cross-chain Archive

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: 3air launched its BSC token On Mexc Exchange on September 22nd and is using NFTs for broadband connectivity through its cross-chain platform

28th September, Dubai, UAE – Bitcoin-based internet connectivity solution 3air has launched its token today on Mexc Global with the ticker $3AIR. The BSC is bridged for cross-chain compatibility, with two chains already live on its platform. 3air has also launched a marketplace with the goal of a type of NFTs that provides a new form of utility for users across the world as the company continues to help African nations connect to the internet.  

What Is 3air?

3air focuses on providing viable broadband coverage and internet connectivity to developing nations using its proprietary broadband internet technology. With the help of one of its new partners, K3 Telecom who is developing the necessary physical infrastructure (mobile internet base stations), 3air is developing the accompanying blockchain-based software to make broadband available to low-connectivity regions. 3air services already are live in Sierra Leone and will expand to the Democratic Republic of Congo, Ethiopia and Nigeria next. 

Limitless Connectivity Through NFTs 

3air has devised an inventive new way to turn NFTs into connective devices. Users will now be able to acquire 3air services through the power of their NFTs. 3air has designed two different types of NFTs, each with its own purpose: Connectivity NFTs, and Device NFTs. 

Device NFTs

Device NFTs identify the user through their hardware, allowing 3air to provide its broadband services to the holder’s devices. The hardware, its serial number, and other unique info will be identified through an image. The device NFT enables users to utilize their connectivity at various locations, so being connected to 3air by a router at home and at work would equate to 2 devices NFTs. 

Connectivity NFTs

Connectivity NFTs relay the exact information about what services are needed to be provided to the Device NFTs. Once users activate the NFT in the 3air marketplace they will choose the type and location of the services that they want. When activated, the NFT will correct its initial intrinsic value from the USD nominated value to the exact service and provider. Once the 3air platform connects to other providers the NFTs will be completely transferable within the ecosystem across all geographic locations & services. 

Cross-chain compatibility on OKC

3air has announced that it will deploy its NFTs marketplace on OKC. The platform will enable users new functionalities such as the ability to mint OKC tokens & distribute NFTs with a focus on cross-chain compatibility. 

3air users can select OKC from their DeFi wallets, and interact with the NFT marketplace to buy, sell, and store their NFTs in the marketplace. This level of flexibility, and the utility of the NFTs will combine to bring broadband internet connectivity to cities in Africa, and be more accessible to a broader range of users. 

3air & K3 Telecom 

Earlier in September 3air and its partner, Swiss-based global telecommunication operator K3 Telecom provided a school in Freetown, Sierra Leone, with free internet connectivity, giving students greater access to educational resources and opportunities.. 

3air Token & Listing

3AIR is the only token integrated into the 3air ecosystem and has a current total supply of 830 million tokens to increase value and liquidity. The 3air token launched on MEXC Global exchange on Thursday 22nd November and Pancakeswap is currently being traded against USDT and BUSD.  

For more information about 3air and its mission to make the internet available to all, visit its website here.

Media Contact

Contact Name: Ruba Aramouny

Contact Email: press@3air.io 

3air Socials

Twitter | Discord | LinkedIn | YouTube | Telegram

3air 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 Cross-chain Platform 3air Launches Token on Mexc Exchange, as it Connects People through NFTs appeared first on Bitcoin PR Buzz.

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Press Release: 3air launched its BSC token On Mexc Exchange on September 22nd and is using NFTs for broadband connectivity through its cross-chain platform

28th September, Dubai, UAE – Bitcoin-based internet connectivity solution 3air has launched its token today on Mexc Global with the ticker $3AIR. The BSC is bridged for cross-chain compatibility, with two chains already live on its platform. 3air has also launched a marketplace with the goal of a type of NFTs that provides a new form of utility for users across the world as the company continues to help African nations connect to the internet.  

What Is 3air?

3air focuses on providing viable broadband coverage and internet connectivity to developing nations using its proprietary broadband internet technology. With the help of one of its new partners, K3 Telecom who is developing the necessary physical infrastructure (mobile internet base stations), 3air is developing the accompanying blockchain-based software to make broadband available to low-connectivity regions. 3air services already are live in Sierra Leone and will expand to the Democratic Republic of Congo, Ethiopia and Nigeria next. 

Limitless Connectivity Through NFTs 

3air has devised an inventive new way to turn NFTs into connective devices. Users will now be able to acquire 3air services through the power of their NFTs. 3air has designed two different types of NFTs, each with its own purpose: Connectivity NFTs, and Device NFTs. 

Device NFTs

Device NFTs identify the user through their hardware, allowing 3air to provide its broadband services to the holder’s devices. The hardware, its serial number, and other unique info will be identified through an image. The device NFT enables users to utilize their connectivity at various locations, so being connected to 3air by a router at home and at work would equate to 2 devices NFTs. 

