Monday, 06 December 2021 03:09 GMT

IoTeX and RelayChain Partner to Bridge the Real World to the Blockchain Universe


(MENAFN- MarketersMEDIA) IoTeX & RelayChain Partner to Bridge Real World to the Blockchain Universe.



Miami, United States of America - November 3, 2021 — The teams at IoTeX and RelayChain are thrilled to announce an extensive collaboration in bridging numerous EVM compatible chains to the IoTeX network. RelayChain will become a major conduit for transferring high value assets into the IoTeX Network from Avalanche, Moonriver, Fantom, HECO, Shiden, Polygon, Binance Smart Chain, Ethereum and many other existing and future networks. The partnership will commence with the bridging of the native utility tokens of the aforementioned networks as well as tokens that have been incubated by MCN Ventures.

IoTeX is a decentralized network of users, developers, and enterprises that collectively govern and utilize the IoTeX platform. As an EVM-compatible“Layer 1” blockchain, IoTeX now powers an ever-growing ecosystem of smart devices, DApps, and digital assets. Network transactions and smart contracts are fueled by the IOTX token, which also enables anyone to be a shareholder in the IoTeX Network. The IoTeX Mainnet has been running error-free since April 2019 and is maintained in a decentralized fashion by >60 Delegates, including Blockfolio, CoinGecko, and DraperDragon. Join our community of 100,000+ people across 100+ countries that are connected by a shared vision for the Internet of Trusted Things.

RelayChain enables fast and secure cross-chain token transfers between the world's leading blockchains. The platform offers Bridging as a Service (BaaS) to partner networks and dApps wishing to expand their footprint beyond a single chain. RelayChain currently supports bridges between any combination of Moonriver, Shiden, Ethereum, Polygon, Binance Smart Chain, Avalanche, Fantom, Huobi ECO Chain and IoTeX. Multiple other EVM compatible networks will be added in the near future. A unique feature of RelayChain is that liquidity providers will be rewarded in the native gas tokens of the chain where they provide the liquidity.

What will IoTeX and RelayChain achieve together? IoTeX will bridge devices and users in the physical world with blockchain technology, and RelayChain will bridge to IoTeX with other blockchains. With this partnership, tokens from nearly all of the popular blockchains will have a method to communicate and interact with the real world and no longer just the virtual world. This is where DeFi meets MachineFi. RelayChain has already connected the bridge to the IoTeX network. Liquidity pools and farms for RelayChain bridged tokens are coming soon and will be hosted on mimoswap, ZoomSwap, and MinMax. Details on the pools, tokens, and the MCN collaboration will be shared in the very near future in the next medium article.

For now, you can prepare to be a part of this groundbreaking collaboration by purchasing IoTeX. It is available on nearly every major exchange, including Coinbase.

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