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Tokens are a subset of Distributed Ledger Technology (DLT) Layer 2 Digital Assets, built on top of an existing blockchain system. “Ethereum Request for Comments 20,” more commonly known as ERC-20 tokens, are a subset of Tokens and represent a a technical standard used to implement smart contracts that create the API for tokens on the Ethereum blockchain. Adhering to this standard allows tokens on Ethereum to be re-used by other applications: from wallets to decentralized exchanges. The full ERC-20 standard can be found here:

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