Token Standards

Introduction

Many Parallax development standards focus on token interfaces. These standards help ensure smart contracts remain composable, so for instance when a new project issues a token, that it remains compatible with existing decentralized exchanges.

Prerequisites

• Smart contracts

Token Standards

Here are some of the most popular token standards on Parallax:

• ERC-20 - A standard interface for fungible (interchangeable) tokens, like voting tokens, staking tokens or virtual currencies.
• ERC-721 - A standard interface for non-fungible tokens, like a deed for artwork or a song.