Breakthrough Press Release Archive

Source: Bitcoinprbuzz.com

Press Release: Altcoinist is developing an on-chain subscription tool as a monetization solution for creator economies.

4 July, 2023, Dubai, UAE — Altcoinist, an on-chain gateway giving creators a new way to monetize and grow private communities, has successfully completed its pre-seed and initial seed round of financing, raising over $1.5M. Their Seed A round is led by EnigmaFund, a prominent venture capital firm known for its investments in web3 startups including SuperChain, Movement Labs, ATOR, Ready Games, Entangle Protocol, ZeroLend, and more.

On-Chain Solution For Creator Economies
Altcoinist aims to solve the broken monetization issue of the creator economy by introducing a seamless tool for creators to earn through forming private communities. Their solution leverages on-chain subscriptions for creators ensuring stable revenue streams while also facilitating automated revenue sharing between the creator and their community. This novel approach merges the proven monetization model of recurring payments with web3, while creators can enjoy increased earnings and retention within their community. 

‍

Silur, Lead Developer at Altcoinist, emphasized the potential of Altcoinist: 

‍

“Altcoinist is an interoperable tool creators can use to monetize that also acts as an engine fueling further growth, benefiting both the creator and their community, all powered by smart contract”

‍

Backed By Experience

The core team at Altcoinist includes Christian Andsberg, Mate Tokay, Silur (Abraham Endre) and Konstantin Sebeo. Serial founders with impressive backgrounds in the web3 space. Mate founded Bitcoinist.com and co-founded Bitcoin.com, while Silur, a Forbes 30 under 30 honoree and Ethereum core developer, has delivered contributions to over 50 projects including Monero and Casper Labs. Their extensive experience includes building platforms that have onboarded over 40 million users to Web3.

Konstantin, Head of Research and Creator, stated:

‍

“We’ve built a unique product empowering creators to set up their first business (a private community) in under a minute and start making on-chain recurring income. With us, everyone finally gets a fair chance at making a significant and sustainable living from value-based content”

‍

Strong Early Interest

Altcoinist has already attracted dozens of creators supporting the project and garnered over 55 million organic impressions on Twitter/X this year. EnigmaFund’s involvement in Altcoinist’s Seed A round is a significant endorsement of their vision and potential. The fund is renowned for backing and advising projects that push the boundaries of blockchain technology: 

‍

“Our investment and partnership will enable Altcoinist to accelerate its development and bring its innovative solutions to a wider audience”

In addition to EnigmaFund, Altcoinist has seen participation from other notable firms including AlphaCrypto Capital, Explore Capital, Crypto Society, MoonbootsDAO, and Excelsior.

Altcoinist is also supported by a distinguished group of backers and advisors, including Theodore Agranat (Advisor of Gunzilla Games, Movement Labs, Gaimin), Rich Robinson (Entrepreneur in Residence at Animoca Brands), Thomas McLeod (5x founder with exits to Coinbase, SurrealCMS, and Tencent), Aleksander Rendtslev (4x founder with ventures backed by a16z and General Catalyst), Austin Seiberlich (Advisor of Entangle, Superchain, Ready Games, ZeroLend), and Coco (Founder of TOSHI).

‍

Altcoinist’s CEO, Christian Andsberg, expressed excitement about the partnership with EnigmaFund, stating: 

‍

“We are thrilled to have EnigmaFund lead our round and join our advisory board. Their expertise and support will be invaluable as we’re paving the way for a more evolved creator economy.”

‍

Future Outlook & Seed B Round 

Having designed a platform that enhances user value and ecosystem value as it scales, Altcoinist is poised to become a key player in the creator economy as they grow. Their unique focus on simple user deployment while abstracting the complexity of smart contracts sets them apart as a leader in the rapidly evolving space of web3. Altcoinist is now raising a follow-on Seed B round to aid their go-to-market efforts. The platform is built on Base chain, ensuring a robust and scalable EVM  infrastructure.

‍

For more information about Altcoinist and its upcoming developments, follow them on x.com.

‍

Media Contact

Contact Name: Christian Andsberg

Contact Email: info@altcoinist.com 

‍

Altcoinist is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

Source: Bitcoinprbuzz.com

Press Release: Altcoinist is developing an on-chain subscription tool as a monetization solution for creator economies.

