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Just like erc20 tokens are created in Etherum chain, is it possible to create similar token in Steem blockchain?
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Steem Engine uses the Steem Smart Contracts software, built by @harpagon, which is a smart contract enabled sidechain platform built on top of the Steem blockchain. Initially launched with a limited set of smart contracts enabled which allow anyone to easily make custom, simple tokens on the Steem blockchain.

Create token now - https://steem-engine.com/

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