Singapore, Singapore, 11th November, 2022, Chainwire
$INR is live on BitMart Exchange after several strategic partnerships and a successful listing on Huobi Global. The deposit feature opened on November 9, and the trading feature is set to open on November 11. The BitMart listing comes after the community’s request and voting to list the $INR token on the exchange.
Inery is a proprietary layer-1 blockchain specifically designed to address database management to fuel a paradigm shift in how data is handled. Inery’s native token, $INR, is to be listed on one of the leading and most trusted cryptocurrency exchanges in the world, BitMart, which serves over 9 million users in 180+ nations and supports 800+ crypto trading pairs and over 750 high-quality cryptocurrencies. This opens up an opportunity for Inery to spread its offerings to a wider audience and change the perception and approach to data management while providing value to the everyday user.
Ambitions to Decentralize Data
The way the Inery ecosystem is structured is in a way that breaks entry barriers to Web3. It combines the best of both worlds, the conventional and Web3 spaces, by integrating blockchain functionalities and distributed database properties; and provides an easy-to-use interface to enable the everyday user to easily communicate with the blockchain using layman-level language. Its high-performant, security, and scalability gives Inery different use cases in diverse sectors, including real estate, gaming, finance, governments, healthcare, etc.
Inery also aims to provide interoperability between chains, among other industries, without compromising on performance, scalability, and security. Built atop the proprietary layer 1 blockchain running on memory nodes, its decentralized database management solution (DBMS) enables users to perform CRUD operations as well as have complete ownership and control over their data, such that only users with predefined permissions can access it. This is essential in the technological era where user-generated content and big data are streaming in, and the physical world migrates to the virtual realms but is exposed to big tech manipulation, breaches, losses, etc.
The $INR token is essential in securing and powering the ecosystem and as a unit of exchange for accessing the decentralized storage of Inery DBMS.
Milestones
This subsequent listing comes barely over a month since the INR token was successfully listed on Huobi, where it was well received. Prior to that, Inery had launched its first public testnet and launched a set of activities where users are rewarded for completing sets of tasks. The second set of activities is currently ongoing, where the testnet has already registered 2000+ master and lite nodes from over 10 countries worldwide.
Inery has also carried out successful VC rounds, seeing firms like Metavest invest at a valuation of $128 million and Global Emerging Markets (GEM) commit $50 million. Other VC investors include Nebulous Holdings AG, Menas Global, Cap Lion Point, Truth Ventures, and Zazen. It has also strategically partnered with firms like NexBloc and EDDAVerse, and recently inked an MoU with Bharat Electronics Limited (BEL), a Navratna’s PSU that handles the entire Indian PSUs’ technical parts. The project has also been recognized as the “Best Emerging Blockchain Solution” at the Leaders in Fintech 2022 Awards.
Listing Schedule
Inery is scheduled to be listed on BitMart on November 11, with the trading pair: INR/USDT.
- Deposits started on 09/11/2022 at 3 PM (UTC)
- Trading starts on 11/11/2022 at 3 PM (UTC)
About Inery
Inery is a layer-1 blockchain solution designed to open the doorway to Web3 by enabling interoperability among blockchains and a streamlined transition from Web2 to decentralization. Inery’s simple-to-use GUI breaks entry barriers to the blockchain, enabling layman-level communication between end-users and the blockchain, while maintaining high throughput, unparalleled security, privacy, data sovereignty, etc.
Contact
Director of Marketing & PR
Tijana D Gertner
INERY PTE. LTD.
tg@inery.io
Leeuwarden, Netherlands, 11th November, 2022, Chainwire
The web3 gaming company Kryptomon which develops the living-NFT-powered metaverse game combining Play-and-Earn gaming mechanics, announced today its partnership with Unstoppable Domains, the leading provider of Web3 domains.
The partnership features an exclusive collaboration between the two brands that will grant Kryptomon NFT holders a unique verification badge to be displayed on their Unstoppable Domains profile. Every Kryptomon NFT holder will also receive $50 towards Unstoppable Domains, so they can secure their Web3 identity.
