TomoZ goes live: a frictionless protocol for paying transaction fees in any token issued over TomoChain

Publicado en by Cryptoslate | Publicado en

TomoChain announced it has launched TomoZ, an on-chain protocol that aims to improve how people pay transaction fees when sending tokens.

About a proposed change for Ethereum that would allow users to pay fees with ERC20 tokens.

With the introduction of TomoZ users can now pay for transaction fees in a new token standard: TRC21.

For anyone using TRC21 tokens, it's possible to pay all on-chain fees with the token they are sending.

Issue your own #TRC21 token in minutes, and let token holders pay transaction fees in the token itself!

TomoChain August 20, 2019.Although end-users don't necessarily need to hold TOMO, TomoZ is structured so that it requires the TRC21 token issuer to pay TOMO to cover fees required by TomoChain's masternodes.

Another goal of TomoZ is to simplify the process of token creation and issuance.

TomoZ provides a dashboard for any token issuer who wants to issue a TRC21 token on TomoChain.

Showing how it's possible to create and issue a TRC21 token on TomoChain's testnet.

TomoZ also takes into account the possibility that TRC21 token issuers might not have paid a sufficient amount of TOMO to cover all end-user transaction fees.

x