3. BCN-20

The technical standard for creating tokens on the BIG5 chain network is BCN-20. Tokens issued by the BCN follow the BCN-20 standard. This standard describes the core features of all BCN network-based tokens.

The BCN-20 standard allows developers to more accurately predict the interactions between different tokens and applications. It also defines how BCN -20 tokens are transferred within the BCN, and how their respective supply and address balances are consistently recorded.

In other words, BCN-20 provides a list of rules that developers must abide by, allowing them to operate smoothly within the platform.

Several BCN-20-compliant tokens built on the BCN have unique implementations. Depending on your approach, tokens can be used to represent different kinds of digital assets or tradable goods, such as coins, vouchers, gold certificates, loyalty points, etc. The BCN-20 standard will significantly reduce the effort required to create and issue digital tokens.

Technically, the BCN-20 standard describes some of the features of digital tokens based on the BCN, as well as the ability to maintain them. These features include how tokens are transferred between addresses and some important data related to the token smart contract, such as symbols, names, and supplies.