DotOracle Announcement Channel

2021-12-25 19:07:26 #only24hours until our #AMA
Don't miss this chance. You ask, we answer!
Speaker: DotOracle's dev team
4PM UTC Dec 26
Venue: https://t.me/dotoracle
Ask your question here: https://forms.gle/tu9N59EKHF29akp38

Project updates & core products in Q1, Q2 of 2022 will also be discussed.
#DotOracle $DTO Open / Comment

2021-12-24 17:58:00 Merry Christmas Everyone!

This has been an exciting year for DotOracle team. Thank you for always being our greatest supporters. May this holiday brings joy to you and your family!

#2moredays to our AMA, where we share our project updates & more info on 2 core products. Plus all your questions will be answered.

Stay tuned and don't miss it! Happy holiday!
#DotOracle $DTO Open / Comment

2021-12-23 14:03:14 #DoYouKnow Cross-chain bridge allows user to
Improve productivity and usefulness of existing crypto assets
Enjoy low operational difficulty
Take advantage of lower transfer fees & gas fees

Without a bridge, investors have to go through different exchanges and incur larger fees instead.

Cross-chain bridges also address the following:

Lower gas costs with increased transaction speeds;
User assets can be freely interacted with for a high user experience;
Improved productivity and usefulness of existing crypto assets;
Higher security and better privacy Open / Comment

2021-12-21 18:05:45 Project updates & more info on 2 core products (Q1 and Q2 2022) will be discussed at our #AMA
Speaker: DotOracle dev team
4PM UTC Dec 26th
Venue: https://t.me/dotoracle
Ask your question here:https://forms.gle/tu9N59EKHF29akp38
Stay tuned and make sure you don't miss it!
#DotOracle $DTO Open / Comment

2021-12-18 14:27:05 Congratulations MoonBeam on starting producing blocks on @Polkadot. What an achievement

We'll keep the momentum going strong by launching #DotOracle mainnet on MoonBeam soon. Can't wait for this!

Stay tuned and check info on our official channels!
https://twitter.com/MoonbeamNetwork/status/1472053609839964164 Open / Comment

2021-12-16 14:31:41 "#Explained How Bridge Smart Contract enables cross-chain transactions

When a user wants to transfer 100,000 USDT from ETH to MoonBeam chain, the user issues a request bridge transaction on the ETH blockchain by using the DTO bridge application. The transaction then locks the to-be-bridged amount in the DTO bridge smart contract on ETH.

Then, 99,750 dUSDT (wrapped/locked token) will be issued on MoonBeam chain.

If that user transfers 99,750 dUSDT from MoonBeam back to ETH
- 99,500 dUSDT will be burned on MoonBeam, and
- 99,500 USDT will be released on ETH by the bridge contract.

That explains for the 0.25% fee (0.05% for buying back DTO, 0.2% for rewarding liquidity providers)

In case the users don't transfer back to the genesis chain, the token will keep being wrapped for 2nd, 3rd time. Their value and liquidity will be the same as USDT.

bit.ly/DOT-crosschain
#DotOracle $DTO" Open / Comment

2021-12-14 19:30:50 [TECHNICAL NEWS] DECEMBER 13-19, 2021

Mainnet is close and we're looking at another productive week ahead for #DotOcacle team

Write tests for cross-chain stable coin swap
https://bit.ly/3dJ64cw
Continue to integrate bridge on Casper network
Test a new version of the bridge

If you're new to the technology, FOLLOW US on Twitter, Discord and Telegram and stay tuned. Detailed articles will be published this week!

Have a lovely day! Open / Comment

2021-12-13 06:58:16 #DotOracle #CrossChainBridge to arrive on our Mainnet this December!

We believe this will empower DeFi even more

This allows transactions between a token in a chain to that of another chain using DotOracle Network Application.

For example, when a user wants to transfer USDT from Ethereum to MoonBeam chain, the user issues a request bridge transaction on the Ethereum blockchain by using the DotOracle bridge application. The transaction then locks the to-be-bridged amount in the DotOracle bridge smart contract on Ethereum.

On each chain connected in the DotOracle liquidity network, there is a DotOracle bridge smart contract that:
- Issues new wrapped token or unlocks token when users claim digital assets they are transferring cross-chain
- Burns wrapped token or locks token when users want to make a request bridge transaction.

More details: https://bit.ly/DOT-crosschain Open / Comment

2021-12-09 17:16:09 [TECHNICAL NEWS] DECEMBER 6-12, 2021

Good day to everyone. Here are some exciting updates from our development team.

Develop cross-chain stable coin swap Testnet
Finalize Node Validators list with our backers
Integrate bridge on Casper ecosystem

We received large amount of partnership offer who want to be our node validators. That's amazing!

One more thing, Mainnet is near. Stay tuned! Open / Comment

2021-12-04 14:46:28 The no.1 #trending #Web3 will be integrated into DotOracle multi-chain network. What could be more exciting? Open / Comment