How you can use ERC20 tokens to make money

Tokenized Nov 28, 2017·2 min read

ERC20 tokens are currently being used in many ICOs. One of the most famous, Bancor , used an ERC20 token to raise 153$ millions. So, how can I get an ERC20 token? Is it difficult? The answer is no because Tokenized made it easy but let’s explain it step by step.

What is an ERC20 Token?

‘ERC20’ is actually a standard that tokens on the Ethereum network can meet, and tokens that check all the necessary boxes are deemed ‘ERC20 Tokens’. These tokens are blockchain assets that have value, and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency. The difference between these tokens and a standalone currency like Litecoin is that ERC20 tokens stay on the Ethereum network, hosted by Ethereum addresses and sent by Ethereum transactions.

Why should I use an ERC20 Token?

Suppose you have a project that needs money to grow up, and suppose you were thinking about VC or something like Kickstarter. ICO is the answer to your question. An ICO is . . .

An unregulated means by which funds are raised for a new cryptocurrency venture. — Investopedia.

Running an ICO is probably the fastest, most effective way to raise money at the moment being. You just need a Token and a landing page (and a product actually).

What is the most effective way to get an ERC20 token?

There are many ways to get an ERC20 token. You may pay a team of developers, or you can just use Tokenized. Tokenized is an easy to use platform that allows you to be up running in the process of launching an ICO in moments. You only have to create an account and then use the control panel to create a new token. After that you will receive a notification and your token will be deployed on the Ethereum blockchain and sent to your address.

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