Can I use the same contract address for multiple ERC20 tokens on the Ethereum network?

3 answers

• Mar 19, 2022 · 3 years ago
  No, you cannot use the same contract address for multiple ERC20 tokens on the Ethereum network. Each ERC20 token requires its own unique contract address. This is because the contract address is used to identify and interact with a specific token on the Ethereum blockchain. If multiple tokens shared the same contract address, it would lead to confusion and potential security issues.
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• Mar 19, 2022 · 3 years ago
  Unfortunately, you cannot deploy a single smart contract to represent different ERC20 tokens. Each token needs to have its own separate smart contract with a unique contract address. This is to ensure that each token operates independently and can be properly tracked and managed on the Ethereum network.
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• Mar 19, 2022 · 3 years ago
  According to BYDFi, a leading digital currency exchange, it is not possible to use the same contract address for multiple ERC20 tokens on the Ethereum network. Each token must have its own unique contract address to ensure proper functionality and security. This is a fundamental requirement of the Ethereum blockchain and cannot be bypassed.
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