CroSwap will provide the ability to bridge between the Cronos Blockchain to other Ethereum Virtual Machine (EVM) Compatible blockchains.
What Are Bridges?
Blockchain bridges work just like the bridges we know in the physical world. Just as a physical bridge connects two physical locations, a blockchain bridge connects two blockchain ecosystems. Bridges facilitate communication between blockchains through the transfer of information and assets.
Scaling Fee Reduction
- If you hold $SHIP, your services fees while using the Cross-Chain Bridge will be reduced.
- How this works:
- Our formula will be the product's base service fee minus the maximum amount of the reduced service fee.
- The amount of tokens that will be included within the scale is from 0 to 20,000.
- The absolute maximum fee reduction that you can get is 50% of the product's base service fee.