“Web3 domains open up exciting possibilities for gaming, giving gamers a single identity they can use to showcase their achievements, get rewarded, and more,” said Sandy Carter, SVP and Channel Chief, Unstoppable Domains. “We’re excited to team up with Kryptomom to give gamers more ways to rep their achievements on Web3.”
Umberto Canessa Cerchi, CEO of The Kryptomon Company, said about the new partnership: “We are excited to partner with Unstoppable Domains, the leading Web3 domain provider in the world, to provide our users with exclusive features to ease their use of our games and enhance their gaming experience, and we are looking forward to have a fruitful partnership for both parties for the benefit of both our users.”
The companies are also collaborating to include a unique Unstoppable Domains login system (SSO) into Kryptomon games to ease the process of login and onboarding of new players. In addition, Unstoppable Domains and The Kryptomon Company are exploring to add in the future the ability for their users to purchase unique NFT domains with the suffix “.kryptomon” and “.kmon”.
About the promotion
The Unstoppable Domains $50 gift voucher will be redeemed by Kryptomon NFT owners under the company’s website and will be delivered to the owners by email. Each code can only be used once. If users do not have an Unstoppable Domains account, they will be asked to create one. If users already have an account, they can use the store credit to buy domains right away.
In the next days, Kryptomon NFT holders will be already able to start claiming their Unstoppable Domain $50 gift vouchers on Kryptomon’s official website.
About Kryptomon
Kryptomon is a web3 gaming company. Set in the Kryptomon Metaverse, community members play as “Trainers,” taking care of their own NFT pet monsters, which have a unique and mutable genetic code of 38 randomized parameters that determine their physical and behavioral characteristics. They are capable of learning, falling sick, getting hungry, and protecting their trainers when out on an adventure in the physical world. In turn, trainers must care for, feed, and train their Kryptomon partners to grow and prepare for the battles ahead. Kryptomon aims to create the next step in the evolution of crypto and Metaverse gaming by using blockchain, digital genetics, and location-based technologies. To see how Kryptomon is creating its unique gaming universe, please visit https://kryptomon.co/
Social links
Telegram: https://t.me/kryptomonofficial
Twitter: https://twitter.com/KryptomonTeam
TikTok: https://www.tiktok.com/@kryptomongame
Instagram: https://www.instagram.com/kryptomonteam
Facebook: https://www.facebook.com/KryptomonTeam
Discord: https://discord.gg/kryptomon
About Unstoppable Domains
Founded in 2018, Unstoppable Domains is a Web3 domain provider and digital identity platform. Unstoppable Domains offers Web3 domains minted on the blockchain that give people full ownership and control of their digital identity, with no renewal fees. With Unstoppable Domains, people can replace lengthy alphanumeric crypto wallet addresses with a human-readable name and log into and transact with over 200 apps, wallets, exchanges, and marketplaces. Forbes named the company one of America’s Best Startup Employers in 2022.
Social links
Telegram: https://t.me/unstoppabledomains
Twitter: https://twitter.com/unstoppableweb
Instagram: https://www.instagram.com/unstoppabledomains/
Facebook: https://www.facebook.com/unstoppableweb/
LinkedIn: https://www.linkedin.com/company/unstoppable-domains/
Contact
CMO
Tomer Warschauer Nuni
Kryptomon
tomer@kryptomon.co
+972547000765
Catheon Gaming, the world’s fastest-growing integrated blockchain gaming and entertainment company, is pleased to announce that the Catheon Gaming Center (CGC) is live at https://app.catheongaming.com/.
Catheon’s gaming ecosystem is supported by CGC, a highly scalable and chain-agnostic Web3 gaming distribution platform. The CGC’s mission is to create an interconnected ecosystem for exclusive Catheon Gaming IPs and a growing number of curated publishers, where users have a comprehensive overview of their in-game assets across games and interact with all blockchain elements of the game they are playing are available in one place. As the CGC evolves, it will incorporate the CATHEON token as the primary payment medium for all primary assets sold through the CGC. Users will be offered discounted prices to incentivize its use.
