Yoko Ogawa once said “Solving a problem for which you know there’s an answer is like climbing a mountain with a guide, along a trail someone else has laid. In mathematics, the truth is somewhere out there in a place no one knows, beyond all the beaten paths. And it’s not always at the top of the mountain. It might be in a crack on the smoothest cliff or somewhere deep in the valley.”
Since the creation of ethereum, blockchain technology has seen massive growth and has metamorphosed into greater heights. Different applications have evolved and many more are yet to be conceived and launched.
But one thing that has gradually become a nightmare is the gas fee. This has delayed the take-off of so many projects experience, and end-users are not able to partake in their beloved and perceived good projects due to high gas costs.
TollFreeSwap is a new cutting-edge decentralized fee reclaim and fee-less exchange for swapping erc20 tokens. Tollfreeswap uses an automated market maker (AMM) model to determine excess gas fees spent on each transaction carried out within the ecosystem and refund this excess or high gas fee spent on the network back to the user.
Built on the ethereum network, tollfreeswap refunds fees on erc20 transfers and will integrate other gas-consuming decentralized applications.
Some key components and dApps on the ecosystem includes:
>Swapping from one token to another
>Staking TOLL. Must stake a minimum of 1 TOLL required to be able to get a gas refund.
On tollfreeswap, current and working integrations are both uniswap layer and sushiswap layer proxy contract, which is where paid fees are determined and refunded, with more proxy contracts for various applications on the way.
You swap from ETH => USDT, tollfreeswap determine the extra gas fees spent and send them back to your wallet, and this is done in the same transaction as long as it passes through Tollfreeswap. Since TOLL is an erc20, it is mined by sending transactions via our proxy. So the fees that get reclaimed are basically mined. This simply means the amount of TOLL in circulation grows by the number of transactions routed.
The Toll Token
Our Mission is to offer a solution to the current high gas fee on the ethereum ecosystem, give everyone an opportunity to participate in this emerging and fast-growing technology, and boost incentives for using the Ethereum network.
TOLL Token powers the tollfreeswap ecosystem and is been utilized in the following ways
⁃Ether gas reclaim requires holding TOLL token
⁃Spend TOLL on our premium products and services.
⁃Stake TOLL to receive rewards and freemium services and features.
⁃Holding TOLL gives you the ability to instantly get back your excess ether spent on gas on that particular transaction.
Token Name: TOLL
Circulating Supply: Circulating supply of TOLL Depends on total reclaimed ether and excess gas spent on swaps on our DEX.
Token Price: For the initial phase purchase, the token price is set at 1 ETH = 1 TOLL
Token Type: ERC20