Dear investors!Recently, the new Exchange bot has been launched on the Byteball platform, allowing the token to be accessed immediately from both platforms: Byteball and Ethereum, or simply, to form a
Dual-chain token!
We are happy to announce that
the Titan Coin was one of the first tokens added to this bot, and now functions as a Dual-Chain token!
How will it affect the Titan Coin project?- The Titan Coin ERC20 token will be listed on recognized exchanges with high-liquidity (unlike the Byteball token, which wasnt accepted for the listing).
- During the ICO, in order to purchase the tokens, investors are not required to install the Byteball wallet when paying in ETH - investors will receive ERC20 tokens on the Ethereum platform.
- Any holder of the Byteball token will be able to exchange them for ERC20 tokens.How does Dual-Chain and exchange bot work?- The main link between the of Byteball and Ethereum platforms is a bundle of a Byteball Bot and Ethereum smart-contracts. Every exchange operation between two platforms is performed via the bot on the Byteball platform and in both directions, which requires the user to have wallets on both platforms.
- Token emission will be performed equally on both platforms, this will not affect the total emission in any way, since one platform will be issued with "active" tokens at the same time as the other platform with "frozen" tokens.
- When performing the exchange operation, the bot on the Byteball platform will "freeze" the required number of "active" Byteball tokens in the bot's wallet and send a command to the Ethereum smart contract for "unfreeze" the same amount of ERC20 tokens blocked on the exchanger's Ethereum account and, as a result, transfer activated ERC20 token to the users Ethereum wallet.
- So, the number of "active" tokens is always equal to the number of "frozen tokens and therefore equal to the initial emission of the token on one platform. Each token can be repeatedly swapped between platforms.