BEP-20 is a Binance Smart Chain token standard (BSC). To convert ERC-20 tokens to BEP-20, so you can lend BNB (BEP-20 standard) and start using Alpha for leveraged yield farming. The BEP-20 token is the Binance Smart Chain's standard token and is extremely similar to the ERC-20, the standard Ethereum token, in many ways. The BEP-20 token can be thought of as a blueprint that directs and defines how tokens are used, spent, and who can spend them. To put it another way, the BEP-20 establishes a set of regulations for token administration. Because they are comparable, the BEP-20 token has been confirmed to be interoperable with the ERC-20 and BEP-2 (Token of the Binance Chain). For token holders and those who want to produce tokens like the BEP-20, the BEP-20 token offers a variety of advantages and benefits. With our BNB Smart Chain token Creation like BEP-20, Blockchain App Factory's BEP-20 token development services provide these and other use cases.
If the funds raised fall short of the firm's minimum requirements, the money may be returned to the backers; at this point, the ICO is considered a failure. The money raised is used to pursue the project's goals if the fundraising requirements are satisfied within the designated time frame. Because of the rapid growth of new cryptocurrencies, ICOs are a relatively new industry that is rapidly expanding. 2017 was a watershed moment for cryptocurrencies, with over $5.6 billion raised from various ICO ventures. About 430 successful bitcoin ventures contributed to this total.