4 July, 2023, Dubai, UAE — Altcoinist, an on-chain gateway giving creators a new way to monetize and grow private communities, has successfully completed its pre-seed and initial seed round of financing, raising over $1.5M. Their Seed A round is led by EnigmaFund, a prominent venture capital firm known for its investments in web3 startups including SuperChain, Movement Labs, ATOR, Ready Games, Entangle Protocol, ZeroLend, and more.

On-Chain Solution For Creator Economies
Altcoinist aims to solve the broken monetization issue of the creator economy by introducing a seamless tool for creators to earn through forming private communities. Their solution leverages on-chain subscriptions for creators ensuring stable revenue streams while also facilitating automated revenue sharing between the creator and their community. This novel approach merges the proven monetization model of recurring payments with web3, while creators can enjoy increased earnings and retention within their community. 

‍

Silur, Lead Developer at Altcoinist, emphasized the potential of Altcoinist: 

‍

“Altcoinist is an interoperable tool creators can use to monetize that also acts as an engine fueling further growth, benefiting both the creator and their community, all powered by smart contract”

‍

Backed By Experience

The core team at Altcoinist includes Christian Andsberg, Mate Tokay, Silur (Abraham Endre) and Konstantin Sebeo. Serial founders with impressive backgrounds in the web3 space. Mate founded Bitcoinist.com and co-founded Bitcoin.com, while Silur, a Forbes 30 under 30 honoree and Ethereum core developer, has delivered contributions to over 50 projects including Monero and Casper Labs. Their extensive experience includes building platforms that have onboarded over 40 million users to Web3.

Konstantin, Head of Research and Creator, stated:

‍

“We’ve built a unique product empowering creators to set up their first business (a private community) in under a minute and start making on-chain recurring income. With us, everyone finally gets a fair chance at making a significant and sustainable living from value-based content”

‍

Strong Early Interest

Altcoinist has already attracted dozens of creators supporting the project and garnered over 55 million organic impressions on Twitter/X this year. EnigmaFund’s involvement in Altcoinist’s Seed A round is a significant endorsement of their vision and potential. The fund is renowned for backing and advising projects that push the boundaries of blockchain technology: 

‍

“Our investment and partnership will enable Altcoinist to accelerate its development and bring its innovative solutions to a wider audience”

In addition to EnigmaFund, Altcoinist has seen participation from other notable firms including AlphaCrypto Capital, Explore Capital, Crypto Society, MoonbootsDAO, and Excelsior.

Altcoinist is also supported by a distinguished group of backers and advisors, including Theodore Agranat (Advisor of Gunzilla Games, Movement Labs, Gaimin), Rich Robinson (Entrepreneur in Residence at Animoca Brands), Thomas McLeod (5x founder with exits to Coinbase, SurrealCMS, and Tencent), Aleksander Rendtslev (4x founder with ventures backed by a16z and General Catalyst), Austin Seiberlich (Advisor of Entangle, Superchain, Ready Games, ZeroLend), and Coco (Founder of TOSHI).

‍

Altcoinist’s CEO, Christian Andsberg, expressed excitement about the partnership with EnigmaFund, stating: 

‍

“We are thrilled to have EnigmaFund lead our round and join our advisory board. Their expertise and support will be invaluable as we’re paving the way for a more evolved creator economy.”

‍

Future Outlook & Seed B Round 

Having designed a platform that enhances user value and ecosystem value as it scales, Altcoinist is poised to become a key player in the creator economy as they grow. Their unique focus on simple user deployment while abstracting the complexity of smart contracts sets them apart as a leader in the rapidly evolving space of web3. Altcoinist is now raising a follow-on Seed B round to aid their go-to-market efforts. The platform is built on Base chain, ensuring a robust and scalable EVM  infrastructure.

‍

For more information about Altcoinist and its upcoming developments, follow them on x.com.

‍

Media Contact

Contact Name: Christian Andsberg

Contact Email: info@altcoinist.com 

‍

Altcoinist is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

Source: thinkbitcoins

Press Release: Mercante Technologies to launch automated B2B solution backed by AI-powered tools and competitive pricing. 

27 September 2023, London, UK — The team at Mercante Technologies are currently deep into the development phase of its groundbreaking AI-powered customer support solution. By leveraging cutting-edge technologies and AI algorithms, Mercante is crafting a platform designed to redefine the paradigms of business communications. 

