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: 402 ✭✭✭
    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.
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