Fantom is now connected to Cross-Chain Bridge
Our journey towards real interoperability doesn’t stop; soon after Avalanche’s launch on CrossChainBridge.org, today, we are thrilled to announce that Fantom is also part of its growing ecosystem of EVM blockchains.
The Fantom ecosystem is becoming bigger by the day, with a multi-billion dollar market cap for FTM numbers speaking for themselves.
Cross-Chain Bridge now supports Ethereum, Avalanche, Binance Smart Chain, Polygon and Fantom.
Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in one second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world use-cases.
Bridge to and from Fantom via Cross-Chain Bridge now
Users can now bridge any ERC20 based token to Fantom extremely fast within 2–5 minutes, with no coding or integration, we take care of everything for you. Here is a guide on how to bridge a token.
With the Cross-Chain Bridge, projects with Fantom-based tokens or with the desire to bridge over to Fantom can now provide liquidity for bridging. USDC and USDT have been listed with liquidity-incentivizing Farms.
BRIDGE Token Details
To provide minimum BRIDGE liquidity in the Cross-Chain Bridge and to list the BRIDGE token on SpookySwap, an extra 2,000,000 BRIDGE tokens will be minted on Fantom. The listing will be done with just 1,000 BRIDGE on SpookySwap and Cross-Chain Bridge, respectively. If more than 2x1,000 are needed, the team might increase that. If not, the remainder of the extra-minted tokens will be burned.
The amounts are minimal on purpose. On a DEX, the initial price needs to be set by the team to match the pricing on other networks. More liquidity should come from users providing liquidity and earning BRIDGE rewards. Inside the Cross-Chain Bridge, we try to prevent existing BRIDGE whales to bridge over to Fantom and “eat” all the rewards from the BRIDGE Farm.
It’s in the interest of everybody, including those whales, that new BRIDGE Fantom investors get a chance to farm and join the Bridge community.
USDC:
Deposit Limit: $400,000
Farm: Multiplier 2x
USDT:
Deposit Limit: $400,000
Farm: Multiplier 2x
BRIDGE:
No Deposit Limit
Farm: Multiplier 2x
BRIDGE/FTM (SpookySwap):
No Deposit Limit
Farm: Multiplier 2x
With the connection of Fantom, the split of the 80 BRIDGE tokens minted per minute will be adjusted to 40% BSC, 20% ETH, 20% Polygon,10% Avalanche and 10% Fantom.
BRIDGE Contract Address: 0x92868a5255c628da08f550a858a802f5351c5223
BRIDGE Fantom via SpookySwap: https://spookyswap.finance/swap?outputCurrency=0x92868a5255c628da08f550a858a802f5351c5223
About Cross-Chain Bridge
Cross-Chain Bridge is a product released by the German Tixl Organization (Tixl gGmbH) and DeFi enthusiasts. It is a permissionless, security-focused, and (in the future) community-governed bridging protocol to connect an increasing number of blockchains and, eventually, all major blockchains with each other. The protocol incentivizes providing liquidity for both projects and end-users as well as provides a seamless bridging experience for tokens and NFTs — by bringing fee participation, yield farming, self-listings for projects, and building other innovative features into the world of bridges. Cross-Chain Bridge provides a bridge between Ethereum, Polygon, Binance Smart Chain (BSC), Avalanche and Fantom with more blockchains to be added in the future.
Closing Words
The addition of Fantom to the Cross-Chain bridge is another step towards full, seamless, interoperability between blockchains. Our entire team has been working hard to create the best bridging experience in the Crypto space. Weekly we are sharing all the updates on our Discord Announcement channel, make sure to join us.
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