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Back in May, Emil Oldenburg (bitcoin-com CTO) had approached me to discuss the proposal and we brainstormed for days and the result was a simplified version with added support for metadata, codenamed "one token standard", which would enable the ecosystem to build a great token product on main chain! When I asked people for feedback, it appealed to many. Then, Calin Culianu (BCHN) started working on an implementation and I thought we had good momentum and a chance of making it into November code freeze.
Here's the latest version of the CHIP: https://gitlab.com/0353F40E/group-tokenization/-/blob/6cc8488e145007f2c34b1a5e39368986430dcfdc/CHIP-2021-02_Group_Tokenization_for_Bitcoin_Cash.md