Nash has launched an ERC-20 model of its NEX token on Ethereum. Customers can now swap between NEP-5 and ERC-20 NEX tokens, nonetheless, solely the NEP-5 model will be staked on the Nash platform. An ETH-NEX market is now out there on Uniswap.
Customers can conduct the token swap on both the Nash net or cell pockets. Presently, there’s a minimal swap quantity of 500 NEX.
The Neo-Ethereum bridge works by burning tokens on one chain as they’re moved to a different. The burning technique ensures a relentless provide of 50 million NEX in circulation, no matter which chain the NEX is saved. As ERC-20 NEX tokens should not wrapped, NEX can solely reside on one community at a time.
The ETH-NEX market on Uniswap has roughly $597,000 in complete liquidity on the time of press. Moreover, there was greater than $545,000 in buying and selling quantity.
Nash first introduced its intentions to construct the token bridge in its H1 2020 report, delivered by management in October 2020.
The complete announcement will be discovered on the hyperlink beneath: