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EOS contrary to Ethereum comes with the token smart contract out of the box. As Ethereum has ERC20 smart contract, EOS has <a href="https://github.com/EOSIO/eos/tree/16808f94dc79791819ddc8ad919e4cb8111b4eff/contracts/eosio.token" target="_blank">eosio.token</a> smart contract. Eosio.token smart contract allows you to create your own token by providing maximum supply and token’s literal, issue tokens to an account and transfer tokens between accounts. EOS tokens on EOS blockchain are issued using the same contract.