Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: marcus5151 on August 17, 2020, 06:51:42 PM



Title: Receiving an error on a TOMO transaction
Post by: marcus5151 on August 17, 2020, 06:51:42 PM
My TOMO address is showing a balance of 5,133 TOMO, but it is not allowing me to send those tokens. I would really appreciate someone's help to better understand why my tokens are showing as available at this address, but i am getting an error when trying to send the tokens. I have enough ETH on my Ledger to cover GAS. Please see below for my ETH address and the error transactions. Any help or insights would be greatly appreciated!

https://etherscan.io/tx/0xd343f1a606f10a05ff6437b13e2d0248c56065534be02c8470725fb3123f5c40


Title: Re: Receiving an error on a TOMO transaction
Post by: coupable on August 17, 2020, 08:20:52 PM
There are two possibilities to explain your failed transaction:
1- The token contract is locked or paused, so the tokens are not transferable yet.
2- The token contract does not emit a transfer event. According to this description (https://info.etherscan.com/what-happens-when-erc-20-token-transfer-might-have-failed/) from etherscan, this issue is due to the compliance policy toward ERC-20 tokens.

Now if we check the transactions in contract address for TomoCoin (https://etherscan.io/txs?a=0x8b353021189375591723e7384262f45709a3c3dc) (TOMO), we can see that a total of 32,998 transactions failed + 5 recent pending transactions. I don't have much time to check the actual status of the project, but you can verify it by yourself by asking project devs. I think the project is still at early stages, and the tokens should be transferable at a sheduled date if there isn't non-compliance with ERC-20 contract standards .