Sapphire Coin Is ERC20 Token In Ethereum Blockchain

Sapphire Coin at Ethereum Blockchain

The Sapphire Coin is based on ERC20 token standard and running on top of Ethereum blockchain. This post explains a bit further, what does this mean in practice?

The token code is based on ERC20 token standard. It is a technical standard used for smart contracts on the Ethereum blockchain for implementing tokens. The token is designed and used solely on the Ethereum platform and it follows principles to allow token to be shared, exchanged and transferred between wallets. The Sapphire Coin token has following properties:

  • Token Name: Sapphire Coin
  • Symbol: SPH
  • Decimals: 18
  • Supply: 1,000,000,000

The token code is publicly available in Ethereum network, e.g. via EtherScan

The token code is simple by design. The code syntax is based on Solidity programming language.

You can read more about the ERC20 token standard in this Wikipedia page:

Next Steps

Since the creation of token code, there has been few updates and improvements that are recommended to do. Therefore, we will be updating the token code before launching it in the digital exchange and starting the Ethereum blockchain transactions. This will happen in near future.



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