Why Are the Deposit Addresses of Some Coins the Same?

The underlying technology of ICO tokens is the blockchain. When the project team creates the token, they can choose an existing mature blockchain protocol standard, or they can develop a new lower-layer protocol.

Using the same addresses enables the management of the different tokens in your account to be easier.

Take the “Ethereum Protocol” for example. Most tokens on the market are developed by the “ERC-20” protocol based on the Ethereum’s public chain.

“ERC-20” establishes a common set of rules for tokens issued via Ethereum smart contracts, including the underlying technology code of deposit, withdrawal, and transfer between lower-layer accounts. This makes all the tokens developed based on “ERC-20” standards compatible with Ethereum’s public chain, which improves the efficiency of communication between different applications (the use cases of ICO tokens).

With such features, tokens with the lower-layer protocols can use the same deposit addresses.

Using the same addresses enables the management of the different tokens in your account to be easier.

For example, the public chain is like the mobile phone operating system. IOS is like Bitcoin protocol and Android is like ETH-ERC20 protocol.

This operating system can have a lot of applications (Wechat, Taobao, Alipay, etc, are like different ICO tokens). All the applications can bind one bank card so that they have only one account. You can also bind different bank cards under your name in different applications.to a nyone.