FAQ
What is the ERC20 Standard?
ERC stands for Ethereum Request for Comments, and the 20 is just a unique proposal ID number. Together, ERC20 is a specific set of functions which developers must use when coding the token. All ERC20 Tokens are built off the Ethereum blockchain, unlike Bitcoin and Litecoin which have their own separate blockchain.
How will I receive my tokens?
When creating a token, you will be asked for a public Ethereum wallet address. This is the address that we will dump all the newly created tokens in. If you do not have a wallet address, you can easily create one on MyEtherWallet.com, metamask.io, or ethereum.org. If you do not want to download anything, use one of the first two options.
Can I modify the source code after deployment of the token?
No, as the immutable nature of the blockchain does not allow for modifications of the smart contract.
What do the decimals mean?
Decimals basically tells the contract how much you want each token to be divided. For example, putting ‘2’ for decimals means that I can have .01 Tokens. Having a total supply of 1000 and a decimal count of 2 would mean that I would, in the end, have 1000.00 Tokens.
How come I don’t see my tokens in my wallet?
Even though the tokens will be transferred to your address, the wallet software still requires you to manually add that token. Read the following steps to know how to do this:
For MyEtherWallet: Go to ‘Send Ether & Tokens’ -> Log into your wallet -> scroll down towards the right and click ‘Add Custom Token’ -> Input contract address, symbol, and decimals.
For MetaMask: Go to ‘Tokens’ -> Add Tokens, Input contract address, symbol, and decimals.