Where to Buy, Sell and Custody Netbox.Bridge Tokens

Introduction

Decentralized Finance and cryptocurrencies are definitely the future. However, while they have literally gathered a value of trillions of dollars, not too many corporations seem to be adopting this technology into their mainstream solutions.

If you are curious as to why, given the fact that blockchain solutions have made such large innovations to decentralized finance, many larger corporations have yet to adopt them, well, this is due to the fact that they lack any scalability, and moving assets between them is difficult.

However, there are solutions out there being developed on a consistent basis, and the Netbox.Bridge is one of them.

The Netbox.Bridge is a cross-chain bridge to and from the Ethereum Blockchain, the Binance Smart Chain as well as the Netbox.Chain that aims to solve this.

Its main intention is to provide a bridge through which value can travel across the three chains, which in turn can provide access to smart contract functionality, DeFi markets, and DEX listings.

Now, the main reason why the Binance Smart Chain was chosen was due to the fact that it has fewer transaction costs, better user awareness, and a higher level of stability and potential for growth.

It is a connection that allows for the transfers of NBX coins and NBXB tokens at a 1:1 ratio without the Swap fees (transaction fees are not included) as well as arbitrary data from one chain to another.

Why Use Netbox.Bridge?

When it comes to some of the main reasons why mainstream businesses aren’t really adopting the latest blockchain technology, it is due to the fact that the largest network has this struggle of processing the increasing number of transactions and become congested in the process.

What this means is that, over time, due to this lack of scalability, the network becomes slow and expensive to run on. This means that some of the pre-existing networks out there are far from their potential to run applications with millions of users, something mainstream businesses have as a requirement.

Furthermore, every blockchain seems to have its own ecosystem that it offers to its users through a decentralized application (dApp), and all of them use their native currencies as a means to power that specific blockchain. This means that existing blockchains do not really communicate with each other, and to switch or transfer an asset from one chain to another has proven to be difficult as a result of this. This lack of interoperability is another barrier of entry for a lot of corporations.

Through the implementation of cross-chain bridges, such as the Netbox.Bridge, we can start seeing businesses start building decentralized applications (dApps) on a specific network, which targets users above the specific network. To further bring this point along, Netbox, Ethereum, and the Binance Smart Chain can be easily accessed, and the cryptocurrency tokens can travel seamlessly between them, while also providing companies as well as users with access to smart contracts, DeFi, DEXs as well as other various solutions. All of this is done while the transactions remain affordable and quick. This is where the Netbox.Bridge tokens enter the big picture. Let’s dive in.

Netbox.Bridge Tokens

Regarding the token itself, the NBXB token is what powers the Netbox.Bridge.

This is due to the fact that it allows it to move cryptocurrency from one chain to another chain.

While NBXB has its own value, it also serves a general function when it comes to the functionality of the Netbox.Bridge. This means that users that want to fill the role of an investor can essentially trade NBXB, hold onto it for a short-term period or a long-term period in accordance with their investment strategy.

Other users can just use it to transfer cryptocurrency from one chain to another. This means that there are multiple use-cases for the token, and this is what will bring general appeal to it.

Then you have what is known as a wrapped NBX coin. These are the NBXB and the NBXE tokens. Wrapped NBX coin is a cryptocurrency token that is pegged to the value of the NBX coin.

What this means is that the original asset is put in a wrapper of sorts, which is a digital vault. This allows the wrapped version of the token to be created on another blockchain.

These tokens are important due to the fact that the Bridge uses a digital vault. This vault holds the NBX coins on the Netbox blockchain.

Here, wrapped NBX coins can be issued on the Binance Smart Chain or the Ethereum Blockchain. This bridge is hosted by the Netbox Core team itself.

Where to Buy, Sell, and Custody Netbox.Bridge Tokens

When it comes to buying, selling, or putting custody on Netbox.Bridge tokens, here’s what you need to know.

When it comes to selling or trading your wrapped NBX (NBXB and NBXE), you can do so on any decentralized exchange on the Binance Smart Chain as well as the Ethereum Blockchain.

The supported exchanges may include:

• PancakeSwap
• Uniswap
• 1inch
• Coinbase
• Gemini
• CEX.IO
• Bittrex
• Coinmama
• Kraken
• GDAX

Note that while the token might not be listed everywhere at the time of writing, it may at some point in the future. These are all of the exchanges that support BEP-20 and ERC-20 tokens, standards in which the NBX coin can be wrapped.

You can hold them on any wallet that supports BEP-20 and ERC-20 token standards.

The supported wallets may include:

• MetaMask
• TrustWallet
• SafePal
• Math Wallet
• Unstoppable Wallet
• TokenPocket Wallet
• Guarda Wallet
• Binance Chain Wallet
• MyEtherWallet
• Mist
• Parity
• imToken
• Cipher

Note that many cryptocurrency exchanges will provide you with their own online, web-based wallet which will be able to hold the NBX coin in all of its wrapped forms (NBXB and NBXE), however, you always have the opportunity to simply purchase the token on a specific exchange, and transfer it to your own private cryptocurrency wallet as-well.

Conclusion

To wrap things up, the process of buying, selling, trading or even keeping the NBX coin, NBXB, and NBXE tokens in custody is quite simple. If you have ever, at some point in the past purchased tokens on a cryptocurrency exchange that supports the Ethereum blockchain as well as the Binance Smart Chain then it should be extremely simple to adopt here as well. Whatever reason you are interested in getting them, be it for utilizing the functionality of the Netbox.Bridge, or just keeping them as an investment opportunity, hopefully now you understand where you can do so.

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