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ORBS Is Now Accessible on the Binance Smart Chain via AnySwap Cross-Chain Bridge

ORBS Is Now Accessible on the Binance Smart Chain via AnySwap Cross-Chain Bridge


Source: Daily Hodle

April 23, 2021 – Tel Aviv, Israel

The ORBS token is now accessible via the Binance Smart Chain (BSC). Hodlers can swap tokens to and from the Ethereum network. Exploring this additional blockchain allows Orbs to leverage BSC’s potential for speed, low costs and DeFi purposes.

This integration of ORBS onto Binance Smart Chain is made possible through the cross-chain bridge developed by Multichain.XYZ – a platform co-developed by Anyswap and Andre Cronje. By integrating this functionality, holders can now move ORBS to and from the Ethereum and BSC networks at their own leisure.

Given the potential for BSC in the DeFi space, support on this blockchain can unlock new use cases for Orbs. As BSC is home to near-daily launches of new projects, products and services, it is one of the more exciting blockchains in the industry today. It has a competitive edge over Ethereum – which remains the main ecosystem for DeFi – by providing faster transactions at a much lower cost.

Orbs co-founder Tal Kol said,

“While the Ethereum ecosystem is leading the pack in terms of DeFi activity and public interest, in the last couple of months we are seeing more and more DeFi alternatives growing on BSC. … We knew we had to be part of the opportunities and innovations happening in the BSC ecosystem.”

As more and more DeFi alternatives launch on BSC, it makes sense for the ORBS token to be interoperable. As Orbs is a prolific decentralized finance project with unique advantages and multiple upcoming projects under development, both ecosystems will benefit from this compatibility. With the help of cross-chain bridges – such as Multichain.XYZ – the DeFi ecosystem can continue to grow and evolve into more encompassing solutions.

Moreover, Orbs and the Binance exchange strengthened their partnership in January to promote ongoing innovation in the world of decentralized finance. They were the first core sponsors of the DeFi.org accelerator bootstrapping new projects and DeFi protocols.

Other projects being worked on by Orbs include Liquidity NEXUS – to bridge the gap between CeFi and DeFi and the Orbs DeFi portal, an aggregation service for information regarding Orbs and decentralized finance. There is also the Orbs DeFi Grant Program, which aims to foster ongoing growth among contributors developing the network and ecosystem.

About Orbs

Orbs is a public blockchain infrastructure designed for mass usage applications, offering developers a proper mix of performance, cost, security and ease-of-use. The Orbs protocol is decentralized and executed by a public network of permissionless validators using proof-of-stake (PoS) consensus.

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Ran Hammer

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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Author: ChainWire