First off, I have to apologize for the “click bait” title of this article. To be fair though, we do need an ERC20 specific transfer dapp.

ERC20 Tokens

Ethereum paved the way for a new breed of specialized tokens: Erc20 tokens as far back as 2015, when the standard was first drafted by Fabian Vogelsteller (ERC20). Since then, there have been a number of erc20 tokens created because of the sheer ease and inexpensive creation of said tokens.

Over the months that followed, a host of erc20 tokens were created. These are just a four of those which I have found interesting:

DAI - Which is a stable erc20 oken created by MakerDao which is pegged at the rate of 1 DAI ~ 1 USD

REP - An access token required to access the Augur betting platform

BNT - A token used to grant access to the Bancor network trading platform, as well as being a component of the network’s economic model

LOOM - A membership network to participate and utilize fully the Loom network, and the dapp chains, just to mention a few.

There are also tokens which have served as IOU pending the actual release of the actual product, mostly a separate chain from Ethereum.