The initial feature set in the CGC will include a game storefront where users can browse our collection of partner games and Catheon Portfolio games and view key information, such as token prices and details on nonfungible token (NFT) collections. Additionally, there will be an NFT marketplace for Catheon Gaming titles and the additional integration of external marketplaces, such as OpenSea and Magic Eden, that can be purchased from the CGC. This process is simplified through a fiat on-ramp that will enable users to purchase assets with credit cards and their on-platform wallets.
Subsequent updates of the CGC will offer various features not yet available to users on a single platform. It will help seamlessly onboard users onto blockchain gaming through participation in NFT mints, initial decentralized exchange offerings and secondary market purchases. It will also provide users with a comprehensive overview of their blockchain assets (NFTs and tokens). With the ultimate goal of having a single place for gamers to interact with blockchain games, the CGC will also provide game-launching functionality and access to game-specific features, such as NFT rentals (scholarship), breeding and staking to improve their earning potential.
William Wu, founder and co-CEO, Catheon Gaming, commented:
“We have an extremely talented team of blockchain developers that have been working extremely closely with our gaming experts to understand the needs of gamers and developers to develop a product that does not yet exist in the market. We are extremely excited to be going live with the Catheon Gaming Center to provide users a simplified platform to interact with blockchain gaming. Looking at competitors in the space, we are confident this product will fill a gap that is truly needed to help further the adoption of blockchain gaming.”
About Catheon Gaming
Catheon Gaming, ranked by KPMG and HSBC as one of the top 10 emerging giants in Asia–Pacific, is the world’s fastest-growing integrated blockchain gaming and entertainment company. Catheon Gaming is the only end-to-end platform providing world-class technical, publishing and partnership capabilities for the world’s leading game studios, companies and brands seeking to navigate their path into Web3. By being the partner of choice, Catheon Gaming has built the industry’s largest portfolio of blockchain games underpinning our vision to revolutionize the way we play, live and earn.
For more information, please visit: https://catheongaming.com/
For media inquiries, please contact: media@catheongaming.com
Singapore, Nov. 7, 2022 – XT.com, the world’s first socially infused trading platform, is thrilled to announce the listing of BIGP on its platform in the Main zone, and the BIGP/USDT trading pair will be open for trading from Nov. 8, 2022, at 14:00 (UTC).
- Users can deposit BIGP for trading on Nov. 7, 2022, at 14:00 (UTC).
- Withdrawals for BIGP will open on Nov. 9, 2022, at 14:00 (UTC).
About BIGP Token
Big Point (BIGP) is an ERC-20 standard governance token issued on the BarterSmart blockchain with a total supply of 11 million. Owners of BIGP are able to participate in the governance of the project, which supports the POINTS stablecoin (pegged to the Thai baht).
For every new subscriber in the Big Point ecosystem, the coin’s value will increase by 20 satangs (1 satang = one-hundredth of a baht). With every membership, the value and demand for BIGP will increase.
About the Big Point ecosystem (BarterSmart)
BarterSmart is a product exchange platform that brings together businesses and entrepreneurs in Thailand who would prefer to exchange goods and services with each other through a barter system. It’s a nonprofit organization that provides tools for business owners.
BarterSmart introduced the idea of combining barter trade and cryptocurrency. The platform uses Points and Big Points as its financial exchange methodology. The ecosystem contains Point and Big Point, two Thai utility tokens. Big Points are digital shares of BarterSmart. Points, on the other hand, are added according to the number of new members (for every new member, 27,500 points are added to the pool). Points can be used as an intermediary to exchange products and services in the BarterSmart community.
On BarterSmart, users can create product presentations, increase sales channels, release stock, exchange, and help and expand business with each other.
XT.com will continue to further strengthen its battle-hardened crypto listing strategies to improve the trading options for all of its users. Deposit, trading and withdrawal options will be available for both BIGP and XT holders. Everyone is encouraged to indulge in BIGP trading seamlessly anytime, anywhere without any limitations. As promised, XT.com will continue welcoming projects for crypto listings and achieve parallel growth with them.
