An ERC-20 token is a standard for tokens on the Ethereum blockchain. This standard defines a set of rules that must be met for a token to be accepted and operate on the Ethereum blockchain. These rules cover how these tokens are transferred between accounts, how access to token data is provided, and how users can utilize token functions.

ERC-20 tokens are an integral part of the DeFi and NFT world. In DeFi, ERC-20 tokens are used as a form of value that can be exchanged and invested in various protocols. For example, a user can invest their ERC-20 tokens in a protocol that allows for lending and borrowing, earning interest on their investment.

In the world of NFTs, ERC-20 tokens can be used to purchase unique digital assets, such as digital art, music, or virtual real estate. Since each NFT is unique, the value of each NFT is determined individually, and ERC-20 tokens enable easy and secure transactions between the buyer and the seller.

In conclusion, ERC-20 tokens are a key element of the blockchain ecosystem. They are essential for the functioning of DeFi and NFTs, enabling secure and efficient transactions. With our platform, creating your own ERC-20 tokens is now easier than ever before. Join us and start your journey in the world of ERC-20 tokens today!