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Bridge your Crypto Tokens to Different Blockchains using ChainPort’s Permissionless Protocol

ChainPort

One major issue the crypto space has faced for a long time now is the issue of interoperability. This however is beginning to be a non-issue as solutions pop up every day in this fast-moving industry of ours. One of these solutions I’ve been impressed with is that of ChainPort and I’d be talking about them in this article.  ChainPort  ChainPort is a permissionless crypto bridge that lets its users port any crypto token to different blockchains like Polygon, Avalanche, Binance Smart Chain (BSC) and Ethereum. ChainPort plans to support all EVM compatible networks. This is detailed on the Roadmap. This ability to transfer tokens to different blockchains enables anyone to make any token blockchain agnostic by carrying out a few simple clicks.  ChainPort works in three simple steps: You deposit tokens You mint them on your target chain  And then they are ready to use on Decentralized Exchanges (DEXs)  ChainPort Features and Benefits  Permissionless — Users can port their tokens between blockchains and boldly trade across the cryptoverse without intervention or limitations.  Simple UX — ChainPort’s porting interface and experience is as user-friendly and simple as it can get.  Embeddable — ChainPort provides a direct link that is connected to the token pair and blockchain of users. This way, it’s easy to have a bridge to the bridge and it’s easier for the community of the user.  Full Interoperability — ChainPort boasts of a full cross-chain portal. This feature allows tokens to port across multiple chains without reverting to the original token.  Fast — ChainPort has one of the fastest bridge speeds in space. An average port takes only 2.5 minutes to complete.  API Integration — You can add ChainPort bridges directly to your token from your digital property.  Secure Bridge — For ChainPort, security is a top priority. The bridge secures all assets on it with a multi-layer technology that combines the latest breakthroughs in MPC cryptography and hardware isolation. There are also other advanced security features like fund segmentation, multi-sig cold wallet protection for assets, multiple contract audits etc.  Live Human Support — There is a live chat support feature on all of ChainPort’s devices How to Use ChainPort  Listed below are the steps you have to follow to successfully use ChainPort’s bridge to transfer tokens between different blockchains.    Connect your Wallet — On a first-time visit to ChainPort, you will need to connect your wallet to the platform. Wallets that are supported include MetaMask, Wallet Connect, Formatic, and Portis. To use other wallets, you can connect them through Wallet Connect via QR. Select a Token —  After connecting your wallet, you have to select the token you want to port over to a new blockchain.  Deposit the Token — After selecting the token you’re trying to port over to another blockchain, you can then deposit that token into ChainPort so that it can be sent over to the blockchain of choice. Approve the Transaction — Next you have to decide how much gas you want to pay for the transaction. This is the last thing you have to do and your tokens will be on a new blockchain.  Check It Out — When your tokens arrive at your Blockchain of choosing, you can press “Check it Out” and you’ll get redirected to Etherscan/BscScan/PolygonScan to view the transaction.  Verified Token   These are tokens that were ported with the help of the ChainPort Team. These tokens have liquidity on the other side of the bridge for you to trade on. Below is a sheet with all the tokens ChainPort supports https://docs.google.com/spreadsheets/d/1-hKsH-n_jIx7ojusO9Wj4UmmgH-WHJN8VTJ5hlvl2E4/edit#gid=0 Token  CPT is the native utility token of the ChainPort ecosystem. It enables a premium discount for utilising ChainPort services throughout the network. Also, with CPT, a rev-share model is enabled for projects and affiliates of ChainPort. These affiliates/projects will earn a percentage of the fees paid for the tokens they help onramp and/or for transactions they refer to the ChainPort network.  The majority of the payable fees are used to buy CPT, which may then be used for burns or in yield strategies. Affiliates, referrers and projects of ported tokens will get some of the fees from the bridge. Holders of CPT who use the bridge with their CPT will have their CPT staked to perform yield strategies.  Another perk of CPT is that its holders will have VIP access to take advantage of the valuable data network effect the platform boasts of. The CPT Token will bridge the data network effect which is generated by ChainPort into a value network effect for all holders of the CPT token. Tokenomics ChainPort has fair tokenomics that has been conceived to share value with its users and supporters. This simple and effective system is built-in and exclusive to the platform. Users Fee + NFT Per Port 0.3% … Continued

The post Bridge your Crypto Tokens to Different Blockchains using ChainPort’s Permissionless Protocol appeared first on Cryptoknowmics-Crypto News and Media Platform.

