Decentralized
BEP20 tokens give users a clear view of what happens with the tokens and who owns them. Everyone can see how the tokens are used, which allows token holders to have transparency.
Low transaction fees
Unlike other blockchains like Ethereum, Binance Smart Chain doesn't cost a lot of money to make new coins. Users can make new coins on the Binance smart chain without spending too much money.
Fast transactions
Following the implementation of this native token, BEP20, Binance Smart Chain started making transactions fast, which caught the attention of many crypto enthusiasts.
High scalability
More and more users started using Binance Smart Chain which makes it easier and faster for them to trade tokens.
Interoperability
Although BEP20 tokens are exclusive to the Binance Smart Chain, they can interoperate with other wallets and tokens. This makes investors and developers utilize them to unlock the potential of this new standard.
Compatibility
BEP20 tokens can also be utilized with several Ethereum applications and wallets, such as Metamask. This implies that if you accept BEP20 tokens, more individuals might be interested in using your services.