How does an ERC20 Token work?
An ERC20 token is not exactly a token by Ethereum, but it is a token based on the same blockchain that empowers Ethereum/Ether. ERC20 Token Development Company build your decentralized token in the same ETH blockchain environment using the ERC20 smart contracts. Here’s how it works
Token : According to CoinMarketCap 76% Cryptocurrencies Followed the Ethereum ERC20 Token Standard Interface Till 2017.
You choose a name and purpose (idea) for your token. We will handle the development of smart contracts and token. An ICO (probably in multiple phases) sale will be held to collect funds from interested investors in exchange for your future tokens. People, who choose to buy your ERC20 tokens, will collectively own them. Then, you can either put your tokens on hold, allow trading through your own or any other cryptocurrency exchange or extend their usage to more physical/real world applications.