Leveraging ERC20 Crypto Tokens for Business Growth: Overcoming Regulatory Challenges and Market Monopolies

Abstract

Private companies seeking to grow often face complex regulations that hinder their development or delay decision-making. These challenges stem from market monopolies that tend to absorb smaller entities. However, principles of free markets and democratic governance protect social justice and prevent the concentration of corrupting power. This article explores company-issued crypto assets as a promising growth avenue. It emphasizes the importance of carefully timing the introduction of crypto assets to the public, as this can significantly impact their success and value. The Ethereum-based ERC20 protocol is highlighted as a key standard for issuing crypto tokens. Ethereum, a decentralized blockchain platform, is advantageous for implementing complex business logic and smart contracts. Companies often issue tokens to raise capital through ICOs, with the ERC20 protocol being the most widely used standard. This protocol ensures compatibility within the Ethereum ecosystem, making it a preferred choice for new crypto token development.