Mercante is in the final stages of refining all aspects of the solution to ensure peak performance and user-friendly interactions upon release. The Minimum Viable Product (MVP) is expected to launch in Q4, 2023, and will provide businesses with a transformative tool to greatly elevate their customer support experience. 

Solutions, Tools, and Benefits

The Mercante platform will offer a broad range of automated solutions and tools that will benefit online businesses, including: 

• Email Broadcast and Response Service: This tool can answer questions and respond to inquiries about business products instantly, converting potential leads into customers.

• AI-backed Customer Service Experience: With Mercante’s AI, businesses can ensure swift, precise, and tailored interactions, mirroring the depth and nuance of human interactions. 

• Seamless Integration: Transcending traditional email outreach, Mercante integrates with modern platforms, offering features like embedded online chats, Telegram compatibility, and more to come. 

• Live AI chatbot: This tool converts website visitors into leads and paying customers by simplifying their cognitive workload.

• Marketing Campaign Analytics: Mercante can also manage more complicated needs such as email marketing campaigns and help track important statistical insights from the site’s intuitive dashboard.

All these solutions are designed to maximize the user’s conversion rate. Mercante isn’t solely about communication, it’s a tool for growth. By elevating user interactions, businesses can witness a surge in conversion rates, seamlessly transforming leads into dedicated customers, and never miss a message again.

Viktor Rozenko, Head of Product at Mercante Technologies stated:

“We want users to be able to focus solely on running their businesses, while we handle the correspondence. The launch of our AI-backed solution is an open invitation for businesses globally to focus on their primary vision, leaving the complexities of customer interaction to our team of trusted experts.”

Competitive Cost Structure

Pricing transparency is a hallmark of Mercante’s ethos, and businesses will be guaranteed a highly competitive value. For comprehensive details and potential updates on the pricing structure, interested parties can visit this page.

Affiliate Marketing Campaign

In addition to its primary offerings, Mercante is thrilled to launch its affiliate marketing campaign. Champions of the brand can earn a rewarding 8% commission for each successful deal that they broker.

Anyone interested in learning more about Mercante’s business solutions can send an email to business@mercante.ai or visit their official website.

Media Contact Details

Contact Name: Melissa Rae

Contact Email: sales@mercante.ai

Mercante Technologies is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Press Release: Mercante Technologies to launch automated B2B solution backed by AI-powered tools and competitive pricing. 

27 September 2023, London, UK — The team at Mercante Technologies are currently deep into the development phase of its groundbreaking AI-powered customer support solution. By leveraging cutting-edge technologies and AI algorithms, Mercante is crafting a platform designed to redefine the paradigms of business communications. 

Mercante is in the final stages of refining all aspects of the solution to ensure peak performance and user-friendly interactions upon release. The Minimum Viable Product (MVP) is expected to launch in Q4, 2023, and will provide businesses with a transformative tool to greatly elevate their customer support experience. 

Solutions, Tools, and Benefits

The Mercante platform will offer a broad range of automated solutions and tools that will benefit online businesses, including: 

• Email Broadcast and Response Service: This tool can answer questions and respond to inquiries about business products instantly, converting potential leads into customers.

• AI-backed Customer Service Experience: With Mercante’s AI, businesses can ensure swift, precise, and tailored interactions, mirroring the depth and nuance of human interactions. 

• Seamless Integration: Transcending traditional email outreach, Mercante integrates with modern platforms, offering features like embedded online chats, Telegram compatibility, and more to come. 

• Live AI chatbot: This tool converts website visitors into leads and paying customers by simplifying their cognitive workload.

• Marketing Campaign Analytics: Mercante can also manage more complicated needs such as email marketing campaigns and help track important statistical insights from the site’s intuitive dashboard.

All these solutions are designed to maximize the user’s conversion rate. Mercante isn’t solely about communication, it’s a tool for growth. By elevating user interactions, businesses can witness a surge in conversion rates, seamlessly transforming leads into dedicated customers, and never miss a message again.

Viktor Rozenko, Head of Product at Mercante Technologies stated:

“We want users to be able to focus solely on running their businesses, while we handle the correspondence. The launch of our AI-backed solution is an open invitation for businesses globally to focus on their primary vision, leaving the complexities of customer interaction to our team of trusted experts.”

