CoreLedger developed its ERC-20 token proxy to minimize the risk of pursuing an Ethereum-based project; granting ERC-20 token issuers with a potential future alternative should the industry standard digress from ERC-20.
- Increased liquidity: PTE-enabled tokens are tradable in CoreLedger’s ecosystem. Tokens issued in CoreLedger’s system through PTE can benefit from cross-chain transaction.
- Blockchain flexibility and “future-proofing”: Ability to migrate tokens to other CoreLedger-compatible blockchains.
- Digital asset transparency: generation of an Asset ID to represent the underlying assets by which a token is backed.
- Compatibility: PTE-enabled tokens can be traded on any exchange using today’s practices and technology while enjoying the added benefits from CoreLedger’s environment.