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BEP-20 (Binance Smart Chain token) is a technical standard used for implementing tokens on the Binance Smart Chain (BSC). It is similar to the well-known Ethereum ERC-20 token standard, with some slight modifications to make it compatible with Binance’s blockchain.

One of the benefits of using BEP-20 tokens is their low transaction fees, which are significantly lower than those on the Ethereum network. This makes it more accessible for developers and users to create and use decentralized applications on the Binance Smart Chain.