# Various Token Types

The **IBVM Testnet** is a versatile and EVM-compatible blockchain environment designed to support and test a wide range of token standards. Whether you're building DeFi applications, NFTs, gaming ecosystems, or DAOs, IBVM provides full support for deploying and interacting with all major Ethereum token types.

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### ✅ Supported Token Standards

#### 🔹 **ERC-20 – Fungible Tokens**

Standard for cryptocurrencies and utility tokens. All tokens are interchangeable and have the same value.\
**Use Cases**: DeFi, stablecoins, governance tokens, utility tokens\
**Available on IBVM Testnet**: ✔️

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#### 🔸 **ERC-721 – Non-Fungible Tokens (NFTs)**

Unique tokens representing digital ownership. Each token has a distinct ID and metadata.\
**Use Cases**: Digital collectibles, art, identity, real estate\
**Available on IBVM Testnet**: ✔️

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#### 🧩 **ERC-1155 – Multi-Token Standard**

A hybrid token standard that supports both fungible and non-fungible tokens in one contract.\
**Use Cases**: Gaming assets, multi-asset NFTs, batch operations\
**Available on IBVM Testnet**: ✔️

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#### 🗳 **Governance & Custom Tokens**

Tokens built for governance (typically ERC-20-based) and custom behavior like minting, burning, capped supply, or time locks.\
**Use Cases**: DAOs, protocol control, automated tokenomics\
**Available on IBVM Testnet**: ✔️ (via custom smart contracts or IBVM T-Minter)

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### 💡 Why Use IBVM Testnet for Token Development?

* ⚙️ **EVM-Compatible**: Works seamlessly with standard Ethereum tools (Remix, Hardhat, Metamask)
* 🧪 **Risk-Free Testing**: Deploy and test contracts using cBTC (testnet token)
* 🔧 **Full Support for OpenZeppelin Contracts**
* 🔄 **Realistic Simulations**: Gas costs, contract interaction, and UI testing in a testnet-like mainnet
* 🚀 **IBVM T-Minter**: Instantly deploy various token types with no code


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