Cryptocurrency Q&A
Is ANKR a ERC-20 token?
Is ANKR a ERC-20 token?
Thunderbolt
Tue Jul 30 2024
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6 answers
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Could you please clarify whether ANKR is an ERC-20 token? I'm curious to understand the technical specifications of this cryptocurrency and how it operates within the Ethereum ecosystem. As an ERC-20 token, it would mean that ANKR is built on the Ethereum blockchain and adheres to a set of standards for interoperability, allowing it to be easily traded and stored on various wallets and exchanges that support ERC-20 tokens. I'm eager to learn more about ANKR's classification and the benefits it offers to users.
6 answers
Filippo
Thu Aug 01 2024
The ANKR token exists in three main forms: ERC-20, BEP-2, and BEP-20. Each of these forms is based on a different blockchain protocol.
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KpopStarlet
Thu Aug 01 2024
ERC-20 is the most widely used standard for tokens on the Ethereum blockchain. It allows for easy integration and interoperability with other Ethereum-based applications.
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EnchantedDreams
Thu Aug 01 2024
BEP-2 and BEP-20, on the other hand, are standards for tokens on the Binance Chain and Binance Smart Chain, respectively. These chains offer their own unique benefits and features.
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GinsengBoostPowerBoost
Thu Aug 01 2024
As of now, staking ANKR is only available for ERC-20 tokens. This means that if you hold ANKR tokens in the form of BEP-2 or BEP-20, you will not be able to stake them and earn rewards.
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Margherita
Thu Aug 01 2024
Staking ANKR is a popular method for earning rewards with ANKR tokens. However, it's important to understand which token types are compatible with this process.
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