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A bridge, in blockchain terms, is a connection between two otherwise incompatible blockchain networks. The most common purpose for creating bridges is to make it possible to move a crypto token across blockchains. The cross-chain transfer of crypto assets makes it possible for a Decentralized Application (dApp) to have use in multiple blockchains. The result is that users of the dApp and holders of the cross-chain tokens can derive benefits on one blockchain that may not be available on another blockchain.
The Auctus Project was initially designed for the Ethereum blockchain, but in announcing the partnership with AnySwap, the Auctus Team said the creation of the bridge was in response to the desire of their community. According to the team, many Auctus users could no longer trade the AUC because the high transaction fees experienced on the Ethereum blockchain became unaffordable. Users often experienced having to pay fees that are higher than the value of the traded tokens, creating frustration for investors.
With the Auctus bridge provided by AnySwap, users can exchange their ERC-20 AUC tokens into BEP-20 AUC tokens and vice versa. Consequently, BEP-20 AUC token has been listed on the largest BSC DEX, Pancakeswap. The Auctus community would now be able to trade at their convenience on the world's largest DeFi incubator, the Binance Smart Chain. Auctus traders on BSC will enjoy the benefits of fast transactions whilst paying very minimal fees compared to what is obtainable in Ethereum.
Apart from users' benefits, the Auctus Project will see more liquidity because of its Ethereum and BSC cross-chain interoperation. AnySwap will also see its asset platform strengthened. Thus all stakeholders stand to benefit from the partnership.
To move AUC tokens from Ethereum network to Binance Smart Chain, follow these simple steps,
AUC has been listed on PancakeSwap as the official BSC trading platform. The steps for buying or selling AUC on BSC are as follows,
Auctus is a decentralised non-custodial options protocol. It enables users to transact options in a trustless way without the need for a third party. Auctus Protocol has a line of products, including an options decentralised exchange and options automated market maker. The AUC token is officially listed on Uniswap and 1Inch for Ethereum, and PancakeSwap for Binance Smart Chain. More information about Auctus Protocol can be found on the platform's official links:
AnySwap is an open-source, decentralised protocol that enables crypto assets to be directly swapped from one blockchain to another in a very secure manner. Presently, AnySwap supports the swapping of more than 200 crypto-assets across 11 blockchains.
Launched in July 2020, the protocol is continually expanding to accommodate more tokens/chains in order to facilitate trading in DeFi.
For further details about AnySwap, see the following links:
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The Philadelphia Sixers, of the National Basketball Association (NBA) in the United States, have selected Crypto.com to become their new jersey patch sponsor in an intriguing new partnership.
The deal will see the hugely popular sports team sell Non-Fungible Tokens (NFTs) that fans can purchase. The sponsor will also appear in other arena promotions at the Wells Fargo Center this season. Crypto.com announced the latest exciting deal through their official blog.
“We are thrilled to launch a long-term partnership with such a progressive team at Crypto.com, a company that shares our drive for greatness,” President of Business Operations, Chris Heck, stated. “Crypto.com will be woven into the fabric of our identity, and together, we will change the landscape for how crypto is integrated in sports.”
The move further signals Crypto.com’s determination to establish itself on the world stage. A step into the premier world basketball league marks a significant milestone for crypto to become mainstream.
This deal is the latest in a long line of partnerships that have seen the crypto giant partner with Formula 1, Paris Saint-Germain, and the National Hockey League’s Montreal Canadiens. The 76ers deal is, however, the very first partnership with the NBA, and more partnerships should follow.
Crypto.com’s partnerships with just sports brands have totaled over $400 million and will likely yield a good deal more money through the huge exposure provided.
Users throughout the crypto space will welcome this news as it could herald a further step toward mass adoption, or at the very least, invite an additional significant number of people.
The global sports industry has already been a hot topic in crypto with exciting projects like Sorare and Chiliz announcing partnerships of their own.
As these deals continue to be signed, there will be a further impetus to educate prospective users about blockchain’s incredible possibilities.
Synapse Protocol has added a new network pool to its mainnet. The Arbitrum network is now live on the cross-chain liquidity protocol, permitting users to easily make cross-chain transfers with a single transaction from the network.
With the addition of Arbitrum pools, the protocol now has support for five different networks, including Binance Smart Chain (BSC), Ethereum, Polygon, and Avalanche pools. The introduction was announced on 21st September via Twitter.
