BEP-20 is a token standard on the BNB Smart Chain (BSC), modeled after Ethereum’s ERC-20 standard. Key highlights:
- Designed for creating and managing tokens on the BNB Smart Chain
- Transaction fees are significantly lower compared to Ethereum
- Fully integrated with the Binance ecosystem, including PancakeSwap and other dApps
- Supports a wide range of use cases such as DeFi, Stablecoins, Utility Tokens, and GameFi
- Highly compatible with ERC-20, making development and deployment easier