kraukonge：Token Standards

 Ethereum is the pioneer of blockchain platforms to provide smart contract functionalities and standards for developing crypto tokens. However, with time, several blockchain platforms have emerged, some being EVM-compatible and others non-EVM. With a multitude of blockchain projects issuing their own tokens on different blockchains, it is important to make sure that these tokens are compatible with the underlying blockchains and adhere to the platform’s token standards.


To ensure compatibility, interoperability, and security, token standards are issued. These are a set of rules for the issuance and implementation of new tokens. The most commonly included requirements in these token standards are the token’s total supply limit, minting, burning, and the process for performing transactions using the token.

Furthermore, token standards are designed to help avoid fraud, technical incompatibilities between tokens, and issuance of tokens not aligned with the blockchain’s principles. For example, the rules for total supply and new token minting help contain potential token value depreciation.

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