Cryptocurrency Q&A
Is XRD an ERC-20 token?
Is XRD an ERC-20 token?
GinsengBoostPower
Sun Jun 30 2024
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7 answers
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Could you please clarify if the XRD token adheres to the ERC-20 standard? As a cryptocurrency professional, I understand that ERC-20 is a technical standard used for smart contracts on the Ethereum blockchain. Tokens that conform to this standard are widely used in decentralized applications and often facilitate interactions between various decentralized finance protocols. Given the importance of this standard in the crypto space, it's crucial to understand whether XRD aligns with it or not. Could you elaborate on this matter?
7 answers
henry_harrison_philosopher
Tue Jul 02 2024
The total supply of XRD crypto is capped at 24 billion tokens, ensuring scarcity and value appreciation over time.
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CryptoDynastyLord
Tue Jul 02 2024
As the network matures and evolves, XRD is expected to transition from its ERC-20 format to its final native state, providing enhanced functionality and integration.
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WhisperInfinity
Tue Jul 02 2024
XRD initially serves as an ERC-20 token within the Ethereum ecosystem, fulfilling crucial roles such as voting, staking, and facilitating the payment of network transaction fees.
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GyeongjuGloryDays
Tue Jul 02 2024
Alongside the native XRD token, there exists a wrapped version called eXRD on the Ethereum network. This allows users to leverage the benefits of both networks, enabling cross-chain interactions and interoperability.
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SamsungShineBrightnessRadianceGlitter
Tue Jul 02 2024
The introduction of eXRD expands the use cases and accessibility of XRD, making it more versatile and convenient for users across different blockchain platforms.
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