Terenval Crypto Glossary · Русская версия
Token allowance
Definition: A token allowance is the remaining amount a token owner has authorized a spender to transfer under an approval-based token contract such as ERC-20.
Allowance can be finite or effectively unlimited and persists on-chain until spent, changed or revoked according to the contract.
How this concept appears in Terenval Wallet
Terenval users interacting with compatible dApps should treat allowance as a continuing on-chain permission, not merely a one-time popup.
Important: Review and revoke unnecessary allowances through trusted tools or protocol interfaces when appropriate.
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A non-custodial mobile wallet with WalletConnect for compatible dApps.
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Related terms
Related Terenval Answers
- How to Secure a Non-Custodial Crypto Wallet
- How to Send Crypto Safely Between Wallets
- Can One Crypto Wallet Manage Multiple Blockchains?
Sources and review
Terenval product statements are first-party information.