There are multiple crypto tokens in existence and they are categorized based on their token standards and the blockchain technology used to build them. BEP20 is a token that belongs to Binance Smart Chain, a popular blockchain known for its low transaction cost and high speed. These BEP20 tokens can represent assets/shares in a business/project or money stored in the vault. Interestingly, BEP20 shares similarities with BEP-2 (Binance Chain’s token) and ERC-20 (Ethereum’s token) and it is compatible with both the token standards.