Website: https://bartersmart.co.th/
Facebook: https://www.facebook.com/bartersmartth
Line: https://line.me/R/ti/p/@bartersmart
YouTube: https://www.youtube.com/channel/UCu6UttQn0mbkWOl7i3KTxHg
About XT.COM
By consistently expanding its ecosystem, XT.com is dedicated to providing users with the most secure, trusted and hassle-free digital asset trading services. Our exchange is built from a desire to give everyone access to digital assets regardless of where you are.
Founded in 2018, XT.com now serves more than 6 million registered users, over 500,000 monthly active users and 40 million users in the ecosystem. Covering a rich variety of trading categories together with a nonfungible token-aggregated marketplace, our platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.
As the world’s first social-infused digital assets trading platform, XT.com also supports social networking platform-based transactions to make our crypto services more accessible to users all over the world. Furthermore, to ensure optimal data integrity and security, we see user security as our top priority at XT.com.
Website: https://www.xt.com/
Twitter: https://twitter.com/XTexchange
Telegram: https://t.me/XTsupport_EN
Belize City, Belize, 27th October, 2022, Chainwire
GEM Digital Limited commits 25 Million Dollars to MintMe.com Coin. MINTME rose by over 50,000% in the last two years, and such news will only speed up its march to the top.
MintMe, with over 70 000 users growing against the bear market, was built to serve as an alternative to fiat crowdfunding services. It allows users to create a unique token representing their brand or idea and have their fans and followers buy them as a means of donation. MintMe works as an electronic marketplace for these tokens, and it also has a traditional crypto exchange market within its services.
Thirty developers have been working tirelessly for over a year on a new, not yet released MintMe 2.0 version. It will include many ground-breaking features, such as adding a token shop, giving creators more options to monetize their ideas, and for investors to support projects with potential. This version will completely change the visual interface for MintMe, and it is planned to be released near the end of 2022.
This investment commitment from GEM Digital will allow MintMe to propel its growth, allowing them to allocate funds toward talent acquisition, further development of its marketing efforts, the acquisition of scalability-related infrastructure, and the build of a fully functional mobile application to accompany its site.
Their commitment to providing MintMe with up to a 25 Million USD investment shows the untapped potential of the startup within their market sector and the institutional appetite for more blockchain-based alternatives to popular social and community services such as crowdfunding platforms.
MintMe.com is not only an instrument for prospective entrepreneurs as well as social figures and organizations to crowdfund what they do, but also, it can serve as a medium for creators to directly interact with supporters and for supporters to potentially influence the development path of their favorite project, as well as getting to know more about its creator.
MintMe continues to innovate and push its service forward, incorporating more and more features requested by its users and onboarding its native coin (MINTME) into multiple renowned decentralized exchange platforms. This, together with the notice of the upcoming release of their version 2.0 update, which will bring a complete redesign of the site, has been one of the factors of their exponential growth in the last couple of months.
This commitment by GEM is a big step towards the mainstream integration of MintMe as a secure, straightforward, and community-driven crowdfunding alternative, allowing the service to boost its rate of development and look into the potential of implementing even bigger and more ambitious features to the platform, such as the addition of an NFT marketplace, DeFi token swaps, and more.
About GEM Digital Limited
GEM Digital Limited is a digital asset investment firm. Based in the Bahamas, GEM Digital has committed capital to 50+ projects that trade on over 23 Centralized Exchanges globally. Their mission is to fuel growth and provide working capital to innovative, industry-leading projects in the Web 3.0 ecosystem.
Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and the Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 570 transactions in seventy-two countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provides GEM and its partners with exposure to Small-Mid Cap Management Buyouts, Private Investments in Public Equities, and select venture investments.
Contact
CEO
Artur Makowka
MintMe.com
artur.makowka@mintme.com
Elrond, the startup building internet scale blockchain technology, announces its transformation into MultiversX. The company thus expands its mission of building the new internet economy to include the digital meta-space frontier.
