YFX Token Cross- Chain Bridging Solution

YFX Token Cross- Chain Bridging Solution

At present, since there is no mature cross-chain bridge on the market which can solve multiple public chains like ETH, BSC, Heco and TRON, YFX.COM adopts the USDT cross-chain solution to solve YFX Token swapping, that is, YFX.COM receives a certain of YFX Token cross-chain demand, the part of the token will be burned on one chain and minted on the corresponding public chain, and then transferred to the address demanded.
 
All operations will be announced on the official website, and all operations will be performed using a multi-signature scheme. YFX Token's Mint and Burn management use a 3/5 multi-signature scheme. All Burn and Mint operations require three private keys to take effect.
 
YFX Token multi-signature address with token-minting authority:

Blockchain
Multi-signature address with minting rights
ETH
0xEf088E2D9760a8e459970df3B3eA20de73eB7A6b
BSC
0x3F2a7D4535E212870321A57231e260580286C0B7
Heco
0x830299564875b4659B805969Bf0E96588AbF8f4B
Tron
TMFrFfVc4CQ46JKjXnr7biKqFiMeae74m6

YFX Token cross-chain steps, take (ETH bridging to Heco) as an example:

1. Transfer YFX Token to the multi-signature address of ETH. Please note that the multi-signature address of each chain is different. This is a contract address, and we cannot retrieve it after the wrong transfer.

2. Fill in the relevant

3. YFX.COM will perform operations of destroying Burn on the old chain and minting Mint on the new chain after confirming receipt of the token and verifying the signature and transfer the token to the address of the chain you need.

Precautions:
1. Since cross-chain requires manual multi-signature operations, only YFX tokens more than 100,000 are accepted.
2. Regarding the signature, in order to confirm that the address is yours, you need to sign "YFX.COM" with the source address and fill in the form. We will verify the signature and perform cross-chain operations.ETH signature website:https://app.mycrypto.com/sign-message
3. If personal assets are on the exchange, you need to withdraw from the exchange to your own address, and then transfer tokens from your wallet address to our multi-signature address.
 
About YFX
YFX.COM is a cross-chain decentralized perpetual contract platform strategically invested by NGC, SNZ, DFG, LD and so on. YFX is based on ETH, BSC, Heco, Tron, OKExChain, and Polkadot providing up to 100 times the perpetual contract trading BTC, ETH and other assets.Different from the common automatic market maker model (AMM), YFX.COM adopts the QIC-AMM market maker pool trading method to provide users with high liquidity and low trading slippage.YFX.COM has successfully supported layer2's perpetual contract trading function.YFX.COM's goal is to build a DEX that can compete with CEXs on the derivatives trading track.

YFX official contact information:
Media Contact: media@yfx.com






    • Related Articles

    • YFX.COM Double Chain(Heco&Tron) Perpetual Swaps Trading Competition+ LP Mining, Get 30,000 YFX Token Rewards

      一、Heco&Tron Double Chain Trading Competition   The Trading Competition: The reward of trading competition is 18,000 YFX. 1. We will reward top winning and top losing account with YFX token.  2. We only calculate open position during the event, and ...
    • How to claim YFX Token

      When: 10:10 (UTC) on May 9th, 2021. Who: All users participating in YFX.COM Genesis Mining (1 and 2). Claim tutorial: Enter token claim page. Click Claim, sigh with wallet. Claimed YFX tokens will be seen when you add tokens into your wallet. NOTE: ...
    • YFX Token Launching Phase 2-Balancer+LBP

      YFX Token contract address on each blockchain:  ETH    0xf55a93b613d172b86c2ba3981a849dae2aecde2f BSC    0xf55a93b613d172b86c2ba3981a849dae2aecde2f Heco    0xf55a93b613d172b86c2ba3981a849dae2aecde2f TRON    TAP7qf8Ao26ZAKYS5E6SGozUNoSLvBHsGa Total ...
    • YFX Token Genesis Mining

      YFX Token Genesis Mining Token Distribution Community (60%): Genesis Mining, Airdrop, other marketing activity and community rewards. These tokens will distribute to community in three years. 50% for the first year, 25% for the second and third year. ...
    • The Third Stage of YFX.COM Token Launch-Sushi, Mdex

      The contract addresses of YFX tokens in major public chains are as follows: ETH: 0xf55a93b613d172b86c2ba3981a849dae2aecde2f BSC: 0xf55a93b613d172b86c2ba3981a849dae2aecde2f Heco: 0xf55a93b613d172b86c2ba3981a849dae2aecde2f TRON: ...