What does ERC20 withdrawal mean (ERC20 issuance and withdrawal)?
What does ERC20 withdrawal mean? This is the English word \”withdrawal\”. In trans
What does ERC20 withdrawal mean? This is the English word “withdrawal”. In translation, it means “transfer” or “withdrawal”.
In simple terms, it means using ERC-20 tokens for transactions, where users can transfer money from one account to another or to decentralized exchanges. This type of service is called “e top-up and withdrawal” domestically, but “overseas top-up and withdrawal” internationally. It is mainly based on the Chinese yuan, so it refers to fiat currency channels. Such services mainly have two aspects: first, converting assets into stablecoins directly; second, enabling fast inflow and outflow of funds through banks, payment institutions, and other third-party providers, instead of using fiat currency channels like USDT. (Of course, if you want to use Bitcoin or other cryptocurrencies as fiat currency gateways, you need to deposit 1 Bitcoin first).
ERC20 issuance and withdrawal
ERC20 has already started issuing tokens and is undergoing mainnet migration and deployment. According to the official website, the ERC-20 token ERC20-BTC issued on the Ergo mainchain (ERC20) was completed on July 15, 2020.
In addition, ERC20 is in the final stage before the mainnet launch (early May) and will officially release functions such as exchanges and wallets. Furthermore, ERC20 plans to launch a “mining pool” to prepare for the upcoming “mining for dividends” activity.
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