Announching DEC and SPS Bridge Between Hive-Engine and Binace Smart Chain

in MonsterMarket2 years ago (edited)

cover.png

MonsterMarket has launched a Hive-Engine and Binance Smart Chain (BSC) bridge for DEC and SPS. It has started with initial liquidity of 5 million DEC and 200 thousand SPS. We have plans to add more as demand increases and the project matures.

How To Use

  • Go to the bridge interface at https://bswap.cc/bridge.
  • Log in with your Hive username using Hive Keychain.
  • If you want to transfer from Binance Smart Chain, you must link your BSC address with your hive username. You'll need MetaMask or other Web3 browser extension.
  • Check available balances on the bridge (refreshes automatically).
  • Click on the appropriate button to start your transfer.

There is a 0.25% bridging fee.

A minimum of 500 DEC and 100 SPS is required when transferring to the Binance Smart Chain, but there is no minimum for transferring to Hive-Engine. (Updated)

The bridge will automatically refund if it doesn't have the required balances. Refunds on Hive-Engine are free, but refunds on BSC will cost you the gas fee, which will be automatically deducted from your sent amount. For example, if you transferred 10000 SPS on BSC, but the bridge balance on Hive-Engine is lower than 10000 SPS, it will refund you 9999.03 SPS, 0.97 SPS will be the gas fee (determined by the market price of SPS against BNB).

We have chosen Hive-Engine over 'in-game' transfers because of the better traceability of the transactions. We might add support for transferring directly to in-game later. Another reason is we might add additional Hive-Engine tokens support in the future on the bridge.

We are updating MonsterMarket which will take some time to complete. As we wanted to get the bridge live as soon as possible, we have built the interface on the bSwap website. bSwap is a partner project of MonsterMarket. After the MonsterMarket update, monstermarket.io will feature an interface for the bridge.

If you have any questions or need support using the bridge, please reach out to us on our Discord.


Get instant 3% cashback for every cards purchase on MonsterMarket. MonsterMarket shares 60% of the revenue generated, no minimum spending is required. Join MonsterMarket Discord.

Sort:  

that's a pretty big withdrawal amount but great job anyway!

It is for economic reason. we are paying the gas fee for valid transfer requests. Minimums will be adjusted based the on price of the assets.

Woohoo, having an alternative to the official 0.5% fee bridge is awesome. Thank you guys. !1UP 🍄

Thanks for trying it out!

I really appreciate this and I appreciate knowing what's available. I used the other system integrated into Splinterlands UI and I didn't like that they didn't tell me how much was doable without a long delay.

We wanted to be as transparent as possible as we are charging gas fee while refunding on BSC. Currently we have very basic UI, hope to improve it soon with more options and easier UI.

untitled.gif

cool👍

@k4kashi mas opciones para los token del juego

The more options the merrier great job!

great initiative!

Don-1UP-Cheers-Cartel-250px.png

You have received a 1UP from @flauwy!

The following @oneup-cartel family members will soon upvote your post:
@monster-curator, @oneup-curator
And they will bring !PIZZA 🍕

Learn more about our delegation service to earn daily rewards. Join the family on Discord.

Congratulations @monstermarket! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

You received more than 1000 upvotes.
Your next target is to reach 1250 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from February day 15
Support the HiveBuzz project. Vote for our proposal!

Always gives me hope to see DEC and SPS have more visibility and cross-chain tradability. Still looking forward to the day that SPS is listed on a major exchange. Keep up the good work!

Congratulations @monstermarket! Your post has been a top performer on the Hive blockchain and you have been rewarded with the following badge:

Post with the highest payout of the day.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Power Up Month - Feedback from February day 15
Support the HiveBuzz project. Vote for our proposal!

Awesome update.

If you can partner with @beeswap or @hive-engine directly for this to be available on their UI's, you can get a lot of demand as people already use those UI's. Anyways It;s a great initiative. Good luck.

SO I do not need to do it using bLeo-Leo anymore? Good, and until then, I still need to find a good Polygon-BSC one. Any suggestions.

wait yoo this is sick!!!

Gracias por tu voto 😊. BENDICIONES!!!

Great One. Keep up the good work
Thanks for the community.

Hope for Great Initiatives.

Enjoy

!PIZZA

PIZZA!

$PIZZA slices delivered:
@baburamg(5/5) tipped @monstermarket