ERC20 Contract Token Assets
With the Cosmostation mobile wallet v.1.7.5. update, ERC20 contract tokens are now manageable on the Cosmostation mobile Evmos wallet.
Contract Tokens vs Native Coins
Contract tokens refer to digital assets generated by smart contracts. Native coins are blockchain’s inherent digital currency. Some examples of native coins are $BTC, $ETH, $ATOM, $OSMO, and $EVMOS. Contract tokens can range from wrapped version of native coins like $WBTC, $WETH, $WEVMOS to dApp coins like $UNI, $CURVE, and $DIFF. NFTs(Non Fungible Token) are actually contract tokens following the ERC-721 standard.
What is ERC-20 Token?
ERC-20 is a technical standard used to issue and implement fungible tokens on the Ethereum blockchain. ERC-20 fungible tokens have a property that makes each token be exactly the same (in type and value) as another token. For example, an ERC-20 token acts just like the ETH, meaning that 1 token is and will always be equal to all the other tokens. (Source: Ethereum.org)
ERC-20 on Evmos
EVMOS is the Ethereum Virtual Machine(EVM) hub on Cosmos. Evmos aims to bring the world of Ethereum-based applications and assets to the Cosmos ecosystem, using Ethermint module to host Ethereum smart contracts on the Evmos EVM chain. For that reason, ERC-20 tokens play a huge role in Evmos since most of the dApps on Evmos utilize ERC-20 tokens.
ERC-20 Contract Tokens on Cosmostation Wallet
The list of Evmos ERC-20 contract tokens supported on the Cosmotation wallet include $WEVMOS, $DIFF, $ceUSDC, $ceUSDT, $ceDAI, and etc for now. The tokens can be found, sent, and received on the “Assets” tab of the Cosmostation mobile wallet. The list will surely explode as Evmos ecosystem flourishes in the coming days.
About Cosmostation
Cosmostation has been a web3 infrastructure team contributing to more than 50 protocols since 2018. Our suite of products include Mintscan block explorer, Cosmostation non-custodial crypto wallet, and node validator service. At Cosmostation, we bootstrap networks and onboard end-users.
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