Competitive Cost Structure

Pricing transparency is a hallmark of Mercante’s ethos, and businesses will be guaranteed a highly competitive value. For comprehensive details and potential updates on the pricing structure, interested parties can visit this page.

Affiliate Marketing Campaign

In addition to its primary offerings, Mercante is thrilled to launch its affiliate marketing campaign. Champions of the brand can earn a rewarding 8% commission for each successful deal that they broker.

Anyone interested in learning more about Mercante’s business solutions can send an email to business@mercante.ai or visit their official website.

Media Contact Details

Contact Name: Melissa Rae

Contact Email: sales@mercante.ai

Mercante Technologies is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

The post Mercante Technologies to Launch AI-Powered Customer Support Platform appeared first on Bitcoin PR Buzz.

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Source: BPRB Feed

Press Release: Abelius Capital AG to launch ‘SURF Reward’, an internet  browser extension that monetizes advertisements into cryptocurrency. 

 

February 16, 2023, Dusseldorf, Germany — German company Abelius Capital AG has announced the launch of its Surf2earn internet web browser extension, SURF Reward. The extension will enable users to view selected advertisements in exchange for SURF tokens. The company has also announced an IDO for the SURF token, which will run on Binance Smart Chain (BSC). 

 

The Problem with Ads 

The Internet advertising industry is worth hundreds of billions of dollars, but almost none of those profits go to the people who are consuming the ads. As a bi-product of this issue, internet users frequently turn to tools like AdBlockers to hide ads, resulting in companies not reaching their potential customers, and users sometimes being restricted in accessing various sites. 

 

What is SURF Reward?

SURF Reward offers a solution to this problem with its ‘Surf2Earn’ extension, which is compatible with all major web browsers. The extension removes the majority of the advertising that the user would ordinarily be forced to view, replacing them with much fewer, select ads, controlled by SURF Reward. 

 

Armin Heinrichs, Founder of SURF Reward, stated: 

 

“Companies make millions of dollars when internet users are forced to watch unwanted advertisements. SURF Rewards enables its users to remove the majority of advertisements and earn crypto rewards with our revolutionary Surf2Earn-enabled, web browser extension.”

 

By exchanging individual advertising spaces with its own advertising partners, SURF Reward is able to take profits from the webmasters and give them directly to their users, in the form of SURF tokens. This short explanatory YouTube video explains in detail the idea and functionality of the SURF Reward browser extension. 

 

Surf2Earn

The Surf2Earn concept distributes the advertising revenue intelligently, so not only the user is rewarded, but also the liquidity and the associated value increases steadily through use. The SURF token will run on Binance Smart Chain, (BSC) and will be a reward and payment method for all users. 

 

SURF Tokenomics 

Token Symbol: SURF

Name: SURF Reward

Platform: BEP-20 / Binance Smart Chain (BSC)

Total Supply: 1,000,000,000 SURF

PreSale Supply: 200,000,000

Presale Softcap: $1,500,000

Presale Hardcap: $5,000,000

Presale Price: $0.03 USD

Listing Price: $0.05 USD

Contract Address: 0x21141Bbe528627933A32FFF65EB695EBe20C1d1f 

 

Follow the channels of SURF Reward to stay up to date with the latest news. SURF Reward is already offering a demo version, proving its vision and functionality while preparing for its mainnet launch.

 

SURF Reward Socials

Twitter | Telegram | YouTube

 

Media Contact Details

Contact Name: David Wojdas

Contact Email:  info@surfreward.io

 

Abelius Capital AG is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

Press Release: Abelius Capital AG to launch ‘SURF Reward’, an internet  browser extension that monetizes advertisements into cryptocurrency. 

 

February 16, 2023, Dusseldorf, Germany — German company Abelius Capital AG has announced the launch of its Surf2earn internet web browser extension, SURF Reward. The extension will enable users to view selected advertisements in exchange for SURF tokens. The company has also announced an IDO for the SURF token, which will run on Binance Smart Chain (BSC). 

 

The Problem with Ads 

The Internet advertising industry is worth hundreds of billions of dollars, but almost none of those profits go to the people who are consuming the ads. As a bi-product of this issue, internet users frequently turn to tools like AdBlockers to hide ads, resulting in companies not reaching their potential customers, and users sometimes being restricted in accessing various sites. 

