What is an ERC20 Token and does Exodus support it?

If you’re reading this page, you’ve probably heard the term ERC20 Token thrown around in the crypto world. ERC stands for Ethereum Request for Comments. This is an official protocol for proposing improvements to the Ethereum(ETH) network. '20’ is the unique proposal ID number.

ERC20 defines a set of rules which need to be met in order for a token to be accepted and called an 'ERC20 Token'. The standard rules apply to all ERC20 Tokens since these rules are required to interact with each other on the Ethereum network. These tokens are blockchain assets that can have value and can be sent and received, like Bitcoin, Litecoin, Ethereum, or any other cryptocurrency.
The difference between these tokens and a standalone currency like Litecoin is that ERC20 tokens piggyback on the Ethereum network, hosted by Ethereum addresses and sent using Ethereum transactions. Take this transaction for example https://etherscan.io/tx/0x2e81009efe3c00f4869ac4a39fa9b106d5b9fb14d73e98a70d7c5f6f96f4d807
At first glance, this transaction may look like an empty Ether transaction - Note the ‘Value’ of Ether transacted is zero - but look at the text in the red box:

See here for more details on how ERC20 token fees work, see this article  http://support.exodus.io/article/67-how-do-i-send-or-exchange-an-ethereum-powered-asset

Sometimes, token contracts do not handle token transfers correctly, sometimes because the fee was too low, or the contract was incorrectly programmed. In these cases, examining your transaction on a blockchain explorer like Etherscan will show an error:

By now, you may have noticed that within your Exodus wallet, your ANT, GNT, REP, EOS, and other ERC20 assets share the same receiving address as your Ethereum address. Now you know why!

All ERC20 tokens transact on the same network that your Ethereum wallet uses. Hence, an ETH address is also a GNT address, is also an EOS address, and so forth.

Exodus currently (ver.1.48.0) supports the following ERC20 tokens:  0x, Aragon, Augur, Adtoken, Aeron, Aeternity, Aion, Airswap, Amber, AppCoins, Binance Coin, BAT, Bancor, Bread, ChainLink, Cindicator, Civic, Decentraland, Dent, Dentacoin, DigixDAO, Dragon, District0x, EOS, Edgeless, Ethos, FirstBlood, FunFair, Gnosis, Golem, Genesis Vision, ICON, Iconomi, Kin, KuCoin, Kyber, Loopring, Lunyr, Maker, MediShares, Melonport, Metal, Monaco, Matchpool, Numeraire, OmiseGo, Pillar, Po.et, Polymath, Populous, Power Ledger, Qash, Quantstamp, Raiden, RChain, Request, Revain, Ripio, Rivetz, SALT, Santiment, SingularDTV, Status, Storj, Storm, Substratum, TAAS, TenX, Time New Bank, Tron, VeChain, Veritaseum, Viberate, Walton, Wax, WeTrust, Wings and iExec RLC.

If you do not see your desired ERC20 token on the list above, please note that you can still store it in Exodus but you won't be able to manage it as explained in this article https://support.exodus.io/article/128-how-do-i-receive-unsupported-erc20-tokens