Recently the CubFinance team pulled a wonderful surprise and came through with the CubFinance bridge, a decentralized way of changing between BEP20 and ERC-20 tokens without losing your custody of your coins at any point.
This beats out services like Changelly and ChangeNOW because you never lose custody of your coins throughout the exchanging process.
I tried to swap some ERC-20 USDT to BUSD for the purpose of this article. Let's see the fees i paid:
- Gas fee on Ethereum chain : $7
- Swap fee of 0.25% of my transaction (which is used to buy and burn bLEO and CUB. More on this later)
That was all the fees! Granted the ERC-20 fee still remains, however if I had changed on Changelly, I would have paid a higher gas fee (not sure why this is the case, but I did test them side by side and saw that the gas fee on Changelly was inexplicably higher), as well as a 0.5% fee on the total amount. I would also not get the best deal since they use the orderbooks of CEXs which usually do not reflect actual price.
With the number of ways and methods there are to buy and burn CUB currently, I believe that CUB is due for a big pump soon. These are the kinds of updates I love to see and hear, and I'm sure you do too!
The Kingdoms are also rumored to come soon, as it was said on the LeoFinance twitter that development has already begun. We'll have to wait for kingdoms to be released, but you can bet I'll be the first to test them out!
What do you think of the bridge? Let me know down below!
Posted Using LeoFinance Beta
I cant seem to see the bridge yet? is it live to everyone? I clicked the link and it still says "coming soon"
Posted Using LeoFinance Beta
YOu have to refresh your browser; on Firefox it is strg + F5
Posted Using LeoFinance Beta
thanks for that, I can see it now, I needed to clear my cache.
I am very excited about all the projects on Leofinance. I love the blogging front page where I earn author and curator rewards, I love using Cubfinance to stake and farm, plus I have started my own venture called the No Loss Lottery, which is the cryptocurrency version of a lottery where your Lotto ticket is refundable.
The emotional thrill of winning a big prize, the intellectual thrill of saving your money.
Each lottery ticket provides a continuous chance to win the yield earning of all pooled ticket purchases. All ticket purchases are refundable in 7 days. To enter send one Leo per ticket desired to @nolosslottery
Learn more here: https://leofinance.io/@shortsegments/no-loss-lottery
Posted Using LeoFinance Beta