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TRC20 token is a technical standard based on the implementation of the smart contracts when using the TRON network to issue a token. It is fully compatible with Ethereum’s ERC20. A TRON address with a smart contract will be required for creating a TRC20 token. A TRC20 token can be traded on the leading exchanges in the market, can be offered in a firm’s ICO crowdsale, in DApps as a payment method, and for developing your own projects. TRC20 tokens cannot be accessed via API and have bandwidth costs for API transfers and deposits made by users. TRC20 tokens can be used for facilitating conditional and instant transactions. The bonus distribution system works on a first-come-first-serve basis. It has a higher energy level and bandwidth capacity than the TRC10 token.

Read more at: https://medium.com/security-token-offering/a-detailed-explanation-of-how-to-create-trc20-token-410a814dbd21