What kinds of requirements exist for tokens?
Token standards will outline the proper procedures for creating and maintaining tokens, which will be created and managed on blockchain systems by the Crypto Token Development Company. ERC-1155 for both types of tokens, ERC-721 for non-fungible tokens (NFTs), and ERC-20 for fungible tokens are popular ones on Ethereum. On the TRON network, TRC-20 is used, and on the Binance Smart Chain, BEP-20 is comparable. These standards ensure token operation and interoperability within their respective ecosystems.
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