The metaverse-forward company introduces three new products as the pillars for its evolution.
- xFabric is a sovereign blockchain module, and core blockchain applications. Deployable in minutes. Fully customizable. Including a great set of features and use cases for any creative, brand or company.
- xPortal is a true SuperApp. The portal to the Metaverse. The home of your avatar. Everything finance. A debit card. Friends, chat and social. Accessible to anyone, anywhere in the world.
- xWorlds is a world creation engine. Enabling a network of interoperable metaverse worlds. Beginning with the very first world. xWorlds is a platform developed in partnership with Improbable enabling unprecedented new experiences deeply integrated with xPortal and xFabric.
“Incredible amounts of creative energy are being poured into multiple compelling metaverse visions.” said Beniamin Mincu, CEO and founder of MultiversX (formerly Elrond Network). “MultiversX is building the collaborative framework and composable toolkit to set up the stage for a positive sum game of enormous stakes. For reimagining the entire spectrum of human experience and for reinventing the frontend of every business vertical.”
MultiversX will continue to build on the remarkable success of the Elrond Network, technology, community and ecosystem. It will continue to advance the groundbreaking scalable blockchain protocol and tools on the mission of proliferating Web3 technology.
Furthermore, it will expand and broaden the original scope and create the unique opportunity for its millions of users and vibrant ecosystem to lead the once-in-a-generation societal shift towards the metaverse.
The momentous transformation will unfold over a 3 day event at the Brongniart palace in Paris, where Jean-Noel Barrot, French Minister for Digital Transition and Telecommunications, Sebastian Burduja, Romanian Minister of Research, Innovation, and Digitalization, and important Industry leaders from finance, blockchain, Web3 and the Metaverse, will be introduced to the broadened MultiversX scope, products and path forward.
For more information visit: https://multiversx.com
Vienna, Austria, 2nd November, 2022, Chainwire
Riddle&Code, one of Austria’s fastest-growing startups, has established a new path of digitalization for industrial companies with its evolved purpose – onboarding industries to Web3. For many industrial companies it is challenging to transition into the new standards and find their way in the Web3 universe, often delaying entry into new potential business models. With this new technology from Riddle&Code, it is possible to tokenize industrial machines, create new crowdfunding opportunities, and provide trusted data.
To meet this ambitious purpose, the company has now launched programs to help enterprises and trailblazing developers alike capitalize on their own innovation. Called HW-03 Enterprise and HW-03 Community, the two programs from Riddle&Code focus on hardware wallet adoption that will accelerate not only Web3 knowledge but also create new business opportunities for a sustainable future.
Not every blockchain is suitable
Since its incorporation in 2016, Riddle&Code has been developing blockchain solutions for various industrial sectors, mainly energy production and electric vehicle manufacturing. Working with such companies as Wien Energie, Deutsche Telekom and Daimler Mobility, the team at Riddle&Code knows that not every blockchain has the necessary features to meet the specific needs of each industry. In order to push its clients into the fourth industrial age, Riddle&Code has enabled the launch of the RDDL Network, a blockchain-based protocol tailor-made for security, scalability and decentralisation in the energy systems sector. The HW-03 programs are built around usage of the RDDL Network, and require a physical connection via hardware wallets.
“The long experience in the field of cryptographic encryption on special hardware has inspired us to find a suitable solution for the industrial sector” says Riddle&Code’s founder Tom Fürstner, who recently released the whitepaper of the RDDL Network.
The RDDL Network utilizes a unique consensus mechanism called “Proof-of-Productivity”, which makes machines tamper-proof and enables a new kind of trust and traceability for the generated machine data. With a cryptographic hardware wallet connected to a machine, the machine turns into a decentralised identifier on the network – an Industrial Machine NFT. Therefore, the machine itself becomes a part of the network. In the upcoming years, Riddle&Code anticipates over 50 million machines operating as nodes on the RDDL Network, powering the energy sector of the future.
