Hi everyone, The DFINITY Foundation has been working on a Ledger that implements the ICRC-1 Token Standard. This Ledger will be used as SNS and ckBTC Ledger and will be available for everybody for their own tokens. We would like to share the API to facilitate integration with services. Please kee…

I suppose yes if it uses the same transfer function. It depends on the implementation I guess, not the standard.

I see, how about the ICP ledger? Does it have a fee?

Yes. Everything that creates a block has a fee.

I understand, that might be a problem for some use cases and perhaps is one of the reasons some don’t like subaccounts. Say I have a dApp where lots of users deposit funds and only one can withdraw them, with subaccounts you’d have to pay for N transfers based on the number of users.

N needs to be very big in order to really affect the service. The fee can also be split between user and service. The fee was designed to have basically no impact on normal transfers.

[image] mariop: N needs to be very big in order to really affect the service True but that also depends on how high the fees are in case of custom tokens, considering many have expressed their concerns about having to pay fees, even a small amount might be an issue for some, especially if the…

Mario, sir, I understand that projects need NNS approval before they can access SNS services. However, if a project wants to issue a ICRC-1 token, will they be able to implement this without requiring an SNS (and therefore NNS approval)? i.e. will the community have access to issue tokens under t…

[image] Thoughts on the token standard Developers I had some thoughts on the token standard. Several payment flows have been discussed in this thread and other threads and interfaces have been proposed for the flows. Among them were, for example, 1) a 1-step push transfer …

[image] Zane: True but that also depends on how high the fees are in case of custom tokens, considering many have expressed their concerns about having to pay fees, even a small amount might be an issue for some, especially if the number isn’t predictable. There is also the scenario where the d…

[image] Pwoseidon: will the community have access to issue tokens under the ICRC-1 standard in a permissionless/non-gated way? The icrc1 ledger, like all the code from DFINITY, is open source and available to be used by anybody. You deploy your ledger and issue your tokens. No NNS nor SNS inv…

ICRC-1 Token Standard Ledger

Developers

bobbylingus July 15, 2022, 12:38pm 118

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ICRC-1 Token Standard Ledger

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