The popular cryptocurrency and blockchain system Ethereum is based on the use of tokens, which you can buy, sell, or trade.
Ethereum was launched in 2015, and since then it has become one of the driving forces behind the popularity of cryptocurrency. In the Ethereum system, tokens represent a diverse range of digital assets, such as vouchers, IOUs, or even real-world, tangible objects. Essentially, Ethereum tokens are smart contracts that make use of the Ethereum blockchain.
What is ERC-20
One of the most significant Ethereum tokens is ERC-20. ERC-20 has emerged as the technical standard; it is used for all smart contracts on the Ethereum blockchain for token implementation and provides a list of rules that all Ethereum-based tokens must follow.
ERC-20 is similar, in some respects, to bitcoin, Litecoin, and any other cryptocurrency; ERC-20 tokens are blockchain-based assets that have value and can be sent and received. The primary difference is that instead of running on their own blockchain, ERC-20 tokens are issued on the Ethereum network.
The Ecosystem stands behind DESC
DESC , Decentralized Discount Issuer is backed by $DESC token to process the discounted payments. The infrastructure is based on Ether’s ERC-20 platform. This is basically a smart contract which runs the processes between the buyer and the seller. The process takes only seconds to a minute.
$DESC is not a mineable but burnable token. This is to keep the value at the most and provide better liquidity for both customers and sellers. The idea of DESC is providing the same good or service at better & buyable level and offering savings to both sides.