How does ERC-20 improve ICO fundraising security?
Security is critical for ICOs, and ERC-20 tokens help reduce risks. Since they’re built on Ethereum, developers inherit the security of a well-tested blockchain. ERC-20’s standard functions, like transfer and approve, reduce coding errors and make audits simpler. Smart contracts prevent fraud by automating token distribution once investors contribute funds. Additionally, Ethereum’s transparent ledger allows anyone to verify ICO token sales in real-time. With proper auditing, projects can secure investor funds and ensure tokens are distributed fairly, strengthening credibility.
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