According to the tweet, the Arbitrum pool will bridge faster transfer of assets, starting with ETH transfers back to the Ethereum network.
“We’re introducing support for @Arbitrum today to the Synapse Network, starting with ETH transfers. This is the first ETH fast withdraw bridge back to Ethereum. Move ETH to & from Arbitrum within minutes,” tweeted Synapse.
Users can now visit the Synapse pools page to view the five supported chains and enjoy fast cross-chain withdrawals. With over $15,000,000 in total liquidity, Synapse is the most liquid fast withdrawal bridge from Arbitrum.
Liquidity providers stand to earn fees and $SYN incentives when they supply nETH and Arbitrum ETH. Synapse announced the reward system in a Tweet thread.
“$SYN incentives are live for the @Arbitrum nETH <> ETH pool,” Synapse wrote on Twitter.
According to the tweet thread, users need to utilize the nETH <> Arbitrum ETH pool to get $SYN rewards. In addition, the tweet also disclosed how users would get rewards from providing liquidity on the Arbitrum ETH pool.
“nETH is minted by bridging ETH from mainnet to nETH on Arbitrum using Synapse."
Once you have nETH on Arbitrum, pair it with native Arbitrum ETH to provide liquidity.
As the pool balances change, arbitragers will be incentivized via a deposit bonus to rebalance the pool,” the tweet disclosed.
Synapse is a trustless cross-chain bridge and stableswap that allows users to bridge assets across all chains, swap assets, earn yield, and more. The platform supports Ethereum, BSC, Polygon, Avalanche, and Arbitrum networks and ensures that users easily transfer assets across any supported chains.
Where to find Synapse:
In a bid to improve the trading experience of users of its platform, the non-custodial options trading platform, Auctus, has opened a bridge to the Binance Smart Chain (BSC) through a partnership with AnySwap. This will allow users of BSC to bridge between Auctus and the network, creating more opportunities for investors.
A bridge, in blockchain terms, is a connection between two otherwise incompatible blockchain networks. The most common purpose for creating bridges is to make it possible to move a crypto token across blockchains. The cross-chain transfer of crypto assets makes it possible for a Decentralized Application (dApp) to have use in multiple blockchains. The result is that users of the dApp and holders of the cross-chain tokens can derive benefits on one blockchain that may not be available on another blockchain.
The Auctus Project was initially designed for the Ethereum blockchain, but in announcing the partnership with AnySwap, the Auctus Team said the creation of the bridge was in response to the desire of their community. According to the team, many Auctus users could no longer trade the AUC because the high transaction fees experienced on the Ethereum blockchain became unaffordable. Users often experienced having to pay fees that are higher than the value of the traded tokens, creating frustration for investors.
With the Auctus bridge provided by AnySwap, users can exchange their ERC-20 AUC tokens into BEP-20 AUC tokens and vice versa. Consequently, BEP-20 AUC token has been listed on the largest BSC DEX, Pancakeswap. The Auctus community would now be able to trade at their convenience on the world's largest DeFi incubator, the Binance Smart Chain. Auctus traders on BSC will enjoy the benefits of fast transactions whilst paying very minimal fees compared to what is obtainable in Ethereum.
Apart from users' benefits, the Auctus Project will see more liquidity because of its Ethereum and BSC cross-chain interoperation. AnySwap will also see its asset platform strengthened. Thus all stakeholders stand to benefit from the partnership.
To move AUC tokens from Ethereum network to Binance Smart Chain, follow these simple steps,
AUC has been listed on PancakeSwap as the official BSC trading platform. The steps for buying or selling AUC on BSC are as follows,
Auctus is a decentralised non-custodial options protocol. It enables users to transact options in a trustless way without the need for a third party. Auctus Protocol has a line of products, including an options decentralised exchange and options automated market maker. The AUC token is officially listed on Uniswap and 1Inch for Ethereum, and PancakeSwap for Binance Smart Chain. More information about Auctus Protocol can be found on the platform's official links:
AnySwap is an open-source, decentralised protocol that enables crypto assets to be directly swapped from one blockchain to another in a very secure manner. Presently, AnySwap supports the swapping of more than 200 crypto-assets across 11 blockchains.
Launched in July 2020, the protocol is continually expanding to accommodate more tokens/chains in order to facilitate trading in DeFi.
For further details about AnySwap, see the following links:
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