What Is a Toll Bridge?
In the blockchain context, a toll bridge refers to a mechanism implemented through a smart contract where users pay a toll fee to access additional functionalities or unlock vested cryptocurrencies.
It operates as a gateway that controls and regulates the flow of funds or privileges within a blockchain ecosystem.
One prominent example of a project utilizing a toll bridge concept is DAO Maker, which aims to provide a decentralized launchpad for startups.
DAO Maker’s toll bridge is integrated with its dynamic coin offering (DYCO) framework, which allows startups to raise funds while ensuring accountability and alignment with their roadmap.
Ensuring Accountability
Within the toll bridge framework, investors can request a refund if the project deviates from its original roadmap.
This safeguards and incentivizes projects to stay on track and fulfill their commitments.
The toll bridge mechanism is governed by a smart contract that handles various aspects such as toll bridge burns and claims.
It considers factors like the vesting schedule and the duration since the token generation event (TGE).
To utilize the toll bridge, users need to connect their MetaMask extension to a whitelisted wallet.
Once connected, users have the option to unlock funds from the bridge.
It’s worth noting that the toll bridge allows token holders to exit the vesting schedule before its completion, but this entails forfeiting a portion of their tokens through burning.
Navigating the Toll Bridge
The toll fees for exiting the vesting schedule vary depending on the number of days the funds remain unlocked.
The longer the funds are unlocked, the lower the toll fees imposed when exiting before the vesting period ends.
Users who complete the full vesting schedule without utilizing the toll bridge receive 20% of their locked coins every three months.
In summary, a toll bridge in the blockchain space refers to a smart contract-based mechanism that requires a toll fee for accessing additional functionalities or unlocking vested cryptocurrencies.
It serves as a control point within a blockchain ecosystem and can incentivize adherence to project roadmaps and timelines.