Another milestone towards making blockchain simple, trusted and future-proof: our platform now allows you to circumvent the need for cryptocurrency during the token deployment stage.
A common complaint for businesses building blockchain solutions is the fact that public chains charge ‘gas’ or ‘transaction’ fees to perform functions. These are charged in cryptocurrencies, which means that businesses have little choice but to hold crypto on their balance sheets to cover these costs. That’s a headache – not least from a risk and accounting perspective. As of today, Overledger Platform users will no longer have this problem when deploying tokens.
Instead of having to hold crypto currency to pay for deployment gas fees, Overledger users can pay with platform credits which are charged in fiat currency.
This new feature applies to all Quant smart tokens: Base, Flex and Vari, and integrates seamlessly with the Overledger token flow, as seen below.
How this will work
After creating your token, or when choosing ‘Quick Deploy’ on Quant Connect, our users can see two options for deployment: ‘Deploy with Metamask’ and ‘Deploy with platform credits’.
By choosing to deploy with credits, you will use your platform credits and see the associated cost before proceeding. This way, you don’t need to have cryptocurrency, nor do you need to connect to a virtual wallet.
How Quant can help
