- Polkamon is coming to Binance Smart Chain in Q2 2021.
- Users will soon be able to buy $PMON on BSC using PancakeSwap.
- Polkamon will use Tixl’s decentralized Cross-Chain Bridge.
— Polkamon (@Polkamonorg) April 28, 2021
As a first step, users will soon be able to buy $PMON on Binance Smart Chain (BSC) using PancakeSwap. For an ERC20 project like Polkamon to be usable on PancakeSwap or a similar BSC DEX, it is important that there must be a bridge for token holders between Ethereum (ERC20) and Binance Smart Chain (BEP20).
Furthermore, without such a bridge, you would not be able to use the $PMON you bought on Binance Smart Chain to open Booster Packs on the Ethereum Network.
At the same time, they are also happy to announce their partnership with the Tixl Organization. Notably, for ERC20 <~> BEP20 transactions, Polkamon will use Tixl’s decentralized Cross-Chain Bridge. Moreover, the bridge will enable a user to swap PMON ERC20 for PMON BEP20 1:1 with a small transaction fee.
As such, the Tixl Organization, including its TXL token, creates a single high-performance network for a new era of DeFi, payments & banking. At the same time, it is focusing on interoperable layer 1 Autobahn Network. It comes with instant & minimal-fee-transactions for each data transfer, not just digital assets or tokens.