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:

Multi-signature address with minting rights

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.

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

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