can find us at: Skype Id : live:talktous_69 talktous@developcoins.com 13