About Riddle&Code
Riddle&Code is a product-led services company specialising in onboarding industries to Web3. The company is the main driver for a world of interconnected token economies by enabling sustainable, green, and resilient machine industries. Riddle&Code offers various solutions to tailor industry-specific hardware wallets and Software-as-a-Service Products to build on decentralised blockchains, mainly contributing to the RDDL Network blockchain protocol.
More information: www.riddleandcode.com / www.rddl.io
Media contact: Christiane Rinke
Contact
Head of Marketing
Christiane Rinke
Riddle&Code GmbH
christiane.rinke@riddleandcode.com
London, UK, 31st October, 2022, Chainwire
Cleverminu, a hybrid meme and Inu token, has shared details of its much-anticipated token sale. The public event has seen 1 trillion CLEVERMINU tokens made available to establish a decentralized economy powered by its users. The token sale began on October 27 at 9:00 UTC, supporting price discovery and distributing CLEVERMINU to a global user base.
Part of a decentralized community network, Cleverminu’s native token combines the intricacy of Inu coins with the novelty of meme tokens. This results in a passionate and highly engaged community whose interests are centered around a thriving token-powered economy. Within the Cleverminu ecosystem, users have access to new features the moment they are shipped. These include forthcoming NFT functionality and new token releases.
The CLEVERMINU token sale began with an initial listing price of $0.0000001. The community bought nearly 13% of the total supply (130000000000 CLEVERMINU) in the first round, adding $13,000(130000000000 x $0.0000001) to the liquidity pool. The community then sent 13% of the tokens to a “burning wallet” to increase the scarcity of their tokens and bolster the value.
Another 10% (10000000000 CLEVERMINU) of the total supply was acquired by the community for $0.000001, adding $100,000 (100000000000 x $0.000001) to the liquidity pool, and 10% of the tokens were delivered to the burning wallet . To date, 46% of the total supply has been transferred to a burning wallet, stabilizing the token price and liquidity. Now the sale is going on at 0.00009USD and moving upwards.
“what you see today is just the beginning of what will unfold in the coming months.”
More than one million has been raised in three days and there are over 7,000 CLEVERMINU holders already. The smart contracts powering the Cleverminu ecosystem have been professionally audited by top contract verifiers in the form of HashEx, Quill Audits, Solid Proof, Haze Crypto, Audit Whale, Ethos and George Stamp.
About Cleverminu
CleverMinu is a unique token comprising the best bits of meme coins and inu tokens. It gives holders the power to own and maintain the value of their token. A community-based token, CLEVERMINU is designed to increase every time a purchase is made.
Learn more: www.cleverminu.com
Telegram : https://t.me/Cleverminu
Contact
CEO
Robins jac
cleverminu
support@cleverminu.com
Lotterium is the first online lottery developed and operated exclusively in the world of cryptocurrencies. Lotterium combines colorful slots and familiar online casino visuals, but under the bonnet lies solid lottery mechanics and a fixed RTP of 95%, which is equally high for all games. Lotterium is not just having lots of fun and trying your luck, but also a way to quickly and legally increase your savings in cryptocurrency. The maximum win in Lotterium is 10 Bitcoins (approx. $200,000).
Lotterium: Unique kind of joy
- Lotterium has 30 colorful and exclusive slots of its own make, just to start with, which are created by the best specialists in Las Vegas. You won’t find these games on any other platforms. This is a Lotterium exclusive. Our best developers came up with dozens of exciting game themes, from treasure hunting and time travel to luxury lifestyle. Our designers and animators created colorful and stylish visuals that will take you to the amazing world of excitement and fun.
- In Lotterium, you can only deposit and withdraw game funds in cryptocurrencies, which limits the circle of players to only an audience that is united in spirit, interests and values. What’s more, you can legally place bets and receive winnings in the crypto-lottery from any device and from almost anywhere in the world. Players are limited only by the regulations that apply to cryptocurrencies in their country of residence, and winnings are not taxed.
