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Blockchain is evolving, with cross-chain bridges connecting sovereign ecosystems. But bridges can fail 😞 You often find something unexpected on the other side 🧌 Introducing Interchain Token Service, extending token fungibility & functionality across Web3 🧵👇🪄🧙

217,309 просмотров • 3 лет назад •via X (Twitter)

Комментарии: 10

Фото профиля Axelar Network
Axelar Network3 лет назад

Interchain Token Service is a product suite to mint & manage Interchain Tokens, delivering... 💸 Fungibility: tokens are cross-chain fungible 🔧 Custom functionality: tokens keep features cross-chain 💰 Low overhead: Smart contracts & developer tools automate developer tasks

Фото профиля Axelar Network
Axelar Network3 лет назад

Notably, Interchain Token Service supports: 😮‍💨 1-click, permissionless deployments and transfers 🌐 Canonical wrappers and standardized tokens (I.e., If you use the canonical token path, there will always be exactly one interchain version of your token, preventing confusion.)

Фото профиля Axelar Network
Axelar Network3 лет назад

$SUSHI is the Interchain Token standard-bearer 🍣 The chefs wanted to deliver $SUSHI on multiple chains. How could they keep $SUSHI fresh and fungible? Interchain Token Service changed everything and opened the door to the interchain for the chefs and $SUSHI 🚀

Фото профиля Axelar Network
Axelar Network3 лет назад

Dozens of innovative projects are already building with Interchain Token Service. 👀 Check them out @ hashtag #InterchainLegends 🧙Learn more & explore the Legend of Interchain ⤵️

Фото профиля QuickSwap 🐲 DragonFi 2.0
QuickSwap 🐲 DragonFi 2.03 лет назад

Super cool stuff!

Фото профиля Axelar Network
Axelar Network3 лет назад

🙏

Фото профиля Cletus | VIA Labs
Cletus | VIA Labs3 лет назад

This has already been built. Anyone can have this service right now with @CryptoLink_Tech. No hidden fees, no underlying blockchain…. No nonsense. To all the project leaders reading this… Want this for your project? At a fraction of the cost? Let’s chat.

Фото профиля OpenOcean - A leading DeFi Aggregator
OpenOcean - A leading DeFi Aggregator3 лет назад

👏👏👏

Фото профиля Big Jay✨
Big Jay✨3 лет назад

The retro game wizardry made it really interesting to know what the interchain token service does🚀

Фото профиля St. Dirty Donnelly
St. Dirty Donnelly3 лет назад

@IvanOnTech This makes me want to play A Link to the Past

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So a core issues I see with a lot of crypto games is: No in game peer to peer economy. (ie. The game Devs make all the $$ off the items and you buy from them not other players) Couple of things I wanted to experiment with, in regards to on chain gaming is the peer to peer economy. So the way my team set it up, is you mine the token in game, but you sell the items peer to peer in SOL. (see video for a demo) This gives you two different ways to play to earn, you can farm items, from bosses and loot boxes, and sell them to players for solana:So11111111111111111111111111111111111111112 , then other players can buy them and use them to mine the token, and sell the token to traders who will speculate on the price. Or you can just buy the loot boxes, and use the items to farm the token. This should help with the sell pressure, because before the game flow was: Buy item (in token, From devs) --->farm a ton of token---> Sell token to recoup cost of item. New flow is : Player opens loot boxes (paid in token)/ Player Plays game (in game token sinks) ---> gets item ---Lists item--> other player buy Item (From players, In SOL) ----Farms token---> sells token. Now the equation is if the loot box-player spent more game tokens to get the item compared to what he gets for in sol, and it keeps more money in the in game economy, and the market will fluctuate more based on the price of the in game token. So players who play and are "locked in" can make money off arbing and this services the "trader" archetype of player, which I feel is the major player type in web3-games. (also the token name is just a test token so dont buy random shit on pump fun, thats just using the name)

Skely

15,036 просмотров • 1 месяц назад

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