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Token Standards
Token Standards on Slice Ledger Chain
A token in every blockchain ecosystem function as the central element of a new economy and ecosystem. The standard of a particular token defines a set of rules that governs its utility and issuance. ERC tokens (Ethereum Request for Comments), which is a technical standard used for smart contracts, such as ERC20, ERC721 on the Ethereum are the example of token standards.

Token standards on SliceLedger Chain

SliceLedger chain introduces two types of token standards with its own unique function including SLICE -20 and SLICE -721. Both this token standards can be divided into separate categories as fungible tokens (SLICE 20) and non-fungible tokens (SLICE 721).
Fungible tokens are all equal, divisible and interchangeable. It all can be divided into smaller token units such as 0.1 SLICE , 0.002 SLICE . Whereas non-fungible tokens (NFTs) are all distinct and non-divisible. Thus it could represent a unique asset, like a certificate or a collectible in-game item.
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