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The bridge between Silicoin and Binance Smart Chain has been done by FuturesCash

Updated: Apr 20, 2022

Over the past decade, blockchain and Defi have become increasingly popular, with disruptive use cases in almost every domain. To reach its full potential, the cryptocurrency community must find solutions to certain persistent problems:


  • Scalability

  • Interoperability

  • Inter-chain communication


Because different blockchain cannot communicate, users cannot fully enjoy the benefits of ledger technology. Just like cryptocurrencies are hard to swap from one chain to another. This frustration makes it imperative that "cross-chain" technologies allow users to exchange value and information easily and quickly. Therefore, we need a strong, trust-minimized cross-chain ecosystem to connect the players in the public chain. Realizing this, Silicoin started exploring technology to cross-chain.


In coincidence, we found that Futures Foundation is now working to build a cross-chain ecosystem that fits our strategic development needs. FuturesCash, the foundation's product, will launch an IBO (Initial Bridge Offering) mechanism.


Thus, Silicoin has decided to work with FuturesCash. Both users can take advantage of the IBO mechanism on FuturesCash and enjoy the benefits of low gas costs and convenience, making the comples cross-chain process very simple.


What are the benefits of cross-chain for Silicoin networks?


Firstly, lower the threshold of entry for users. Silicoin is known to be an independent public chain based on Chia technology and mining equipment is a basic requirement to join in Silicoin network. Therefore, the vast majority of beginner of users, or users without mining equipment are excluded. This is a very important bottleneck for the long-term development of a public chain.


Secondly, reduce the technical difficulty of ecological development. Silicoin's blockchain performance will take time to settle compared to Ethereum and BSC (Binance Smart Chain) due to its innovative technology. But we know very well how important it is to develop ecology for a public chain. However, due to technical limitations, many talented programmers have not been able to join the Chia blockchain ecosystem. In view of this, we believe that by cross-chain, we can get more programmers to join Silicoin's ecology and they can do more development on the BSC without being limited by the common chain itself. For example, contributors can develop GameFi on the BSC, creat LP pools, set up NFT platforms, or open leveraged trading pairs, ect. All of this is difficult to land before the implementation of cross-chain, but after the cross-chain, all become possible.


About SIT on Binance Smart Contract


SIT Smart Contract Address: 0x27db5261Dd23Aca86000bBAf4Cb120b5DD5DD569

Silicoin NFT Contract Address: 0xbCCB20A7CFc41552D8E6B3f181352E14c4C70dE4

Silicoin DAPP Link: https://nft.sitnetwork.org


About FuturesCash


Finally, let's briefly introduce our partner, FuturesCash cross-chain Wallet has a wider range of applications, better cryptocurrency circulation, and as always, a user-friendly interface. With upcoming new features, it will provide users with a unique experience.


FuturesCash, FC Multi-chain Wallet, focuses on the financial management function of cryptocurrency, and its three features are popular among 500,000 users around the world:

  • Mobile phone number opens an account in one minute

  • Ultra-low commission directly connected to DeFi trading platform

  • Support USDT-TRC20, BNB and other dozens of hot assets


About the Futures of foundation and FuturesCash, olease see the official account below for more information: https://futuresfoundation.medium.com/


Download

  1. Search for "FuturesCash" in App Store or Google Play

  2. Open the official website with a browser on an Android phone https://futures.cash

How to transfer your SIT to BSC


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4 commentaires


Mariusz Kloc
Mariusz Kloc
24 juin 2022

Literally, no one knows what you guys are doing. You give JUST ONE WEEK to transfer founds to some wallet or coins may be lost. WTF? This is huge lack of respect to us. Except this you create such problems: I transferred my SIT to FuturesCash via sit network and it is deposited there. That poor instruction below describes something else How to transfer your SIT to BSC


https://support.futures.cash/hc/en-us/articles/4852343607065-How-to-make-a-cross-chain-transfer

There is an info about withdrawl from SIt network (all happens in the FC wallet) to BEP20 network but no one knows anything about it. FuturesCash says only that you need BEP20 address, WHERE TO GET IT? Create another futurescash wallet??? Crazy


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KillaBitz
KillaBitz
28 juin 2022
En réponse à

I don't think you should be using the BEP20 version

They are moving to ETH not BSC.

J'aime

Mariusz Kloc
Mariusz Kloc
23 juin 2022

I don't get it why you deleted my comment. It was just a question about the deposits to FuturesCash which is unclear right now (2 networks, transfer between them are impossible, there is an information that you cant send Sit to yourself, I tried from Sit network to Bep20).

J'aime
KillaBitz
KillaBitz
28 juin 2022
En réponse à

I don't think you should be using the BEP20 version

They are moving to ETH not BSC.

J'aime
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