1. What is the purpose of Interchain Tokens?
Interchain Tokens on Axelar serve the purpose of enabling seamless transfer of ERC-20 tokens across multiple blockchains. They allow for interoperability, facilitating transactions and interactions between different blockchain networks.
2. How is the security of Interchain Tokens ensured?
The security of Interchain Tokens is tied to the security practices of the blockchains they integrate with. Users are advised to conduct due diligence on the security measures implemented by each blockchain where their tokens will be deployed.
3. Can I create a custom ERC-20 token and deploy it as an Interchain Token?
Yes, Axelar provides users with the flexibility to create custom ERC-20 tokens and deploy them as Interchain Tokens. This allows for additional features such as specifying minting policies, ownership structures, and other bespoke functionalities.
4. What is the Interchain Token Portal, and how do I use it?
The Interchain Token Portal is a user-friendly interface for creating Interchain Tokens. To use it, visit the portal, connect your wallet, select a source network, and choose to deploy a new Interchain token. Provide the necessary details, and your token will be available on multiple chains.
5. Can I have different names or symbols for my token on different chains?
If you want your token to have different names or symbols on different chains, you'll need to build a custom token. Creating a simple token using the Interchain Token Service Portal will give the token the same name and symbol on all chains.
6. How can I transform my existing ERC-20 token into an Interchain Token?
You can transform an existing ERC-20 token into an Interchain Token by registering it as a Canonical Token with the Interchain Token Service using the Interchain Token Factory. This process involves deploying remote canonical Interchain Tokens on destination chains.
7. What steps should I follow to ensure the successful deployment of Interchain Tokens?
For successful deployment, users should follow the steps outlined in our Developer Docs, including registering canonical tokens, deploying remote canonical Interchain Tokens, and approving the Interchain Token Service to spend tokens.
8. Is there a sample custom token available for experimentation?
Yes, Axelar provides a sample custom token that users can use as a starting point for creating their own Interchain Tokens. This token self-registers with the Interchain Token Service and can be deployed to multiple chains.
9. Can I deploy a custom token on multiple chains with different functionalities?
Yes, users can deploy custom tokens on multiple chains with different functionalities. By deploying a Mint/Burn - Token Manager for existing tokens on all chains, users can achieve the desired custom functionalities.
10. What is the recommended approach for creating Interchain Tokens with advanced features?
For advanced features, users are recommended to create custom Interchain Tokens. This involves building and deploying ERC-20 tokens on multiple chains, deploying Mint/Burn - Token Managers, and enabling the Interchain Token Service to invoke Mint/Burn functions.
11. Where I can get help regarding my Interchain Token?
For developer support, please reach out to our DevRel team by creating an issue in our support Github. For general support or to report bugs, please open a support ticket and one of our technical mods will respond during business hours.