Hot Cross Debuts Multichain Bulk Sender For Whale Transactions

Wintermute also appears as the official market maker and liquidity manager for the cross-chain solution.

By
Anirudh Tiwari
on
October 6, 2021
Category:
BSC News

CrossSend leaves Users Asking for More

The multi-chain solution provider, HotCross, has now gone live with its CrossSend product that enables the use of multiple blockchains while sending cryptocurrency tokens in a batch/bulk. 

The sender supports multiple blockchain networks, like Ethereum, Binance Smart Chain (BSC), Avalanche, Polygon, Harmony, Huboi ECO Chain (HECO), and KuCoin Community Chain (KCC).

CrossSend’s system architecture has four basic steps:

  • Users can connect to any of the seven blockchain networks offered on CrossConnect.
  • Manual input or a CSV file of blockchain addressed is then entered in the respective fields / uploaded, along with the number of tokens needed to be sent.
  • A series of automated checks are conducted wherein the dApp avoids multiple errors before sending tokens to multiple addresses.
  • Users then need to sign a single transaction, after which CrossSend can execute the batch transfer to the list of addresses uploaded/provided.
Source: How Cross Send Works on the Smart Contract Layer
“A fee structure based on cost per recipient is a fairly simple one to understand. Cross Send also has the ability to set a minimum and maximum cap on transfer fees such that both the tool itself is sustainable and users are able to enjoy batch transfers without the enormous costs proposed by competitors.” mentioned in the official announcement for CrossSend on the project’s website.

However, users still ask for more despite the multichain and cross-chain suite, including access to various popular blockchain networks. 

“Is that possible to send to all chains at the same time? Let’s say I wanna send one to ETH, BSC, ADA in just one click,” the project’s official Twitter account received an enthusiastic question from the Twitter user, The Wolf of Nash Street. 

Due to the unrealistic query, the official Twitter account responded with a polite reference to the wishful nature of the question and subsequently mentioned that even though it’s not possible, it does seem like a good idea.

About Hot Cross

Hot Cross is a product tool suite that uses multi-chain and cross-chain abilities to help blockchain projects and their associated communities thrive with the ability to access multiple prominent blockchain networks like Ethereum, BSC, Avalanche, Polygon, and Harmony, amongst others. Essentially, it is a company and an ecosystem that offers its technologies to help various blockchain communities flourish.

For more information about the project:

Website | Twitter | Discord | Reddit | Linktree | Github | Telegram | Chat |

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Anirudh Tiwari

Anirudh is a cryptocurrency analyst and writer who specializes in derivatives, DeFi, regulations and CBDCs. He has a Master’s degree in Finance. Before delving into crypto, he worked with a leading U.S. based investment bank. Apart from work, he is a music connoisseur and likes to play the drums. His largest holdings in crypto are Ethereum, Cardano, and Polkadot.

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