> For the complete documentation index, see [llms.txt](https://docs.coinfactory.app/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.coinfactory.app/resources/faqs/what-is-an-erc-20-token.md).

# What is an ERC-20 Token?

ERC20 tokens are blockchain-based assets that function as smart contracts within the Ethereum blockchain. This allows them to be seamlessly sent and received, much like other cryptocurrencies. The ERC20 Standard establishes specific guidelines for the transfer, reception, and storage of these assets.