Create your own ERC20 token by specifying the standard parameters, such as token name, token symbol, decimals number, total supply and the address of the initial holder of all the tokens.

You will get your own smart contract for your token and an interface for all the token operations:

1. Transfering: each token holder can transfer a specified number of his/her tokens to another Ethereum address.
2. Checking the token balance of any Ethereum address.
3. Approving: each token holder can allow another person or smart contract to use a specified value of his/her tokens. Also token holder can check and change his/her current token allowance.
4. Transferring from another address: if someone allowed you to transfer his/her tokens you can also do it by using dApp interface.