/erc20-token-ETH

Source code for Ocean Token from the ERC20 Block Explorer.

Primary LanguageJavaScript

Ethereum ERC20 Standard Documentation - https://ethereum.org/en/developers/docs/standards/tokens/erc-20/

Open Zeppelin ERC20 Documentation - https://docs.openzeppelin.com/contracts/4.x/api/token/erc20

Some Key Factors to be decided when creating and deploying yout own ERC20 Token -

  1. Initial Supply
  2. Capped / Max Supply
  • If supply if capped it will create scarcity in market, hence increase the value of the Token
  • For Game, supply should be kept unlimited, to generate and give tokens to its players
  1. Minting Strategy - How you introduce and Distribute new supply of tokens into the market
  2. Block Reward
  3. Burnable