I would like to propose the adoption of an XDC Network Improvement Proposal (XIP) for XRC-20 tokens. My draft XIP is available at https://github.com/XDC-Community/XIPs.github.io/pull/8.
These tokens and the term XRC-20 have been widely used across the XDC community, but there has not been a single source of truth for the XRC-20 standard. Beginners unfamiliar with Ethereum and XDC would have to rely on individual blog posts and videos to understand what XRC-20 is.
Therefore, I have adapted EIP-20 for XDC Network and propose formalizing XRC-20 as a Token Standard. Comments on the pull request are welcome and if you have any questions, we can discuss here on xdc.dev or in the #xip-discussion channel of XDC Community Discord server.