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGE

Tesla Begins Accepting Dogecoin Payments — Some Merchandise Can Only Be Purchased With DOGETesla now accepts dogecoin for some merchandise on its website. CEO Elon Musk delivered on the promise he made in December that his electric car company will accept DOGE. Meanwhile, Tesla still has not resumed accepting bitcoin. Dogecoin Now Accepted for Select Tesla Merchandise Elon Musk’s electric car company, Tesla, has begun accepting dogecoin payments […]

The Defiant’s Go-To Guide to OpenSea Challengers

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Running Redis on Google Colab

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Disaster Preparedness: How 5 Simple Steps Can Help You Protect Your A$$ets

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Why to get a loan in Dogecoin?

You’re an experienced holder or a new believer and you’re wondering what makes Dogecoin loans a better alternative to simply selling your crypto and using the funds? This article will help you make that distinction and make the most of your DOGE. Pros of Taking a Dogecoin Loan  There are several reasons why people take ... Read more

The post Why to get a loan in Dogecoin? first appeared on Blog.

Exclusive: Intel’s 12th-gen Core i9 is the fastest laptop CPU ever in our early tests

Swiss National Bank Trials CBDC in Transactions With Five Banks

Swiss National Bank Trials CBDC in Transactions With Five BanksThe Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services provider SIX. Swiss Central Bank Tests Integration of Wholesale CBDC Settlement With Private Banks […]

Community Token (COMT) is now available for trading on LBank Exchange

Community TokenLBank Exchange, a global digital asset trading platform, has listed Community Token (COMT) on January 12, 2022. For all users ...

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Delta Air Lines issues a travel alert for Southeast U.S.

Delta Air Lines issued this travel alert for the Southeast U.S.: Forecasted weather in the Southeastern U.S. may impact travel to/from/through the destination(s) listed below. Check flight status frequently for up-to-the-minute information about your flight plans, or get updates sent directly to your mobile device or by email with One-Time Flight Notification.

Air Canada issues a travel alert

Air Canada has issued this travel alert: See below for today’s outlook on possible disruptions to Air Canada, Air Canada Rouge and Air Canada Express flights operated by Jazz. When forecasted weather or other conditions may cause flight delays and possible cancellations, affected airports are listed below by date, region and city. Flight Notifications When […]

Giveaway – RuneScape: The First 20 Years Deluxe Edition Book

We love to give things away to our readers – who doesn’t like free stuff? In fact, one of the most heart-warming emails of 2021 came from someone that had won a TSA giveaway, so in an effort to keep the love-fest going in 2022 here’s our first giveaway of the year, courtesy of Jagex and Honest PR. We have five copies of the brand new book RuneScape: The First 20 Years, and it’s the deluxe edition too! This is a fancy piece of gaming literature, perfect for a fancy coffee table or a fancy bookshelf. Even better if you’re a lifelong fan of RuneScape, it covers twenty years of the game’s history, allowing you to reminisce about one of the most iconic and long-running MMORPGs. An illustrated history brought to you by Jagex and Dark Horse, this hardback book stands as the unmatched guide to the history of the RuneScape franchise, exploring the games’ detailed tapestry through exciting art and behind the scenes interviews. The Deluxe Edition also boasts an exclusive cover with foil treatments, gilded page edges, a ribbon page marker, a card slipcase, and a hard-backed folio containing two archive-quality art prints, so you’re getting the very best version of this tome, worth $99.99! Enter the RuneScape: The First 20 Years giveaway Want to get your hands on this memorialised RuneScape loveliness? Well, enter the below giveaway! Entries will be open until at 11PM GMT UK time on Monday 17th January. Please note that this giveaway is for UK entrants only. Winners must respond within three working days of being contacted, and if they do not another winner will be drawn. The prize will be shipped directly from Jagex/Honest PR. Our usual terms and conditions apply, and all decisions are final. All that’s left to say is good luck! Win a Runescape: The First 20 Years Deluxe Edition Book

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