# What Are LEP100 Tokens and LEP100 Standard?

Token monotony in crypto has helped to build a foundation for the whole digital ledger technology as we know it.&#x20;

Smart contracts like Ethereum and Binance Smart Chain (BSC) allow you to build and launch your decentralized application (DApps). Each dApp comes with a quantity of value, and a tradable asset called a "token," used to provide a value or perform certain social; and governance-related activities.&#x20;

These tokens tread the hills of the specific framework called a **TOKEN STANDARD**, a set of rules and guidelines incorporated into the smart contracts. If a token doesn't yield and comply with the desired token standard, it won't be compatible and won't interact with the ecosystem applications, such as wallets and exchanges.&#x20;

Every blockchain platform has its category of token standards that smart contracts have to adhere to. You might be well accustomed to ERC-20 tokens; these are the Ethereum-based tokens that the ERC-20 token standard acts. Likewise, Binance Smart Chain (BSC) comes with a token standard called BEP-20, which has to be followed by every BEP-20 token released on the Binance Smart Chain space.&#x20;

The Lithosphere network introduces a new token standard - LEP100 inspired by previous ERC20, ERC1155, BEP20, etc.


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