Mining of ERC20-based tokens?

larrylarry Member Posts: 1
Noob here, and I've looked online but I can't find a straight answer to my question, so here goes:

If I launch my own ERC20-based token, will it automatically be mined when miners mine ETH?

If not, what is the benefit for me to allow them to mine my token? How do I allow them to do so? Do I need to provide anything in order for them to be able to do this?

If you feel that you'd be wasting your time answering my question, pointing me to a link with answers would be greatly appreciated ;-)

Best Answer

  • Techman34Techman34 Member Posts: 400 ✭✭✭
    Accepted Answer
    ERC-20 tokens are not mined. They can be automatically distributed via smart contracts built on Ethereum, but cannot be mined or staked in the traditional PoW or PoS sense.
Sign In or Register to comment.