EVM means Ethereum Virtual Machine. IoTeX fully supports ERC20 and ERC721 Ethereum token standards so that you can port any existing Ethereum token to IoTeX with no changes to the code. In IoTeX, XRC20 is the name of the token standard equivalent to the Ethereum ERC20 standard, while XRC721 is the equivalent for the ERC721. Follow these tutorial if you want deploy xrc20 token https://docs.iotex.io/dapp-development/smart-contracts
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