There Are Currently Over 5300 ERC-20 Tokens - What Are They All For?
Ethereum allows almost anyone to create their own marker. By removing this barrier, in recent years there has been a huge flow of new tokens in the market,there are more than 5300 ERC-20 tokens there.
Read more https://cointelegraph.com/news/there-are-currently-over-5300-erc-20-tokens-what-are-they-all-for
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pump and dump, ICO scams and many more ways to give your money away