A toll bridge is a bridge powered by a smart contract where a monetary value called a toll fee unlocks access to extra functionalities.
A toll bridge is a bridge powered by a smart contract where a monetary value called a toll fee unlocks access to extra functionalities. In the blockchain world, a toll fee is a key to unlocking vested cryptocurrencies.
A major blockchain project to initiate a toll bridge is DAO Maker, whose mission is to provide a safe and decentralized launchpad for startups.
The feature comes with the dynamic coin offering (DYCO) framework, which allows startups to seek investments and ensures project developers remain on course. With this fundraising model, investors have the option to request a refund in case the project veers off its original roadmap.
The smart contract handles factors such as toll bridge burns and claims. The toll bridge claims consider factors such as the vesting schedule and the days since the token generation event (TGE).
Using the bridge requires the MetaMask extension to connect to a whitelisted wallet. A successful connection gives the option to unlock funds from the bridge. Notably, the bridge allows token buyers to exit the vesting schedule before the time is over. However, they have to forfeit part of their tokens through burning.
Note that the more days the funds remain unlocked, the fewer the toll fees you pay when you exit before the vesting period is over. Note that users who go through the full vesting schedule without passing through the toll bridge get 20% of their locked coins every three months.
© 2021 COINCU Financial Group Inc. Address: Road Town, Tortola, British Virgin Islands (BVI).
Email us: [email protected]