USTX Teleport Cross-Chain Bridge
Mass project adoption accounts for one key factor in the success of a project. We believe a multi-chain framework will increase adoption and our chances of success.
One ideal way to launch projects/tokens is with a single price across multiple chains. That requires the deployment of a cross-chain bridge, to allow for proper accounting of the total tokens across chains. Also, cross-chain movements of tokens must never tamper with token supply.
Other vital factors to consider while transacting with cross-chain bridges include:
- Network Security
- Network speed
- Platform decentralization
- Fees
USTX developed a fully decentralized bridge, named Teleport.
Teleport gives a whole meaning to decentralization. No manager sits behind the front-end infrastructure. Therefore, the users have complete responsibility for all on-chain transactions. The front-end syncs all source chain deposits against all destination chain claims.
Fast Transaction Settlements and Network Security
Transactions clear fast, taking 40 seconds and utmost 60 seconds.
Security remains a key factor across the bridge. The architecture remains foul-proof for the safety of users and their tokens. And transaction authentication follows a two-tier approach. The protocol requires two witnesses to validate a transaction for clearance independently.
We have a stand-by team to provide support. Users can escalate requests for assistance via official Telegram channel https://t.me/ustx_en or via our official email address for user support via teleport@ustx.io
Pros of Teleport Interface
Currently, the Teleport bridge connects BitTorrent, Tron, Cronos and Binance Smart Chain. In the future more routes will be activated.
Teleport bridge use is free of charge. The only costs apply to network fees for destination and source chains.
To best help users with protocol requirements, we encourage users to refer to our help section via https://dex.ustx.io/teleport.html
The essential rules include:
- Token size per transfer — minimum of 100 USTX and a maximum of 10,000 USTX
- The allowable timespan to complete a transfer is a maximum of 15 minutes
- The users must have FULL control of the source wallets as well as the destination wallets. Users initiate transactions on the source chains and complete transactions on the destination chains.
- The users must hold enough base currencies in the source and destination wallets to cover or pay network fees. The base currencies include TRX on Tron, CRO on Cronos, BNB on Binance smart chain and BTT on BitTorrent chain.
- We recommend transacting with a PC or MAC. The mobile apps will come soon.