 

What is SURF Reward?

SURF Reward offers a solution to this problem with its ‘Surf2Earn’ extension, which is compatible with all major web browsers. The extension removes the majority of the advertising that the user would ordinarily be forced to view, replacing them with much fewer, select ads, controlled by SURF Reward. 

 

Armin Heinrichs, Founder of SURF Reward, stated: 

 

“Companies make millions of dollars when internet users are forced to watch unwanted advertisements. SURF Rewards enables its users to remove the majority of advertisements and earn crypto rewards with our revolutionary Surf2Earn-enabled, web browser extension.”

 

By exchanging individual advertising spaces with its own advertising partners, SURF Reward is able to take profits from the webmasters and give them directly to their users, in the form of SURF tokens. This short explanatory YouTube video explains in detail the idea and functionality of the SURF Reward browser extension. 

 

Surf2Earn

The Surf2Earn concept distributes the advertising revenue intelligently, so not only the user is rewarded, but also the liquidity and the associated value increases steadily through use. The SURF token will run on Binance Smart Chain, (BSC) and will be a reward and payment method for all users. 

 

SURF Tokenomics 

Token Symbol: SURF

Name: SURF Reward

Platform: BEP-20 / Binance Smart Chain (BSC)

Total Supply: 1,000,000,000 SURF

PreSale Supply: 200,000,000

Presale Softcap: $1,500,000

Presale Hardcap: $5,000,000

Presale Price: $0.03 USD

Listing Price: $0.05 USD

Contract Address: 0x21141Bbe528627933A32FFF65EB695EBe20C1d1f 

 

Follow the channels of SURF Reward to stay up to date with the latest news. SURF Reward is already offering a demo version, proving its vision and functionality while preparing for its mainnet launch.

 

SURF Reward Socials

Twitter | Telegram | YouTube

 

Media Contact Details

Contact Name: David Wojdas

Contact Email:  info@surfreward.io

 

Abelius Capital AG is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

Source: thinkbitcoins

Press Release: Abelius Capital AG to launch ‘SURF Reward’, an internet  browser extension that monetizes advertisements into cryptocurrency. 

 

February 16, 2023, Dusseldorf, Germany — German company Abelius Capital AG has announced the launch of its Surf2earn internet web browser extension, SURF Reward. The extension will enable users to view selected advertisements in exchange for SURF tokens. The company has also announced an IDO for the SURF token, which will run on Binance Smart Chain (BSC). 

 

The Problem with Ads 

The Internet advertising industry is worth hundreds of billions of dollars, but almost none of those profits go to the people who are consuming the ads. As a bi-product of this issue, internet users frequently turn to tools like AdBlockers to hide ads, resulting in companies not reaching their potential customers, and users sometimes being restricted in accessing various sites. 

 

What is SURF Reward?

SURF Reward offers a solution to this problem with its ‘Surf2Earn’ extension, which is compatible with all major web browsers. The extension removes the majority of the advertising that the user would ordinarily be forced to view, replacing them with much fewer, select ads, controlled by SURF Reward. 

 

Armin Heinrichs, Founder of SURF Reward, stated: 

 

“Companies make millions of dollars when internet users are forced to watch unwanted advertisements. SURF Rewards enables its users to remove the majority of advertisements and earn crypto rewards with our revolutionary Surf2Earn-enabled, web browser extension.”

 

By exchanging individual advertising spaces with its own advertising partners, SURF Reward is able to take profits from the webmasters and give them directly to their users, in the form of SURF tokens. This short explanatory YouTube video explains in detail the idea and functionality of the SURF Reward browser extension. 

 

Surf2Earn

The Surf2Earn concept distributes the advertising revenue intelligently, so not only the user is rewarded, but also the liquidity and the associated value increases steadily through use. The SURF token will run on Binance Smart Chain, (BSC) and will be a reward and payment method for all users. 

 

SURF Tokenomics 

Token Symbol: SURF

Name: SURF Reward

Platform: BEP-20 / Binance Smart Chain (BSC)

Total Supply: 1,000,000,000 SURF

PreSale Supply: 200,000,000

Presale Softcap: $1,500,000

Presale Hardcap: $5,000,000

Presale Price: $0.03 USD

Listing Price: $0.05 USD

Contract Address: 0x21141Bbe528627933A32FFF65EB695EBe20C1d1f 

 

Follow the channels of SURF Reward to stay up to date with the latest news. SURF Reward is already offering a demo version, proving its vision and functionality while preparing for its mainnet launch.