Connectivity NFTs

Connectivity NFTs relay the exact information about what services are needed to be provided to the Device NFTs. Once users activate the NFT in the 3air marketplace they will choose the type and location of the services that they want. When activated, the NFT will correct its initial intrinsic value from the USD nominated value to the exact service and provider. Once the 3air platform connects to other providers the NFTs will be completely transferable within the ecosystem across all geographic locations & services. 

Cross-chain compatibility on OKC

3air has announced that it will deploy its NFTs marketplace on OKC. The platform will enable users new functionalities such as the ability to mint OKC tokens & distribute NFTs with a focus on cross-chain compatibility. 

3air users can select OKC from their DeFi wallets, and interact with the NFT marketplace to buy, sell, and store their NFTs in the marketplace. This level of flexibility, and the utility of the NFTs will combine to bring broadband internet connectivity to cities in Africa, and be more accessible to a broader range of users. 

3air & K3 Telecom 

Earlier in September 3air and its partner, Swiss-based global telecommunication operator K3 Telecom provided a school in Freetown, Sierra Leone, with free internet connectivity, giving students greater access to educational resources and opportunities.. 

3air Token & Listing

3AIR is the only token integrated into the 3air ecosystem and has a current total supply of 830 million tokens to increase value and liquidity. The 3air token launched on MEXC Global exchange on Thursday 22nd November and Pancakeswap is currently being traded against USDT and BUSD.  

For more information about 3air and its mission to make the internet available to all, visit its website here.

Media Contact

Contact Name: Ruba Aramouny

Contact Email: press@3air.io 

3air Socials

Twitter | Discord | LinkedIn | YouTube | Telegram

3air 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 Cross-chain Platform 3air Launches Token on Mexc Exchange, as it Connects People through NFTs appeared first on Bitcoin PR Buzz.

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Source: BPRB Feed

Press Release: 3air launched its BSC token On Mexc Exchange on September 22nd and is using NFTs for broadband connectivity through its cross-chain platform

28th September, Dubai, UAE – Bitcoin-based internet connectivity solution 3air has launched its token today on Mexc Global with the ticker $3AIR. The BSC is bridged for cross-chain compatibility, with two chains already live on its platform. 3air has also launched a marketplace with the goal of a type of NFTs that provides a new form of utility for users across the world as the company continues to help African nations connect to the internet.  

What Is 3air?

3air focuses on providing viable broadband coverage and internet connectivity to developing nations using its proprietary broadband internet technology. With the help of one of its new partners, K3 Telecom who is developing the necessary physical infrastructure (mobile internet base stations), 3air is developing the accompanying blockchain-based software to make broadband available to low-connectivity regions. 3air services already are live in Sierra Leone and will expand to the Democratic Republic of Congo, Ethiopia and Nigeria next. 

Limitless Connectivity Through NFTs 

3air has devised an inventive new way to turn NFTs into connective devices. Users will now be able to acquire 3air services through the power of their NFTs. 3air has designed two different types of NFTs, each with its own purpose: Connectivity NFTs, and Device NFTs. 

Device NFTs

Device NFTs identify the user through their hardware, allowing 3air to provide its broadband services to the holder’s devices. The hardware, its serial number, and other unique info will be identified through an image. The device NFT enables users to utilize their connectivity at various locations, so being connected to 3air by a router at home and at work would equate to 2 devices NFTs. 

Connectivity NFTs

Connectivity NFTs relay the exact information about what services are needed to be provided to the Device NFTs. Once users activate the NFT in the 3air marketplace they will choose the type and location of the services that they want. When activated, the NFT will correct its initial intrinsic value from the USD nominated value to the exact service and provider. Once the 3air platform connects to other providers the NFTs will be completely transferable within the ecosystem across all geographic locations & services. 

Cross-chain compatibility on OKC

3air has announced that it will deploy its NFTs marketplace on OKC. The platform will enable users new functionalities such as the ability to mint OKC tokens & distribute NFTs with a focus on cross-chain compatibility. 

3air users can select OKC from their DeFi wallets, and interact with the NFT marketplace to buy, sell, and store their NFTs in the marketplace. This level of flexibility, and the utility of the NFTs will combine to bring broadband internet connectivity to cities in Africa, and be more accessible to a broader range of users. 

3air & K3 Telecom 

Earlier in September 3air and its partner, Swiss-based global telecommunication operator K3 Telecom provided a school in Freetown, Sierra Leone, with free internet connectivity, giving students greater access to educational resources and opportunities.. 

3air Token & Listing

3AIR is the only token integrated into the 3air ecosystem and has a current total supply of 830 million tokens to increase value and liquidity. The 3air token launched on MEXC Global exchange on Thursday 22nd November and Pancakeswap is currently being traded against USDT and BUSD.  

For more information about 3air and its mission to make the internet available to all, visit its website here.

Media Contact

Contact Name: Ruba Aramouny

Contact Email: press@3air.io 

3air Socials

Twitter | Discord | LinkedIn | YouTube | Telegram

3air 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 Cross-chain Platform 3air Launches Token on Mexc Exchange, as it Connects People through NFTs appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Source: thinkbitcoins

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.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

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.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Source: thinkbitcoins