Glossary
What is Smart contract?
A smart contract is code deployed on a blockchain that runs exactly as written when called, with no operator able to alter or stop it.
Contracts hold state (such as token balances) and expose functions anyone can call by sending a transaction. Once deployed, the code is immutable unless it was written to be upgradeable.
A token, a liquidity pool, and a DEX router are all smart contracts. Monmint deploys a standard, verified ERC-20 contract for the tokens you create.
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Related terms
- ERC-20ERC-20 is the standard interface for fungible tokens on Ethereum and EVM chains like Monad, defining the functions (transfer, approve, balanceOf) every wallet and exchange expects a token to have.
- EVMThe EVM (Ethereum Virtual Machine) is the runtime that executes smart contracts; EVM-compatible chains like Monad run the same bytecode and tooling as Ethereum.
- Renounce ownershipRenouncing ownership permanently gives up the owner's admin rights over a token contract, so no one can mint, change tax, or pause it again.