BEP 20 is a parallel token standard existing in a binance smart chain (BSC) platform. This token standard is used for creating a cryptocurrency token called the BEP20 token. The token standard excels in technical aspects of the Binance smart chain platform. The primary motive of BEP20 is for generating a contracted token standard built on top of the BSC. BEP20 token standard enables you to leverage the quick and highly secured Binance smart chain blockchain. It also allows you to run dApps without charging any subsidiary fees.