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What is an ESDT?

Mihai avatar
Written by Mihai
Updated over 3 years ago

eStandard Digital Token (ESDT) is a general standard token of the MultiversX blockchain platform (MultiversX's version of ERC20), embedded in the protocol, that allows people to issue their own tokens using network advantages: fast, inexpensive to mint (0.05 eGLD) & transfer (0.00005 eGLD).

MEX, wUSDC & RIDE are some of the first ESDTs with use cases on the network.

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