Last updated
Last updated
The platform provides seamless integration for businesses and individuals to manage ERC-20 tokens through Virtual Accounts (VAs). This functionality allows users to create, register, and use ERC-20 tokens within the ecosystem, enabling secure storage and efficient management of digital assets. Whether creating a new token or integrating an existing one, users can benefit from streamlined token management without the need for complex blockchain infrastructure.
ERC-20 Token Support: The platform enables the addition of any ERC-20 token, whether new or existing, into the system.
Virtual Account Management: Create and register Virtual Accounts to hold and manage ERC-20 tokens for users.
Seamless Token Integration: Allow businesses and users to integrate their own custom ERC-20 tokens into Orangepill’s ecosystem for transactions, deposits, and withdrawals.
Real-time Balance Synchronization: Ensure that Virtual Accounts reflect accurate, real-time balances of tokens held, based on both on-chain and off-chain data.
Orangepill provides several key actions that businesses can use to interact with ERC-20 tokens within the platform:
With this feature, businesses can create a new ERC-20 token within the platform. This action sets up the token with a defined supply and ensures it is available for use in Virtual Accounts.
Action: Deploy a new ERC-20 token.
Use case: Businesses launching a new token on the platform can define the token's symbol, supply, and decimal places.
This action registers a token that was deployed via the platform without requiring a contract address. The system automatically retrieves the contract address based on the transaction data and completes the registration.
Action: Register a platform-deployed ERC-20 token into the ecosystem.
Use case: Token issuers who deployed a token through the platform can register it for use in Virtual Accounts and enable transactions.
This action allows businesses to register an existing ERC-20 token that is already deployed on the blockchain. Once registered, the token becomes available for transactions within Orangepill's ecosystem, and Virtual Accounts can hold balances of this token.
Action: Register an existing ERC-20 token into the platform.
Use case: Token holders can integrate their tokens into Orangepill to enable transactions, deposits, and account management.
Orangepill also offers the ability to query and retrieve detailed information about a registered token. This includes details like the token's symbol, supply, and registration status.
Action: Retrieve the token's details by its unique identifier.
Use case: Businesses can fetch token information for reporting, tracking, or operational purposes.
New ERC-20 tokens can be created with custom parameters, including symbol, supply, and decimal places. These tokens are then ready for integration into Virtual Accounts.
If a token is already deployed on the blockchain, it can be registered in the system for use within Virtual Accounts. This registration ensures that tokens are fully integrated and available for transactions.
Virtual Accounts act as digital wallets that store ERC-20 tokens. Once a token is registered, it can be deposited into Virtual Accounts, enabling users to track and manage their balances.
Easy Token Integration: Businesses can quickly integrate any ERC-20 token into their ecosystem, enabling efficient token management and user interactions.
Versatility Across Use Cases: Once integrated, tokens can be used for a wide range of applications, including loyalty programs, payments, and decentralized finance (DeFi) interactions.
Scalability: The system allows businesses to scale their operations by adding new tokens without the need for custom development or deep blockchain expertise.
Enhanced User Experience: By using Virtual Accounts, businesses can offer users a simple and secure way to manage and transact with tokens, ensuring ease of use and reliability.
The platform provides comprehensive token management, from creating new tokens to registering and integrating them into Virtual Accounts. This end-to-end solution enables businesses to focus on their core operations while the system handles the complexities of token integration and management.