Token
You can create different tokens on the EQ Hub's blockchain network and use the different features of the tokens.
Introduction
EQ Hub's Token service is a service that allows you to import a token smart contract that complies with the ERC-20 standard only by entering information and generate various tokens through the smart contract.
In EQ Hub, a token is an asset created through a smart contract that follows the ERC-20 standard and means a fungible token known as virtual currency.
Tokens created in EQ Hub can be exchanged with assets (coins, tokens) of other blockchain networks. It can also be used as currency in DApp and can be used in various places such as service points, event rewards, and Airdrop event.
You can easily create various tokens through the EQ Hub Token service by simply entering information.
Glossary
This is a glossary of terms to help you understand when using the Token service.
| Term | Description |
|---|---|
| ERC | ERC (Ethereum Request for Comment) is the name of an official protocol that proposes improvements to the Ethereum network, and the number written after ERC means the serial number of the proposal registered in ERC. |
| ERC-20 (Token) | It is a standard specification that defines the interface that a standard token must satisfy in a smart contract defined in EIP. Also referred to as the Token Standard. |
| Mint | It means issuing tokens through smart contracts. In EQ Hub's Token service, Mint means additional issuance of Tokens. |
| Burn | It means to burn tokens through smart contracts to make them unusable. In EQ Hub's Token service, Burn means token incineration. |
Updated almost 2 years ago