MyWish Cross-Chain Bridge

Overview

The service is aimed at providing a larger variety of possible operations by increasing connectivity with other blockchains. A Cross-Chain Bridge basically opens a door to other blockchains offering possible larger audiences, investment opportunities, and competitive costs. These are just a few examples of the bridge use, infact, it provides limitless opportunities for both business and personal crypto assets development.

Why do you need a wrapped token?

Simple as it is, people wrap tokens to make them fit other blockchain standards. This means that you can use your tokens at non-native blockchain. Therefore, you can choose the transaction costs and time as well as the variability of features, opportunities, and benefits of other blockchains. In order to make the use of your token in other blockchains possible, you wrap it in that particular blockchain standard.

Note:

The circulating supply of the tokens remain the same. The process of token wrapping goes as follows: the wrapped tokens are minted on the other side of the bridge, meanwhile, the exact amount of the wrapped tokens minted is frozen on the native blockchain. The service is coded in a way that ensures the remaining total supply, making the use safe and secured. Additionally, the exchange rate also remains the same for native and wrapped tokens.

Example: How it works for WISH — WWISH, BWISH

To understand the following example, please note the following abbreviation descriptions: BWISH is a wrapped version of WISH in the BSC network, WWISH is a wrapped version of WISH in the Ethereum network

  1. Increased WISH token trade opportunities through entering new trading platforms such as Binance Dex, Uniswap, and Pancake Swap.
  2. Made the token available at three networks at the time.
  3. Given token holders freedom to choose the network for transactions.
  4. Escaped limitations of particular blockchain: costs and time constraints.
  5. Gotten the ability to use cheaper transaction fees and faster networks.
  6. Increased the number of token holders.

What are the benefits?

  • Ability to compare and choose from the gas costs offered by different blockchains.
  • New trading platforms allow reaching more buyers
  • Increase of capital efficiency and liquidity
  • Ability to apply more advanced functionality and features of non-native blockchains

Integration options

These are the Cross-Chain Swap integration options. There are two integrations available:

  • Back and forth Bridge from Ethereum to Binance Smart Chain
  • Customized bridge

How to apply for the service/book a consultation?

You are always welcome to fill in the form to book for a consultation and apply for the service. The form is available at https://mywishplatform.typeform.com/to/tlf8MEbl

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