Make TFT part of Ethereum ecosystem and as such open up compatibility
Would be good to have TFT also compatible with an Ethereum compatible blockchain
And support Ethereum compatible tools like Metamask wallet, …
Today our main chain is on Stellar, which is a good platform and flexible. Its unfortunately less used than some Ethereum based platforms.
Possibilities
Binance Smartchain
pro
- we are already on that chain for DEFI Pancake Swap
- the bridge does already exist between Binance Smartchain & Stellar TFT
- transaction fees are low
- we don’t have to set it up ourselves, its a public chain
- can start here and move over to our own blockchain
- ready for DEFI because other currencies are wrapped there
con
- binance itself is complicated
- no support from binance whatsoever
- its centralized
Deploy our own blockchain based on Cosmos/Tendermint
pro
- fast
- all flexibility
- based on Cosmos/Tendermint (as used by Binance Smartchain)
- can support and fix if needed, ideal for future
- truly opensource spirit, ecosystem growing very nicely
- the TFT can be the native token of the blockchain no need for other intermediate currency like BNC
con
- need to motivate community to run blockchain nodes
- more work from our side
Choose other partner
pro
- have partner and their ecosystem e.g. Casper, …
- we love to work with partners
- Casper is considering to give us a grant, which would be Amazing
con
- some of them not 100% compatible yet, need to figure out how to do everything
remark: there are others like https://gochain.io/
Polkadot Moonbeam
pro
- we already use Parity Substrate as blockchain for deployment & TFGrid management, is part of same ecosystem
- there is the possibility of getting a grant
con
- we have no experience yet with this tech, but ofcourse can build
- Polkadot is expensive to integrate with, Kusama could work as well
Ethereum itself
pro
- still the default
con
- transaction fee way too expensive
- slow
Suggested Approach
- start with Binance smartchain, can always move to other chain later
- create new UI on top of Binance Smartchain for DEFI, make it much more easy !!!
- use metamask as native wallet also for TFT on this chain
questions
- can we run our own DEFI or other smart contracts on Smartchain?
- how easy to make our own UI on top of it?
Feedback
please give us any feedback