The Long-Awaited Dvision & Binance Smart Chain Bridge Finally Goes Live!

Dvision announced that they will enable direct access to the BEP-20 DVI tokens through a liquidity pool powered through the PancakeSwap.

Wilfred Victor
May 22, 2021

Introducing Dvision

The Dvision’s entrance to the BSC ecosystem has been warmly welcomed by the Binance Smart Chain entity. The DVI cross-chain (ETH <-> BSC) bridge built in cooperation with Curvegrid will be a crucial enhancement for the Dvision Network; it will enable the DVI holders to seamlessly bridge their ERC-20 based DVI tokens over to the Binance Smart Chain’s BEP-20 based DVI token. The team has announced that the listing details on the PancakeSwap will be disclosed later and won’t be carried out right away due to the extreme fluctuations in the market. 

Binance Smart Chain

Dvision has previously disclosed their primary reasons why they have decided to partially migrate to the Binance Smart Chain. They have mentioned that it is correlated with their vision and belief that BSC ecosystem that unlocks the next generation of Dapps. BSC is a highly scalable blockchain that supports smart contracts and Ethereum Virtual Machine programmability, featuring high TPS (transactions per second), resulting in fast decentralized trading with low fees. 

The Looking Glass Bridge (Cross-Chain)

Dvision Network’s ETH ←→ BSC Cross-Chain bridge is powered by the Looking Glass tool, which is built on top of the MultiBaas. According to their disclosure, at the first stage, the bridge will be exploited internally by the authorized relayers in order to move over the X amount of ERC-20 based DVI from Ethereum Mainnet to BEP-20 based DVI on the Binance Smart Chain. The team has announced that the bridge is currently in full operating condition and is being reviewed for security checks. It’s planned to be later opened for wider access in early June.

The BEP-20 DVI Token

Although the bridge will be internally exploited, it does not change the ultimate purpose of the bridge’s manifest. The Dvision will allow the usage and purchase of the BEP-20 DVI tokens through the separate DEX listings, by creating and providing a liquidity pool in the PancakeSwap. It’s been mentioned that the Dvision will release a separate announcement regarding the listing details. They said in their announcement: 

“The listing details on the PancakeSwap will be disclosed later and it should be noted that it won’t be carried out right away due to the extreme fluctuations in the market”. 

It should be noted, that although the bridge is not going to be opened up for the wider public, it makes more sense to purchase the BEP-20 based DVI token directly from the liquidity pool without incurring high gas fees during the transfer through the bridge. For instance, anyone who wishes to hold the BEP-20 based DVI tokens shall better acquire them directly from the PancakeSwap, rather than purchasing DVIs from the Ethereum-based DEXs, incurring $50–60 gas fees and also paying the gas fees additionally while swapping the ERC-20 based DVI to BEP-20 based DVI token. 

UI page of their bridge 

About Dvision Network

Dvision Network is a blockchain-based NFT Metaverse content ecosystem. To be precise, Dvision has 3 important platform pillars. These pillars are first, the NFT marketplace (NFT Market), where users can create and trade NFTs. Second is the Tailored Virtual Reality (Meta-Space), where users can customize and acquire the virtual space. Last, is the Collection of Meta-Spaces (Meta-City), a public VR world, where users can enjoy the metaverse with other users. 

Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.

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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

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