Polkadot Projects Will Be Able to Mint Their Own Tokens in 2021

A token minting system is coming to the Polkadot blockchain ecosystem, promising to be a leaner, meaner version of Ethereum’s ERC-20 standard, the mechanism that launched a thousand token sales.

Announced Wednesday, Polimec, the token issuance and transfer framework for Polkadot, is being launched by the team behind blockchain identity protocol KILT.

The reasons for creating a community-owned tokenizing system native to Polkadot are manifold, not the least of which are the surging gas costs associated with transactions on Ethereum blockchain, said Ingo Ruebe, CEO of BOTLabs and project lead for KILT Protocol.

More: https://www.coindesk.com/polkadot-projects-will-be-able-to-mint-their-own-tokens-in-2021