Cryptocurrency Q&A
What is a token bridge used for?
What is a token bridge used for?
mia_harrison_painter
Thu Feb 20 2025
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6
answers
1195
I'm trying to understand the purpose of a token bridge. I know it has something to do with blockchain technology, but what exactly does it achieve? How does it facilitate the transfer of tokens between different blockchains?
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6 answers
alexander_watson_astronaut
Sat Feb 22 2025
A token bridge serves as a crucial tool in the cryptocurrency sphere.
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Michele
Sat Feb 22 2025
Its primary function is to facilitate the swapping of ERC20-based DEFI tokens.
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BitcoinWarrior
Sat Feb 22 2025
These tokens are converted into BEP2-based DEFI tokens, which are inherently linked to Binance Chain.
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SejongWisdomKeeper
Sat Feb 22 2025
It is imperative to note that this bridge is exclusively designed for DEFI tokens.
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GinsengBoost
Fri Feb 21 2025
Attempting to send any other type of tokens through the bridge could lead to unforeseen consequences.
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