A BEP-20 token is a fungible cryptocurrency token built on the BNB Smart Chain (BSC), following a standard similar to Ethereum’s ERC-20. It defines a set of rules for how tokens can be transferred, approved, and interacted with by wallets, smart contracts, and decentralized applications. BEP-20 tokens are widely used for utility tokens, governance tokens, payments, DeFi assets, and wrapped coins. They benefit from the low transaction fees and fast confirmations of BSC, while maintaining full EVM compatibility, making it easy for developers to deploy and integrate them across wallets, DEXs, and blockchain services.