Pictured Above: A decorative representation of an XYO Token. XYO Tokens require cryptowallets and are NOT physical tokens!
ERC-20 Tokens, Generally
An "ERC-20 Token" is a cryptotoken on the Ethereum blockchain. All ERC-20 Tokens use the same creation contract, and it requires the following:
Required Aspects of an ERC-20 Token:
- totalSupply
- balanceOf
- transfer
- transferFrom
- approve
- allowance
There are also the following Optional Aspects:
Optional Aspects:
- Token Name
- Symbol
- Decimal (up to 18)
XYO Token, Specifically
In the case of the XYO Token, these are the aspects we chose:
Token Name - XYO Token
Symbol - XYO
totalSupply - 14198847000000000000000000000
Decimal (up to 18) - 18
You can read more about ERC-20 Tokens here.