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Doesn'T the ergo wallet already has this feature?

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It has the feature to fill in the text fields, but ergo pay is different. The dapp can construct the whole transaction. That means for example for minting a token, you currently send erg to a proxy address and some service there mints the token. With ergo pay, the dapp prepares the whole transaction minting the token and sends it to the wallet to sign it

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