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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: anurag54321 on June 25, 2021, 03:04:09 PM



Title: Mintable ERC20 tokens
Post by: anurag54321 on June 25, 2021, 03:04:09 PM
Can someone please tell me how new tokens are added if the cryptocurrency is mintable erc20 token.


Title: Re: Mintable ERC20 tokens
Post by: blockman on June 25, 2021, 11:43:15 PM
Can someone please tell me how new tokens are added if the cryptocurrency is mintable erc20 token.
Mintable? like you can create and provide added supply to that token? There are those coins that have an unlimited supply so that's possible if the devs have decided to create a continuous 'minting' to that token that you're asking. And what do you mean by being added?
Being added to the exchanges? I'm guessing this is what you mean. If this is it then that's dependable to the devs too which coins will grant their request and how much they're going to pay to cover the listing fee.


Title: Re: Mintable ERC20 tokens
Post by: TastyChillySauce00 on June 26, 2021, 03:40:42 AM
Mintable ERC20 tokens means the owner of the ERC20 could add new tokens to the total supply (increasing total supply) as they want. there's minting function in the smart contract that allows the owner to mint new tokens and most of them usually use that.
check this code if you're curious about how the contract works, https://forum.openzeppelin.com/t/request-example-of-a-mintable-and-pausable-erc20-token/2132


Title: Re: Mintable ERC20 tokens
Post by: cryptoaddictchie on June 26, 2021, 03:51:34 AM
Can someone please tell me how new tokens are added if the cryptocurrency is mintable erc20 token.

It just means that someone deploy a smart contract. There are some token creator app and its just doing some tokens. Anything that added will become new cryptocurrency but not all will be added to the list like coingecko or coinmarketcap. Those platform only list projects with potential and have considerate volume.

Not sure if this the one OP is asking for but he can elaborate more so everyone can understand what he meant.


Title: Re: Mintable ERC20 tokens
Post by: john1010 on June 26, 2021, 04:03:13 AM
Can someone please tell me how new tokens are added if the cryptocurrency is mintable erc20 token.

As far as i know there is no erc20 token that are minable or it was a POS, you can get that token via ICO, there are very few erc20 are made as POS, but today Sushi swap offer staking for some erc20 token.


Title: Re: Mintable ERC20 tokens
Post by: anurag54321 on June 26, 2021, 06:07:53 AM
Thank You everyone. My doubts have been cleared.