# Why create an ERC20 token? The ERC20 standard is the most widely used standard among all. These are the tokens we use every day (USDT, WETH, PEPE, FLOKI etc). They have a wide range of applications, including the following use cases: * Tokenization of assets: Tokens enable the representation of physical or digital assets, such as stocks or currency, in digital form on the blockchain. * Fundraising: Projects can attract investments and funding by issuing their tokens and offering them to investors. * Loyalty and rewards: Companies can create their tokens to incentivize customers and users. * Meme coins: Tokens associated with internet memes can be used for jokes and entertainment. * DApps: Tokens provide the necessary liquidity and functionality for decentralized ecosystems, including payment for services, stimulating user activity, and participation in voting. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.coinfactory.app/resources/faqs/why-create-an-erc20-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.