Get your tokens moving!

Paytomat
Paytomat
Dec 12, 2018 · 2 min read
Image for post
Image for post

Paytomat Labs is proud to announce a working cross-chain token migration protocol! Now any team can easily swap the ERC20 tokens into EOS and back after a quick setup.

The advantages for any user are obvious — instant increase in liquidity, we are working with major decentralized exchanges to list your token as soon as it hits the EOS network.

For any ERC20 token team that wants to boost liquidity and solve the problem of the listing in one go, if you want to get your token listed drop us a line at es@paytomat.com (Please also give your coin ticker, links to the project and list of markets if your token is already being traded)

We provide a turnkey backend and user front can be either provided by you or developed by us. Check out how it works here: https://i.aeron.aero/swap.

To set up the system two hot wallets are required with balance monitored and maintained. However, cold wallets can be introduced, this way user’s funds will be first sent to cold wallets, and if the amount is larger than the hot wallet balance, the transition can be approved manually by the team.

The process is straight forward for the user if the issuer is paying for gas:

1.Select cross-blockchain swap direction.
2. Submit your Ethereum (ERC20) address and your EOS account.
3. Transfer tokens to our swap address.
4. Receive your tokens on another blockchain.

In case you want to play it safe and not pay for anything, there will be an extra step for the user — transfer a small “hold” amount in ETH and stake/login with EOS, the money held to link the addresses are used to pay the transaction costs for the user.

Paytomat

Decentralized System for Cryprocurrency Payments

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store