Breaking down barriers — T-Starter launches cross-chain sales

Why cross-chain pool sales?

  • First you would need to withdraw the USDC to your Ethereum account.
  • Next, you would need to move your USDC to pUSDC on Telos using the Ethereum<>Telos bridge along with the crazy Ethereum gas fees and the added complexity of figuring out how to use the bridge.
  • Only then would you be able to join the pool sale.

How do cross-chain sales work?

Step 1 — Setup

Step 2 — Join Pool

  • pUSDC on Telos
  • USDC on Ethereum
  • USDC on Binance Smart Chain
  • If the pool is successful you will receive your pool tokens in your Telos wallet.
  • If the pool is cancelled or fails you can reclaim your USDC on the Ethereum blockchain.

Summary

  • Acquiring the tokens needed for joining pools on EOSIO blockchains is tedious and creates a barrier of entry for most users. We introduce cross-chain pools to address this issue.
  • Cross-chain pools allow tokens held on Ethereum or Binance Smart Chain to be used to join a sale hosted on Telos, WAX or EOS.
  • This post demonstrates the process of joining such a pool.

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T-Starter

T-Starter

At T-Starter we are building a cross-chain token pool swap platform on the Telos Blockchain, making it possible for projects to build on Telos