Get ERC20, BEP20 and SOL Tokens
Last updated
Last updated
Polygon Network (MATIC) is a decentralized protocol for building and connecting multiple Ethereum-compatible blockchain networks. Polygon provides solutions to several blockchain-related scalability issues, such as high gas fees and slow speeds, but without compromising security.
MATIC is Polygon’s native ERC-20 token for paying transaction fees and a governance token. In addition, you can use MATIC for staking on LambSwap Protocol.
Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.
The native tokens of Binance Smart Chain (BSC) are on BEP20.
To do most things on BSC, you will need to pay gas, which comes in the form of BEP20 BNB.
You will also need the BEP20 version of any token you want to trade, stake, etc., on BSC.
To get BEP20 tokens, we recommend the below ways:
💰 Binance.com - You can withdraw tokens as BEP20 via your Binance account (if you have one). Bear in mind you need an account to do so.
📖 Here's a quick guide they made to help you out.
You can also withdraw BEP20 tokens from other centralized exchanges (more and more exchanges support BEP20 token.
Solana is a third-generation, Proof of Stake blockchain. It has implemented a unique way of creating a trustless system for determining the time of a transaction called Proof of History.Keeping track of the order of transactions is hugely vital for cryptocurrencies. Bitcoin does this by bundling transactions into blocks with a single timestamp. Each node has to validate these blocks in consensus with other nodes. This process adds in a significant waiting time for nodes to confirm a block across the network. Solana instead takes a different approach. Let’s take a closer look.
SOL is Solana’s native cryptocurrency, which works as a utility token. Users need SOL to pay transaction fees when making transfers or interacting with smart contracts. The network burns SOL as part of its deflationary model. SOL holders can also become network validators. Like Ethereum, Solana allows developers to build smart contracts and create projects based on the blockchain.
SOL uses the SPL protocol. SPL is the token standard of the Solana blockchain, similar to ERC20 on Ethereum and BEP20 on Binance Smart Chain. The SOL token has two main use cases:
Paying for transaction fees incurred when using the network or smart contracts.
Staking tokens as part of the Proof of Stake consensus mechanism.
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