Bridge

Bridge AmerG from Ethereum Mainnet to Binance Smart Chain BSC.

AmerG Locked on Ethereum network Balance = 7000 $AmerG StableCoin

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AmerG Locked on BSC network Balance = 7000 $AmerG StableCoin

Attention all crypto enthusiasts! We are excited to announce the launch of a revolutionary new cross-chain solution for the AmerG stablecoin between the Ethereum and Binance Smart Chain networks!

With this new cross-chain bridge, you can now lock your AmerG in the Ethereum network and receive them in just 24 hours on the Binance Smart Chain network.

To clarify, we would like to inform our users that the current cross-chain transfer process for AmerG is handled manually, and we are actively working to automate this process to improve efficiency and user experience. If you have any questions or concerns, please do not hesitate to contact our customer support team for assistance. Thank you for your understanding and support as we strive to provide the best possible service for our users.

Bridge Address: https://etherscan.io/address/0x2ea2301633ea1881d205971c612b3dfb31692ef2

1. Locking AmerG on the Ethereum Network:

   • Users who wish to participate in the bridge process would Lock their AmerG stablecoins to a specified Ethereum smart contract address. These tokens would be locked within the contract and held securely.

2. Generating AmerG on the BSC Mainnet:

   • Once the AmerG tokens are locked on the Ethereum network, an equivalent amount of AmerG tokens would be generated on the BSC mainnet manually.

   • This generation process would be triggered by an event on the Ethereum smart contract, indicating that AmerG tokens have been successfully locked.

3. Balance Synchronization:

   • To ensure that the balance of generated AmerG on the BSC network never exceeds the locked AmerG on the Ethereum network, a mechanism would be implemented.

   • This mechanism could involve tracking the locked AmerG balance on the Ethereum network and updating the generated AmerG balance on the BSC network accordingly.

   • Whenever there is a change in the locked AmerG balance, the corresponding adjustment would be made to the generated AmerG balance on the BSC network.

4. Security and Transparency:

   • To maintain transparency, users should be able to verify the locked AmerG balance on the Ethereum network as well as the generated AmerG balance on the BSC network through publicly accessible blockchain explorers.