Lotterium features
- 30 colorful games of our own design: immerse yourself in the carnival atmosphere of Rio and ancient Rome, or try your luck in the classic games of Keno and Heads or Tails
- Reliable licenced lottery mechanics
- Betting with cryptocurrency: play your way to increase your savings
- Single high RTP of 95% for all games
- Play in any country of the world, legally and without snags (traps)
- Low deposit and withdrawal commissions thanks to native blockchain integration.
How does it work
Lotterium pre-generates a list of codes from games, forming a kind of digital stack of lottery tickets. Each time the user clicks the Play button, they are essentially pulling one lottery ticket from the stack. Whether you pulled out the winning ticket or not, depends only on your luck. The lottery RTP is fixed at 95%, which distinguishes this service from online casinos.
Playing the Lotterium online is simple: just register on the website or download the app.
At the moment, deposits and withdrawals are made in Bitcoin and Tether, but Etherium, Litecoin and many other cryptocurrencies will join the list in the near future.
Funds are credited in any of the accepted cryptocurrencies and are automatically converted into in-game currency – LTU (Lotterium).
Play your way to multiply your crypto-savings with Lotterium, unique kind of joy.
Oct. 31 — KyberSwap has integrated Multichain to bring even more ease and accessibility to KyberSwap users. So, you can now bridge your token assets from chain A to chain B in a single transaction.
Formerly known as Anyswap, Multichain is the leader in the cross-chain field, with a rapidly expanding family of 69 chains and 2,000+ bridges to service the needs of different and diverse blockchains.
Each blockchain has its own unique services, its own community and its own development ecosystem. For Web3 to reach the next level for consumers, users need a fast, secure, inexpensive and reliable way to exchange value, data and exercise control between the chains. Multichain aims to meet this need.
*Learn more about Multichain here
“This integration takes us a step closer to a reality of making decentralized finance easy and accessible for all with KyberSwap as the only DEX you need to use. Already, users have the best swap rates through KyberSwap. Now, we have eliminated the need for external DApps for bridging and cross-chain swapping,”
– Victor Tran, CEO of KyberSwap.
Why bridge assets to another blockchain?
There is a wide, wide world of Web3. Built on blockchain technology, a blockchain can host tokens, decentralized applications (DApps) and data that are immutable and have no central structure of ownership.
But not all blockchains are the same.
For example, some networks have cheaper gas fees, and some DApps are native to one or a select few networks.
How do blockchain bridges work?
A blockchain bridge allows you to transfer your token assets from one blockchain to another.
Typically, the asset that you intend to bridge will be locked up in the bridge, and a wrapped asset will be minted on your destination blockchain.
For example, everyone knows Bitcoin
$20,505 was the first decentralized currency. As the first of its kind, Bitcoin was only available on its own blockchain. Thanks to bridging, BTC now has wrapped versions and can be used on many other chains, such as Ethereum, Polygon, Solana, Cardano, etc.
*Did you know the KyberSwap team is one of the launch partners to create and bring Wrapped Bitcoin (wBTC) to Ethereum? Learn more about it here.
“The future will be multichain, and bridges will be necessary to enable chains to be connected. We are happy to support KyberSwap as a Web3 infrastructure, giving their users the chance to have cross-chain experiences that are more affordable, swifter, and more secure,”
– Multichain co-founder Zhaojun.
KyberSwap is proud to join the Multichain ecosystem and contribute to building a more cohesive, seamless decentralized finance (DeFi).
About Kyber Network
Kyber Network is building a world where any token is usable anywhere. KyberSwap, our flagship decentralized exchange (DEX) aggregator and liquidity platform, provides the best rates for traders in DeFi and maximizes returns for liquidity providers.
KyberSwap powers 100+ integrated projects and has facilitated over $11 billion worth of transactions for thousands of users since its inception. Currently deployed across 13 chains: Ethereum, BNB Smart Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Velas, Aurora, Oasis, BitTorrent, Optimism and ETHPoW.
KyberSwap | Discord | Website | Twitter | Forum | Blog | Reddit | GitHub| KyberSwap Docs