Guide How to use RenBridge on Fantom

Published on: 29.05.2021
Guide How to use RenBridge on Fantom

Fantom introduced Guide how to use RenBridge to transfer BTC, ZEC, BCH, and DOGE (and others) to Fantom.

Make sure to have Metamask installed and that you set it up to work with Fantom.

1. Connect Metamask, select the origin network and Fantom as a destination.

2. Use the calculator to estimate the fees you will incur.

3. The deposit address is only open for 34 hours. After that you need to generate a new one.

4. Send BTC to the address displayed.

5. Once the transaction is broadcasted to the blockchain, it will show up in the interface.

6. Mint renBTC on Fantom.

7. Done!

8. Ren token contracts on Fantom

BTC 0xDBf31dF14B66535aF65AaC99C32e9eA844e14501

BCH 0xc3fEd6eB39178A541D274e6Fc748d48f0Ca01CC3

DGB 0x2628568509E87c4429fBb5c664Ed11391BE1BD29

DOGE 0xcE829A89d4A55a63418bcC43F00145adef0eDB8E

FIL 0xc4Ace9278e7E01755B670C0838c3106367639962

LUNA 0x7c7DAAF2dB46fEFd067f002a69FD0BE14AeB159f

ZEC 0x31a0D1A199631D244761EEba67e8501296d2E383

 

What is Ren?

Ren develops open protocol providing access to inter-blockchain liquidity for all decentralized  applications.

What is Fantom?

Fantom is a fast, scalable, and secure layer-1 EVM-compatible platform built on a permissionless aBFT consensus protocol. On Fantom, transactions are confirmed in 1 second and cost a fraction of a cent. Speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world uses. Enterprises and government offices seeking digital transformation have also adopted Fantom technology.

📰 INFO:

https://fantom.foundation/blog/how-to-use-renbridge-on-fantom/

Market Stats:
BTC Dominance: 56.86%(+0.01%/24h)
ETH Dominance: 11.91%(-0.08%/24h)
Defi Market Cap: $108.24B(-6.90%/24h)
Total Market Cap: $3275.85B(+0.23%/24h)
Total Trading Volume 24h: $139.14B(-7.86%/24h)
ETH Market Cap: $390.18B
Defi to ETH Ratio: 27.74%
Defi Dominance: 3.16%
Altcoin Market Cap: $1413.36B
Altcoin Volume 24h: $81.17B
Total Cryptocurrencies: 33284
Active Cryptocurrencies: 10606
Active Market Pairs: 96973
Active Exchanges: 779
Total Exchanges: 9871
BTC: 94038.9$(-0.14%/1H)
ETH: 3239.16$(0.07%/1H)
AVAX: 36.22$(0.23%/1H)
BNB: 692.16$(0.11%/1H)
MATIC: 0.45$(-0.22%/1H)
FTM: 0.7$(-0.17%/1H)
ADA: 0.92$(-0.03%/1H)
DOT: 6.65$(-0.02%/1H)
UNI: 13.59$(-0.1%/1H)
CAKE: 2.32$(0.19%/1H)
SUSHI: 1.45$(0.01%/1H)
ONE: 0.02$(0.02%/1H)