Finance Feeds logo

ChainPort is the First Bridge to Support Permissionless Porting to Dogechain

FinanceFeeds Editorial Team

ChainPort has become the first cross-chain bridge to support permissionless token porting to Dogechain. With ChainPort’s assistance, users can easily transfer tokens from several supported blockchain ecosystems to Dogechain. 

ChainPort has become the first cross-chain bridge to support permissionless token porting to Dogechain. With ChainPort’s assistance, users can easily transfer tokens from several supported blockchain ecosystems to Dogechain. 

Supported chains include Ethereum, BSC, Polygon, and Fantom, with additional native token support to be added soon. Tokens can now be transferred across blockchains via ChainPort safely and permissionless to DogeChain. You can test it right now yourself on the bridge – http://app.chainport.io 

‘Our mission is to increase interoperability securely between as many chains as possible. As we become the first and only bridge to allow porting altcoins to Dogechain, we mark a significant milestone for our project.’ – says Erez Ben-Kiki, CEO and Co-founder at ChainPort.

Dogechain is a layer-2 solution developed for Dogecoin (DOGE) built on the Polygon Edge “private label” framework. Dogecoin holders can access smart-contract functionalities such as DeFi services, DAOs, NFTs, and gaming projects. Dogechain claims to be focused on its community with no VC allocations.

All transactions on Dogechain are settled in DOGE, with a unique DC token that will be airdropped to Dogecoin holders later this year. These DC tokens will enable users to partake in proof of stake governance on Dogechain. 

It is important to note that Dogechain and Dogecoin are not affiliated. Both projects have different development teams.  

About ChainPort  

ChainPort is a next-gen cross-chain bridge that provides custodian-level security with full interoperability. ChainPort introduces an unprecedented level of security architecture, porting tokens safely across blockchains with just a click.

95% of the funds are stored in cold storage wallets provided by leading industry security experts: FireBlocks MPC and Gnosis-safe multi-sig.

ChainPort is a permissionless bridge that is already porting more than 140 tokens between blockchains, with additional projects joining daily. Porting is done in just minutes through a straightforward UI without the need for any technical integration. 

Since its launch in 2021, Chainport has managed 35,000 ports and $500,000,000 in volume. 

Subscribe

Read this next

Retail FX

Lion launches multi-currency trading accounts powered by AI

The core advantages of multi-currency trading account services include enabling significant cost savings and higher efficiency for investors.

Inside View, Interviews

Interview: Stanislav Bunimovich on Finalto’s white label solution

To explore what makes Finalto’s white-label solutions stand out in such an incredibly competitive market, Finalto sat down with its Chief Operating Officer, Stanislav Bunimovich, for an interview. 

Digital Assets

Talos acquired Cloudwall for a better portfolio management system

Cloudwall’s additional expertise in portfolio risk systems further positions Talos at the forefront of portfolio management systems across spot, futures, perps, and options.

Digital Assets

Bybit’s Bitcoin market share explodes, up by 400%

“This milestone is a testament to our sharp trading products and the loyalty of our users. As the industry evolves, Bybit remains at the forefront, ready to set new standards in the crypto trading world.”

Bybit
Crypto Insider

Why Self-Custody is the Key to Secure Crypto Trading

Crypto trading is fast gaining popularity; as of writing, the total market capitalization stands at $2.3 trillion, double what it was at the onset of the 2021 bull market.

24.04.2024
Industry News

UK FCA sues Lee Steven Maggs for FX scam Kube Trading

‘Kube Trading’ allegedly received around £2.67 million for FX trading and concealed significant losses from investors.

Market News

AUD/USD Soars Following Inflation Report

Australia’s CPI surge hints at prolonged tight monetary policy. Watch the Aussie dollar as US economic data looms.

fXOPEN750
Institutional FX

GCEX reports drop in turnover in 2023 due to crypto winter

“The crypto winter had a huge impact across the industry, and GCEX was no exception. However, in response to the decline in revenue, we have been resilient and adaptive, navigating our costs effectively and diversifying revenue streams such as introducing staking services for institutional and professional clients.”

Lars Holst is the Founder and CEO of GCEX Group
Institutional FX

FxGrow taps Integral’s SaaS brokerage workflow

“FxGrow’s decision to partner with us is indicative of the growing advantage for brokers to leverage tier-one institutional-grade technology while maintaining control over their own platform. Integral is well-positioned to provide the SaaS solutions that will enable these businesses to better compete in the market.”

<
✖