Do you know how simple the one-click coin issuing function of FAB block chain is?
As we all know, blockchain is the underlying technology of Bitcoin, and Bitcoin is the first application of blockchain.
The transaction information of Bitcoin is recorded on a decentralized account book in the blocks. Each block is connected in order to form a chain structure according to the principle of cryptography. BTC is a reward given to miners to encourage them to continue digging and keep the block chain running.
However, Bitcoin is hardly practical. It was not until the smart contract of Ethernet that the Token could be used as a certificate to raise ETH, which could be traded on an exchange, and the ICO process could be automated.
With the development of the Blockchain technology, the connotation of Token has been further expanded. It is not limited to Token, but also has a variety of attributes such as right of use, return and vote, etc. The encryption technology of the Blockchain can guarantee that all the tamper-proof Tokens can be used as general certificates, i.e. they have the exclusive right of use, which can be further circulated only after the exclusive right of use is converted into the general right of use in the value network. The token economy develops rapidly at this stage.
How to send coins in Ethereum?
1、First, prepare the open source environment in advance and build the ETH wallet Metamask plug-in in the Chrome browser. There are a lot of online tutorials.
2、Use an exchange or a wallet to deposit 0.1ETH or more of tokens in your Metamask wallet to deduct handling fees. Metamask wallet: used to store your newly made tokens. (This step is only the preparation of the wallet)
3、Write a smart contract (for example, MyToken.sol) to implement the ERC20 protocol token contract, compile and deploy the contract on the Ethernet network, compile the code first, and then deploy it on the Ethernet network. Enter the total amount, token name, token symbol, click Deploy, and wait for pending. After the transaction is confirmed, the confirmed token contract address is copied. Then add tokens to your wallet. These steps require not only dealing with wallet but also knowing some coding. In short, it takes time for a freshman to familiarize and deal with.
However, the one-click issuance of coins in the public chain Fast Access Blockchain (FAB) that we introduced today is suitable for everyone. Even if you don’t know any skills, you can simply operate and issue your own tokens.
Issue Token of FAB
Before using the Issue Token of FAB, we should also prepare a eXchangily wallet:
1. Open the eXchangily website (exchangily.com), create or import wallets (https://exchangily.com/manual/home)
2. The newly-created wallet will receive free Kanban Gas. This step must be done first.
3. Then transfer at least 220 FAB into the wallet. The wallet will be ready at this point.
Then, let’s see how simple the Issue Token of FAB:
1. As indicated by the arrow in the figure, we open the menu of ‘Issue Token’.
2. we only need to fill in the corresponding information, and the current total cost is 200 FAB. According to the current price of FAB, the cost is about $100. Of course, as the value of FAB continues to increase, the less FAB will be set in future.
3. When you click Confirm, it needs to confirm on the blockchain. Usually it takes a day.
4. Finally, the token symbol will show up in Exchangily asset list. Remember to add assets in your wallet, and you now have your own tokens on the FAB public chain. It is as simple and convenient as that.
If there is anything you don’t understand, you can click on the FRC20 token to view a detailed introduction.
Advantages of FAB issuing tokens
Token issue on FAB is relatively simple, but the decentralization of eXchangily currency needs strict audit. As we all know, air coins are too rampant now.
However, Biswap powered by FAB is about to open, also as a decentralized exchange. The token transactions in the Biswap don’t need that strict examination.
Just like uniswap and pancake swap, you can freely exchange various tokens by configuring smart contracts.
The biggest advantage of Biswap is the interconnectivity among thousands of Blockchains. And the tokens of different blockchains can be used on Biswap. The Biswap exceeds most of the so-called cross-chain bridges and swaps on the market.
As long as you are a powerful project party, you can Issue Token on FAB, which is not only simple, but also can be used conveniently like uniswap and pancakeswap in the future with the launch of Biswap.
The decentralized exchange, eXchangily.com, has been running smoothly, and its trading speed is comparable to that of a centralized exchange. The eXchangily also proves the reliability of the technology of FAB. The introduction of large-scale ecological applications based on FAB in the future allows us to see and experience the future of blockchain in advance.
1. Decentralized Wallet + Decentralized Exchange (exchangily.com) in operation
2.Decentralized digital currency payment tool — — 7StarPay (like Alipay on the blockchain, in operation)
3. Decentralized e-commerce (7Star consumer, operation soon)
4. collectiongala.com, the NFT trading platform (in operation)
5. Decentralized traceability system — — ID Dock (authentication system, operation soon)
6. DeFi Eco-application (Biswap, coming online in August)
7. Blockchain game platform (coming online in August)
8.Decentralized Supply Chain — — DSC Map (Dex Supply Chain, under development)
Related URL links:
eXchangily website: https://exchangily.com
eXchangily White Paper:
FAB official website: https://www.fabcoin.co/
FAB white paper:
FAB blockchain explorer