 

SURF Reward Socials

Twitter | Telegram | YouTube

 

Media Contact Details

Contact Name: David Wojdas

Contact Email:  info@surfreward.io

 

Abelius Capital AG is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest

The post SURF Reward Launches Browser Extension with Cryptocurrency Rewards & IDO Presale appeared first on Bitcoin PR Buzz.

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Press Release: Wanchain launches the cross-chain XFlows bridge update, bringing native-to-native USDT cross-chain transfers for Ethereum, BNB, and many other top coins. 

 

28th September 2022, London – Wanchain has announced its new ‘XFlows’ cross-chain bridge upgrade which will revolutionize trading of the world’s number one stablecoin, USDT, against many other widely used tokens. This new upgrade brings native-to-native USDT cross-chain transfers for Ethereum, BNB Chain, OKC, Polygon, Arbitrum, and more to be announced soon. 

 

What are USDT XFlows? 

USDT is minted natively on more than a dozen blockchains. Until now, the easiest way to move USDT between these chains has been to use centralized exchanges. Users can now use Wanchain’s industry-best cross-chain bridges to execute decentralized, non-custodial native-to-native USDT cross-chain transfers between Ethereum, BNB Chain, OKC, Polygon, and Arbitrum – colloquially referred to as XFlows. USDT XFlows are native-to-native USDT cross-chain transfers between blockchains where USDT is natively minted by Tether.  

 

What Happens to Pre-Existing USDT Bridges?

Wanchain previously developed Direct Bridges, a method that uses a ‘lock-mint-burn-unlock’ method in which native tokens (like USDT) on the source chain would be locked before a mirrored copy, or wrapped token, is minted on the destination chain. To unlock the original token, the wrapped token is then subsequently burned.

 

Powered by Wanchain’s cross-chain bridges, XFlows offers a seamless experience that exists in concert with these pre-existing bridges. When bridging USDT to another network, users will automatically receive native USDT if native USDT exists on the destination chain. However, if USDT does not exist on the destination chain, users will receive wrapped USDT. 

 

The Mechanics of XFlows

When bridging an asset that is minted natively on both the source and destination chains, a lock-mint-burn-unlock mechanism is not a viable option as users will undoubtedly want to receive the native asset, rather than a wrapped version. 

 

With this new solution, when someone bridges their USDT from Ethereum to Polygon, their USDT is first added to a native liquidity pool on Ethereum before the same number of USDT is removed from the pool on Polygon. 

 

Wanchain bridge nodes balance pools of native USDT on Ethereum, BSC, OKC, Polygon & Arbitrum to enable native USDT cross-chain transfers; all without sacrificing security and decentralization. USDT XFlows are executed using the same secure multi-party computation (sMPC) architecture that distinguishes Wanchain’s interoperability solutions.

  

Who Provides the USDT liquidity?

With these new native USDT cross-chain transfers, Wanchain is introducing a new method of liquidity provision that avoids the trappings of centralized liquidity and incentivized liquidity alternatives. 

 

The USDT liquidity that powers Wanchain’s USDT XFlows is provided by users who bridge their USDT to another network using the lock-mint-burn-unlock mechanism. The USDT that is locked on a source chain, before wrapped USDT is minted on a destination chain, doubles as the liquidity powering native-to-native USDT cross-chain transfers.

 

The combination of the lock-mint-burn-unlock and liquidity pool methods is a major innovation in the field of cross-chain technology. The number of wrapped USDT in circulation is always equivalent to the total native USDT locked in liquidity pools across all chains. 

 

As more wrapped USDT is minted, regardless of the network, more native USDT is added to the liquidity pools. These new USDT XFlows are both owned and powered by the users giving them more control over their money, and the network. 

 

Current & Upcoming Bridges 

USDT XFlows are currently supported by direct bridges connecting Arbitrum, BNB Chain, CLV P-Chain, Ethereum, Moonriver, OKC, Polygon, Wanchain, and XDC Network. In the future, Wachain’s USDT XFlows will support native USDT on Avalanche C-Chain and Tron. Additionally, Wanchain is working towards launching XFlows for the second biggest stablecoin, USDC, which would give users coverage for almost all of the stablecoin market. 

