mondalraj / erc20-token-ETH

Source code for Ocean Token from the ERC20 Block Explorer.

Ethereum ERC20 Standard Documentation - https://ethereum.org/en/developers/docs/standards/tokens/erc-20/

Open Zeppelin ERC20 Documentation - https://docs.openzeppelin.com/contracts/4.x/api/token/erc20

Some Key Factors to be decided when creating and deploying yout own ERC20 Token -

1. Initial Supply
2. Capped / Max Supply

• If supply if capped it will create scarcity in market, hence increase the value of the Token
• For Game, supply should be kept unlimited, to generate and give tokens to its players

3. Minting Strategy - How you introduce and Distribute new supply of tokens into the market
4. Block Reward
5. Burnable