What is a bep-20 token?
Could you elaborate on what a BEP-20 token is and its significance in the crypto and finance landscape? As a professional in this field, I'm curious to understand the technical underpinnings and potential applications of this token standard. How does it differ from other popular token standards, such as ERC-20? Additionally, what kind of projects or use cases typically utilize BEP-20 tokens, and what are the potential benefits or limitations of this standard? I'm interested in hearing your expert insights on this emerging topic.
How do I add a bep-20 token to Binance wallet?
Could you please elaborate on the steps required to successfully add a BEP-20 token to a Binance wallet? I'm aware that BEP-20 is a token standard for Binance Smart Chain, but I'm not entirely sure how to proceed. Would I need to manually enter the contract address? Is there a specific format for the address that needs to be followed? Also, are there any security measures I should take into account to ensure the safety of my wallet and tokens? I'd appreciate a step-by-step guide to ensure a smooth and secure addition of the BEP-20 token to my Binance wallet.