Allbridge — a simple, modern and reliable way to transfer assets between networks. Transfer ERC-20, SPL and many other tokens in a few clicks.
Description of the crypto coin Allbridge
Allbridge — a bridge between both EVM blockchains (eg Ethereum, Polygon, BSC) and non-EVM compliant (eg Solana, Terra), which is intended to cover L2 solutions (eg Arbitrum, Optimism) and NFT transfers in the future.
Each transfer includes 2 transactions: one from the original blockchain and the other from the destination chain. In the case of Allbridge, a transaction takes exactly as long as it takes for a given blockchain to confirm it. If the confirmation speed is fast enough, the transfer can be completed almost instantly. Users can send Native tokens and receive either Native or Wrapped tokens on the target blockchain.
| 1 | The bridge fee - the fee that the user pays for each transmission over the bridge. |
| 2 | Bridging requires 2 transactions: a send transaction in the source chain and a receive transaction in the destination chain. |
| 3 | The bridge fee is payable when the transaction is sent. The cost of the bridge does not include gas charges. The commission is paid with the same token that you transfer. |
The dynamic commission system allows Allbridge members to reduce the costs they pay for the transfer of assets. The bridge fee is paid before the transaction is sent, so the stake on the original blockchain allows the bridge's cost to be reduced. In addition, 80% of the commissions go to the ABR betting pool in a specific chain, distributed among the crypto exchange participants as a reward.
Additional information about the exchange
The coin defi site has a brief description of the site's work. Also, an introductory document is available. RoadMap is not available now.
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