# Another potential token standard for the IC
**URL:** https://forum.dfinity.org/t/another-potential-token-standard-for-the-ic/4500
**Category:** Developers
**Created:** [May 29, 2021, 12:23am UTC](https://forum.dfinity.org/t/another-potential-token-standard-for-the-ic/4500 "2021-05-29T00:23:37Z")
**Posts on this page:** 2
**Page:** 1
### Author:  [@stephenandrews](https://forum.dfinity.org/u/stephenandrews)
#### Post date: [May 29, 2021, 12:23am UTC](https://forum.dfinity.org/t/another-potential-token-standard-for-the-ic/4500/1 "2021-05-29T00:23:37Z")
I have uploaded a spec for a [basic fungible token standard](https://github.com/Toniq-Labs/ic-fungible-token) along with my rationale. I know a few standards have been approved, but this one does differ to a lot of the existing proposed standards in a number of ways (e.g. we use the [AccountIdentifier](https://github.com/stephenandrews/motoko-accountid) as our token “addresses” as opposed to just the Principal).
A lot of what we are working on relies on a token standard (DEX, wrapped tokens, atomic bridges, token wallets etc), and we are hesitant to push too hard with development when there’s no real consensus on what a token standard could look like. I am a supporter of a broader multi-token standard like erc1155 (e.g. [I have contributed to this one](https://forum.dfinity.org/t/proposal-for-a-standard-token-interface/1304)) however I think this needs to be fleshed out a bit more.
Does anyone else have any thoughts on what a basic (erc20-like) token standard should look like and/or contain?
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### Author:  [@AlliDoizCode](https://forum.dfinity.org/u/AlliDoizCode)
#### Post date: [May 29, 2021, 2:05pm UTC](https://forum.dfinity.org/t/another-potential-token-standard-for-the-ic/4500/2 "2021-05-29T14:05:50Z")
That looks awesome you should add your proposal here [GitHub - OpenCan-io/opencan](https://github.com/OpenCan-io/opencan)