 

Media Contact

Contact Name: Temujin Louie

Contact Email: info@wanchain.org 

 

Wanchain Socials

Twitter | Telegram | Medium  

 

Wanchain is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

The post Wanchain Launches Cross-chain USDT XFlows with Bridge Upgrade appeared first on Bitcoin PR Buzz.

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Press Release: Wanchain launches the cross-chain XFlows bridge update, bringing native-to-native USDT cross-chain transfers for Ethereum, BNB, and many other top coins. 

 

28th September 2022, London – Wanchain has announced its new ‘XFlows’ cross-chain bridge upgrade which will revolutionize trading of the world’s number one stablecoin, USDT, against many other widely used tokens. This new upgrade brings native-to-native USDT cross-chain transfers for Ethereum, BNB Chain, OKC, Polygon, Arbitrum, and more to be announced soon. 

 

What are USDT XFlows? 

USDT is minted natively on more than a dozen blockchains. Until now, the easiest way to move USDT between these chains has been to use centralized exchanges. Users can now use Wanchain’s industry-best cross-chain bridges to execute decentralized, non-custodial native-to-native USDT cross-chain transfers between Ethereum, BNB Chain, OKC, Polygon, and Arbitrum – colloquially referred to as XFlows. USDT XFlows are native-to-native USDT cross-chain transfers between blockchains where USDT is natively minted by Tether.  

 

What Happens to Pre-Existing USDT Bridges?

Wanchain previously developed Direct Bridges, a method that uses a ‘lock-mint-burn-unlock’ method in which native tokens (like USDT) on the source chain would be locked before a mirrored copy, or wrapped token, is minted on the destination chain. To unlock the original token, the wrapped token is then subsequently burned.

 

Powered by Wanchain’s cross-chain bridges, XFlows offers a seamless experience that exists in concert with these pre-existing bridges. When bridging USDT to another network, users will automatically receive native USDT if native USDT exists on the destination chain. However, if USDT does not exist on the destination chain, users will receive wrapped USDT. 

 

The Mechanics of XFlows

When bridging an asset that is minted natively on both the source and destination chains, a lock-mint-burn-unlock mechanism is not a viable option as users will undoubtedly want to receive the native asset, rather than a wrapped version. 

 

With this new solution, when someone bridges their USDT from Ethereum to Polygon, their USDT is first added to a native liquidity pool on Ethereum before the same number of USDT is removed from the pool on Polygon. 

 

Wanchain bridge nodes balance pools of native USDT on Ethereum, BSC, OKC, Polygon & Arbitrum to enable native USDT cross-chain transfers; all without sacrificing security and decentralization. USDT XFlows are executed using the same secure multi-party computation (sMPC) architecture that distinguishes Wanchain’s interoperability solutions.

  

Who Provides the USDT liquidity?

With these new native USDT cross-chain transfers, Wanchain is introducing a new method of liquidity provision that avoids the trappings of centralized liquidity and incentivized liquidity alternatives. 

 

The USDT liquidity that powers Wanchain’s USDT XFlows is provided by users who bridge their USDT to another network using the lock-mint-burn-unlock mechanism. The USDT that is locked on a source chain, before wrapped USDT is minted on a destination chain, doubles as the liquidity powering native-to-native USDT cross-chain transfers.

 

The combination of the lock-mint-burn-unlock and liquidity pool methods is a major innovation in the field of cross-chain technology. The number of wrapped USDT in circulation is always equivalent to the total native USDT locked in liquidity pools across all chains. 

 

As more wrapped USDT is minted, regardless of the network, more native USDT is added to the liquidity pools. These new USDT XFlows are both owned and powered by the users giving them more control over their money, and the network. 

 

Current & Upcoming Bridges 

USDT XFlows are currently supported by direct bridges connecting Arbitrum, BNB Chain, CLV P-Chain, Ethereum, Moonriver, OKC, Polygon, Wanchain, and XDC Network. In the future, Wachain’s USDT XFlows will support native USDT on Avalanche C-Chain and Tron. Additionally, Wanchain is working towards launching XFlows for the second biggest stablecoin, USDC, which would give users coverage for almost all of the stablecoin market. 

