Bridging the Gaps with MultiBridge

4 min readMar 29, 2021

The DeFi sector has been growing rapidly over the past year. With each successful test cases, a new pain point was discovered. One of the most major flaws uncovered, was the rising gas fees on the Ethereum Protocol.

With high Ethereum gas fees becoming a barrier for new innovation and challenge for trading, we have seen the traffic diverting towards other protocols like Binance Smart Chain. With a huge increase in BSC projects paving the way, there has been many likeminded projects already on Ethereum searching for alternatives.

Bridge of Troubled waters

A Binance Bridge represents the only current solution that’s working. As the inherent nature of BSC is centralized, the backlog for the creation and/or swaping Ethereum for Binance Smart Chain is growing longer. The MultiBridge team has identified the trend and believes that the demand for such a space will only grow further as the upcoming Polkadot blockchain and Dfinity blockchain continues to gain traction.

MultiBridge aims to be a decentralized application that offers to-and-fro migration between Ethereum, Polkadot and the Binance Smart Chain(Further support for Dfinity in the future). As the nature of the solution will be decentralized everyone will be able to create their token on a desired chain easily with little or no down time.

MultiBridge Roadmap

Native Token: mBRIDGE

mBRIDGE is the governance and utility token of MultiBridge. With current key focus on Bridge Fee Sharing, Governance, Farming, staking, insurance and a venture into NFTs.

Utilizing Oxbull.Tech’s launching platform, MultiBridge aims to raise 1,600BNB.

Tokenomics

IDO Approach on Oxbull.Tech

mBRIDGE Presale price: 1BNB = 1,000 mBRIDGE
mBRIDGE listing price: 1BNB = 920 mBRIDGE
Listing on the 3rd April, 1600 UTC
50% of the token will be released on listing day on MultiBridge’s website, with the remaining 50% to be released after 1 month.
View the Guide on how-to here

With an updated approach to Oxbull.Tech’s IDO model, Pre-sale would be categorized into 3 groups:

Tier 1: Guaranteed

Tier Allocation: 1,450 BNB

For a Guaranteed participation of the mBRIDGE IDO, Investors would be required to already be STAKING THE EITHER before 0000 Coordinated Universal Time(UTC), 29th March 2021:

OXB/BNB LiquidityPool with more than 4,000 OXB staked continuously prior to project launch

OXB-OXB farm with more than 8,000 OXB staked continuously prior to project launch

Will have 9 hours guaranteed buying time on the 2nd April 1600 UTC onwards.

Contributions will be minimum 2 BNB, Max 5.5 BNB per address.

Each qualified address will only be eligible for ONE transaction.

Tier 2: Shortlisted

Tier Allocation: 100 BNB

Investors currently STAKING a minimum of 4,000 OXB in the OXB/OXB farm prior to listing to be qualified for the Shortlist participation.

Qualified investors shall have buying time on the 3rd April 2021 between 1400–1430 UTC on a FIRST COME FIRST SERVE (FCFS) basis.

Contributions will be minimum 1 BNB, Max 3.5 BNB per address

Each qualified address will only be eligible for ONE transaction.

Tier 3: Public Sale Rapid Fire [UPDATED]

Tier Allocation: 50 BNB

The Public shall have buying time on the 3rd April 2021 between 1430–1500 UTC on a FIRST COME FIRST SERVE (FCFS) basis.

There will be no Staking required, and no twitter whitelisting process.

Contributions will be minimum 0.5 BNB, Max 2 BNB per address

Each address will only be eligible for ONE transaction.

MultiBridge’s Pitch Deck available to view here.

To learn more about the project, visit:

Twitter: https://twitter.com/Multi_Bridge
Telegram: https://t.me/multibridge
Github: https://github.com/zer0chan1
Website: https://multibridge.org/#

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