BRCport Bridge
Enhancing Token Circulation with Cross-Chain Connectivity
Last updated
Enhancing Token Circulation with Cross-Chain Connectivity
Last updated
In a bid to elevate the token mobility experience for users, BRCport introduces the innovative BRCport Bridge feature. This feature serves as a robust bridge, connecting the Bitcoin network to EVM Networks
Token Deposit and Lock : Users initiate the process by depositing and securely locking their BRC20 tokens into the BRCport Bridge. This step ensures a seamless transition of BRC20 tokens to the cross-chain bridge.
Wrapped Token Issuance : Following the successful deposit, users are issued wrapped tokens such as ERC20 on other supported blockchain networks. These wrapped tokens carry the equivalent value of the deposited BRC20, allowing users to explore opportunities in diverse ecosystems.
Redemption Mechanism : Users retain the flexibility to redeem their original BRC20 tokens by burning the equivalent wrapped tokens. The redemption process is designed to be user-friendly, enabling a straightforward transition back to the BRC20 network.
The BRCport Bridge feature launches with support for $Ordi as the initial BRC20 asset.
Future plans include the expansion of supported assets, embracing a variety of inscriptions to cater to a broader user base.
For BRC20: Unisat wallet is the recommended wallet for BRC20 transactions within the BRCport Bridge.
For Wrapped Tokens: Our Bridge prioritises compatibility with MetaMask for a seamless user experience. Plans are underway for the gradual integration of other popular wallets like Trust Wallet, Wallet Connect, Coinbase Wallet etc. to enhance accessibility.
Transparent and user-friendly fee structures are at the core of the BRCport Bridge:
A nominal 0.5% fee is applied to transactions, ensuring cost-effectiveness for users.
To incentivize platform engagement, users can enjoy discounts of up to 50% by opting to pay fees with the native platform token, $BRCP.
