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Why can’t some tokens view contracts (why are there only 295 tokens)?

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Why can\’t some tokens view contracts? Blockchain security company PeckShield rel

Why cant some tokens view contracts (why are there only 295 tokens)?

Why can’t some tokens view contracts? Blockchain security company PeckShield released a tweet stating that EOS contracts have been repaired, but users still cannot view their smart contracts. Why can’t some tokens view contracts? Why can some ERC20 tokens view contracts? This is because they have not issued tokens on the Ethereum network, so they cannot view contracts, which can cause transaction failures or other unnecessary situations.

PeckShield also mentioned two methods to solve this problem:

1. Import the tokens into a new wallet;

2. Operate through a browser;

3. Log in with a third-party wallet, but still be able to directly log in to the wallet.

Why are there only 295 tokens?

In the past month, there have been a large number of token transactions on Ethereum. However, all of this actually happened in the value of tokens.

According to data from CoinMarketCap, there are currently 9 cryptocurrencies with a total market value exceeding 1 billion US dollars, most of which are represented by digital assets issued by blockchain projects such as Bitcoin and Ethereum, and the average price of these cryptocurrencies is $29 or more (as shown in the figure below).

But why are there only 295 tokens? Why are they all different tokens? Why is there not one token that can represent a token in a blockchain ecosystem? What is it?

If we divide all these tokens into three categories:

1. ERC-20 tokens: token standards;

2. Non-fungible Tokens: tokens with interchangeability;

3. Off-chain tokens: tokens with non-replaceability;

4. Interchain token: tokens that can be exchanged with other tokens, such as BTC, ETH, LTC, etc.;

5. Cross-chain tokens: tokens that can be implemented on other public chain networks, such as Solana and Tron.

So, what are the differences in this classification?

First, let’s look at the basic data provided by CoinMetrics;

2. From January 2019 to the end of 2020, 6 of the top ten tokens were circulated from the beginning of 2020. That is to say, by the end of 2018, 180,000 tokens had been destroyed and less than 1 million US dollars remained, so we believe this is a reasonable situation. Because most people don’t care about this issue, they only care about the token supply.

Take a look at other types of tokens. For example, EOS and TRON have supply amounts of 2.6 billion and 2.5 billion tokens respectively, accounting for 25% and 24% of the total supply. In addition, some tokens have very small supply amounts and are scarce mainly because the holders may not be interested in their tokens. Therefore, we can conclude that “the total supply of each project is in their twenties” or “the weekly supply is between 50 and 150.”

It should be noted here that although some tokens have high liquidity and high volatility, the majority of tokens are still in circulation (i.e. 1% of the circulating amount), and even lower than the total circulating supply. This is why the prices of these tokens are much cheaper than the valuation of other projects: “Due to the many limitations in the token design of certain protocols, when people use this method, they usually buy tokens with lower long-term value. However, for most tokens, this proportion is still a small number that seems to be a good sign – even a few companies are trying to create tokens to incentivize the community.”

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