BENEFITS OF ERC-20 TOKENS
Basically, it makes things a lot simpler. Prior to the ERC-20 token, developers could use a different term in their code. Exchanges and wallet platforms then have to spend more time to integrate the token source code of each new currency.
However, with the arrival of the ERC-20, a common standard framework has been created, thereby helping the new token to almost immediately be recorded on the exchange or automatically transferred to the user’s wallet once created.
The ERC-20 also makes building new tokens easier than ever, and this is why Ethereum became the most popular ICO “launchpad” in 2017.
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