How to Bridge Cryptocurrencies [Summary of sites where Airdrop can be targeted]
How to Bridge Cryptocurrencies [Summary of sites where Airdrop can be targeted]
Here is a summary of the list of bridge protocols that Airdrop can target. Click here for sites of "Token Not Issued" services used for chain migration, starting with Wormhole.
I have compiled a list of services that can bridge and target airdrops.
I don't understand bridge well
I want to know about the major bridge services
I'm trying to get an airdrop in cryptocurrency
I write for people like this!
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🟣What is a cryptocurrency bridge?
A cryptocurrency bridge is a "transfer" of a cryptocurrency (token) to another network
(e.g., moving ETH from the Polygon chain to the BSC chain).
*Bridge = continental drift (if you just want to use it, you should have no trouble recognizing it this way.)
To learn more about how bridge works, see Binance Academy, which is easy to understand even for beginners.
https://academy.binance.com/en/articles/what-s-a-blockchain-bridge
Recently, the number of blockchains continues to increase, so even beginners can no longer ignore bridges.
So which one should we use?
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🟣Recommended sites for cryptocurrency bridge [how to use]
■Conclusion, there is no site that I can recommend for cryptocurrency bridge.
The reason is that no site is 100% secure. Even major sites are suddenly hacked. That is DeFi. You often see sites like "I recommend ⚪︎⚪︎ for cross chain bridges," but be careful of sites that assure you they are safe.
However...
"I want to know at least which ones are famous."
The answer to this question is,
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✅Bungee [$1 billion in transaction volume for the past 3 months]
■Bungee is a bridge aggregator.
It is a bridge service that shows you the best routes in real time in terms of fees, etc. (If you think of it as a bridge version of Trip.com.)
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📜How to use bridge
Select the token you want to move
Example: Polygon's "MATIC".
Select "chain you want to move to" and "token of your choice
Example: "ETH" of Optimism
Choose your favorite route and move on
(Gas Fees represent approximate fees)
It can be used by simply moving a lever, There is also a small bridge function that is quite convenient.
https://www.bungee.exchange/refuel
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✅Orbiter Finance [a service we have all used at least once
■Orbiter is a simple and easy-to-use bridge service.
Only "ETH, USDC, USDT" can be moved, but the bridge experience is intuitive.
Bridge fees and times for cryptocurrencies cannot be stated quantitatively as they vary depending on the "network in use" and the "service used".
One point to remember, Ethreum-related bridge fees are expensive.
Bridge from Ethreum
Bridge to Ethreum
Both can cost $10-$100 (during the bubble) or more in fees alone.
*If you are not familiar with this method, it is easy to understand how to deposit your money once in an overseas exchange and then withdraw it to any chain of your choice. (Many people choose this method.)
It is best to choose a method that you can understand.
↓ Why are bridges so popular?
🟣Bridge protocols can get you an airdrop.
■Bridge Protocol is a hot topic because airdrops can be expected.
・Airdrops are events where cryptocurrency is distributed to users who use the service.
・In the past, NEXT tokens worth $500 were actually distributed to users who bridged with a service called Connext. (*Other distribution events have also occurred at Across, Hop, PortX, etc.)
In the past, when users were able to earn money while using the service, a number of users have targeted airdrops at the bridge.
↓ What kind of bridge do you guys use?
🟣 Summary of bridge sites where you can aim for airdrops
■ This time, we have summarized such a "you can aim for airdrop" bridge services.
・ There are a huge number of bridge services, so we have set criteria and narrowed them down.
(Mainly lists protocols that are attracting attention from investment institutions)
Past airdrop conditions are also summarized at the end of this section.
↓ Now let's get to it.
✅Wormhole [$225 million raised]/1🔥
■VC's include Coinbase Ventures, Multicoin Capital, Jump Trading, etc.
There was a leak that the company was once hacked and funded in exchange for Hole tokens.
Recently announced airdrop of W, not sure if snapshot has been taken.
Officials are tweeting "Enter the Wormhole" on Twitter, so it looks like it may not be too late.
📜 How to use Wormhole
[Members only from here]
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