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#Content Star# [What is an ERC-20 token? 】 ERC-20 tokens are a set of "fungible" digital tokens that exist on the Ethereum network. Fungibility here means that each token in the set is indistinguishable from every other token in the set. This is similar to how a dollar is virtually indistinguishable from any other dollar (at least in the digital realm). For ERC-20 tokens, each group of tokens is differentiated by a ticker symbol such as ABC or XYZ. For example, there may be a set of 1 million ABC tokens, and another set of 10 million XYZ tokens. The barrier to entry for creating an ERC-20 token set is low (actually just deploying a relatively simple "contract" on the Ethereum network), so the number of token sets runs in the thousands. As a result, most sets are actually of little value. However, some are worth billions of dollars. ERC-20 refers to a technical standard that defines a common set of rules, such as how tokens are transferred, how transactions are approved, and the total supply of tokens. The ERC-20 standard arose from a 2015 proposal that was incorporated into the Ethereum protocol via the Ethereum Improvement Proposal (IEP-20). ETH is required to interact with ERC-20 tokens. For example, if you want to send 100 ABC tokens to Alice, you need to attach a small amount of ETH to cover the transaction fee. ERC-20 tokens are smart contracts created by deployment. The logic of smart contracts allows for some interesting use cases, even just creating a set of tokens. For example, consider a contract that can receive up to 1000 ETH (i.e. a total of 1000 ETH can be sent to the contract), and for every ETH sent to the contract, the contract will automatically "mint" and send 100 ABC tokens back to the sender . This will "create" 100,000 ABC tokens and distribute them to anyone who sends ETH to the contract. It's worth noting that the process has similarities to an initial public offering, in which shares of a company are issued and distributed to those who buy them with U.S. dollars. We can also specify other details in the contract. For example, we can say that 10% of the ETH received in the contract is immediately sent to Bob's Ethereum address. In this example, Bob might be the CEO of the ABC token "project". Then, people sending ETH into the contract are actually paying Bob for the work of the ABC token agreement, hoping that the value of the ABC token will rise in the future under Bob's initiative. There are many types of ERC-20 tokens. Some, like our example above, represent financial assets that are arguably similar to shares in companies. Note that this feature means that such tokens may be considered securities by financial regulators, potentially subjecting the issuer to a range of legal obligations depending on the jurisdiction. ERC-20 tokens can also be used to represent things like loyalty rewards and reputation points. For example, imagine an online travel agency that rewards users with points every time they book through the platform. These points can be used to pay for future bookings. They can also provide holders with additional benefits such as VIP service, a portion of the fees incurred by booking the platform, or even a say in how the platform is managed. Importantly, these points (tokens) can also be traded with others, a feature that gives them value beyond the ecosystem they were created in. Finally, ERC-20 can be used to represent physical objects like gold or real estate. However, when digital tokens are used to represent physical objects, there are difficulties in maintaining the connection between the two. Take, for example, an ERC-20 token representing the US dollar, such as Tether (USDT), one of the most used and widely distributed ERC-20 tokens. Holders of Tether tokens (ticker symbol USDT) have a claim on USD held in Tether Limited's corporate bank account. To date, the value of 1 USDT has reliably reflected the value of 1 "real" U.S. dollar, however, since the bank accounts of the companies behind the USDT exist outside the Ethereum network, participants must rely on traditional auditing practices to verify the existence of " real" dollars. This reliance on third parties outside of the ethereum shared computer code powering world makes it harder to guarantee "truth". therefore, Despite the challenges, the fact that USDT tokens exist on Ethereum gives them some utility beyond "real" U.S. dollars. Specifically, you can easily move them (including across borders), trade them for other tokens, and even send them to smart contracts, allowing you to earn yield. For these reasons, the adoption of USDT and other Ethereum-based USD tokens has grown rapidly.

HUGE Stablecoin Innovation Unlocked with the GENIUS Act Passing! WATCH ▶️ Kevin Lehtiniitty, CEO of Borderless xyz, joined me to discuss the impact of the GENIUS Act on stablecoin adoption. Borderless xyz is the largest stablecoin orchestration network enabling conversions between stablecoins and local banking rails in 50+ countries! Topics: - GENIUS Act passed into law - Stablecoin market outlook - Future of payments with Stablecoins - Banks launching Stablecoins - Market Structure CLARITY Act - Borderless xyz's services and new partnerships #interview #podcast #ceo #stablecoins #payments #crypto @borderlessxyz @KevLeht

Jupiter is a decentralized liquidity aggregator on the Solana chain and has become a leader in this field, with a volume exceeding 50%. It expands its business and enhances user experience through innovative projects such as Launchpad and incubators. The JUP Token has been issued and continues to rise, with plans to become a unicorn in the Solana ecosystem.