ChainPort BSC allows people to transfer their tokens between different blockchains (networks), allowing anyone to make any token blockchain agnostic with just a few simple clicks.
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How does ChainPort BSC work?
ChainPort - the first cross-chain bridge to support permissionless token transfer. With ChainPort, users can easily transfer tokens from multiple supported blockchain ecosystems to Dogechain. Supported chains include Ethereum, BSC, Polygon and Fantom, with more support for embedded tokens, coming soon. Migration is completed in minutes by using a user-friendly and simple user interface that does not require technical integration.
Project features:
| 1. | Transfer your tokens between blockchains and trade with confidence through the cryptoverse. |
| 2. | Add ChainPort bridges to your token directly from your digital property. |
| 3. | Compatible with Metamask and other leading wallets. |
| 4. | Advanced security, including fund segmentation, asset protection and multiple contract checks. |
Instead of leaving all funds in one storage, each bridge's funds are stored in three separate storage engines. Please note that this is how all major CEX exchanges store their assets. The developers believe that this is the most secure way to store client funds, especially in light of all the recent DeFi and bridge hacks.
Unlike many other token sales, each round of participants took on very different risks, so the price differentiation was designed specifically to account for the additional risk, taken on by earlier purchasers. Security is always of the utmost importance at ChainPort and 95% of funds are stored in wallets, provided by industry leading security experts: FireBlocks MPC and Gnosis-safe multi-sig.
Transfer of tokens through the bridge
ChainPort BSC opens the bridge for a project team or community members. Make any development of your own assets cross-chain in a few seconds. It only takes a few clicks to unlock the end-to-end chain and availability for any asset. Depositing, transferring and withdrawing your tokens via ChainPort is free. Only gas transfer fees are charged on the respective blockchains.
Chainport may charge fees for its services in the future. At the moment, ChainPort does not have its own token, but work on the tokenomics model will be in the near future.