 

Media Contact

Contact Name: Temujin Louie

Contact Email: info@wanchain.org 

 

Wanchain Socials

Twitter | Telegram | Medium  

 

Wanchain is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

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Press Release: Wanchain launches the cross-chain XFlows bridge update, bringing native-to-native USDT cross-chain transfers for Ethereum, BNB, and many other top coins. 

 

28th September 2022, London – Wanchain has announced its new ‘XFlows’ cross-chain bridge upgrade which will revolutionize trading of the world’s number one stablecoin, USDT, against many other widely used tokens. This new upgrade brings native-to-native USDT cross-chain transfers for Ethereum, BNB Chain, OKC, Polygon, Arbitrum, and more to be announced soon. 

 

What are USDT XFlows? 

USDT is minted natively on more than a dozen blockchains. Until now, the easiest way to move USDT between these chains has been to use centralized exchanges. Users can now use Wanchain’s industry-best cross-chain bridges to execute decentralized, non-custodial native-to-native USDT cross-chain transfers between Ethereum, BNB Chain, OKC, Polygon, and Arbitrum – colloquially referred to as XFlows. USDT XFlows are native-to-native USDT cross-chain transfers between blockchains where USDT is natively minted by Tether.  

 

What Happens to Pre-Existing USDT Bridges?

Wanchain previously developed Direct Bridges, a method that uses a ‘lock-mint-burn-unlock’ method in which native tokens (like USDT) on the source chain would be locked before a mirrored copy, or wrapped token, is minted on the destination chain. To unlock the original token, the wrapped token is then subsequently burned.

 

Powered by Wanchain’s cross-chain bridges, XFlows offers a seamless experience that exists in concert with these pre-existing bridges. When bridging USDT to another network, users will automatically receive native USDT if native USDT exists on the destination chain. However, if USDT does not exist on the destination chain, users will receive wrapped USDT. 

 

The Mechanics of XFlows

When bridging an asset that is minted natively on both the source and destination chains, a lock-mint-burn-unlock mechanism is not a viable option as users will undoubtedly want to receive the native asset, rather than a wrapped version. 

 

With this new solution, when someone bridges their USDT from Ethereum to Polygon, their USDT is first added to a native liquidity pool on Ethereum before the same number of USDT is removed from the pool on Polygon. 

 

Wanchain bridge nodes balance pools of native USDT on Ethereum, BSC, OKC, Polygon & Arbitrum to enable native USDT cross-chain transfers; all without sacrificing security and decentralization. USDT XFlows are executed using the same secure multi-party computation (sMPC) architecture that distinguishes Wanchain’s interoperability solutions.

  

Who Provides the USDT liquidity?

With these new native USDT cross-chain transfers, Wanchain is introducing a new method of liquidity provision that avoids the trappings of centralized liquidity and incentivized liquidity alternatives. 

 

The USDT liquidity that powers Wanchain’s USDT XFlows is provided by users who bridge their USDT to another network using the lock-mint-burn-unlock mechanism. The USDT that is locked on a source chain, before wrapped USDT is minted on a destination chain, doubles as the liquidity powering native-to-native USDT cross-chain transfers.

 

The combination of the lock-mint-burn-unlock and liquidity pool methods is a major innovation in the field of cross-chain technology. The number of wrapped USDT in circulation is always equivalent to the total native USDT locked in liquidity pools across all chains. 

 

As more wrapped USDT is minted, regardless of the network, more native USDT is added to the liquidity pools. These new USDT XFlows are both owned and powered by the users giving them more control over their money, and the network. 

 

Current & Upcoming Bridges 

USDT XFlows are currently supported by direct bridges connecting Arbitrum, BNB Chain, CLV P-Chain, Ethereum, Moonriver, OKC, Polygon, Wanchain, and XDC Network. In the future, Wachain’s USDT XFlows will support native USDT on Avalanche C-Chain and Tron. Additionally, Wanchain is working towards launching XFlows for the second biggest stablecoin, USDC, which would give users coverage for almost all of the stablecoin market. 

 

Media Contact

Contact Name: Temujin Louie

Contact Email: info@wanchain.org 

 

Wanchain Socials

Twitter | Telegram | Medium  

 

Wanchain is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

The post Wanchain Launches Cross-chain USDT XFlows with Bridge Upgrade appeared first on Bitcoin PR Buzz.

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Source: thinkbitcoins