Palette Token Standard

PRC-20 Standard

Palette token is issued on Ethereum and Palette uses a token standard called PRC-20, which is the same implementation as ERC-20. This specification can increase the interchangeability of PRC20-based tokens and perform the same operations in dApps.

PRC-20 deals with the problem of the Ethereum community creating unique tokens and functions and solves the issue of destroying smart contracts and cyber attacks during token transfers.

The common functionality token (Utility token) is also an application type based on PRC-20. PRC-20 contains six functions, two events, and three token information functions. As long as it is written in the smart contract, it can be regarded as a token based on PRC-20.