2022-12-01 12:03:40
The TON blockchain will be connected to the cross-chain Orbit Bridge.Orbit Bridge is a multi-chain bridge service with token conversion between mainnets with current support of 19 blockchains and 84 tokens. The platform is by Ozys, a South Korean blockchain company with additional TON development roadmap, including a TON native DEX scheduled for release on early January 2023.
The service has over $12.3 billion worth of assets locked and undergoes a quarterly security audit. Since its launch in 2020, Orbit has not suffered a breach.
Supported tokens on Orbit Bridge to and from TON ecosystem will include:
Ethereum-based tokens (51): WBTC, ETH, USDT, USDC, DAI, etc.
Polygon-based tokens (4): MATIC, MESH, etc.
Klaytn-based tokens (10): KLAY, KSP, etc.
Orbit Bridge Validators include leading names in the crypto industry, such as First Stage Labs, TON Ecosystem Builders, Cosmostation, Neoply, DSRV, M-block, Despread, Move Labs, B-harvest, Ozys, and more.
Ozys is currently developing its own TON-based DEX, which will launch early January 2023.
Justin Hyun, Head of Incubation at the TON Foundation, shared his comments on the occasion:
“With the introduction of TON as the latest mainnet on the Orbit Bridge, a host of new users will be introduced to the TON ecosystem. Vice-versa, TON users will be excited for the opportunity to hold stablecoins on TON mainnet. While mainnet native minting is our ultimate goal, we believe that multi-chain solution unlocks new potential for the TON ecosystem. Users that port over to TON will experience the advantages that our blockchain holds over its peers.”
Note: It is important for users to access the authentic website. There are other sites with deceiving names designed to trick unfamiliar users and we encourage our community to employ good security practices.
10.3K viewsedited 09:03