Launching Allbridge IDO At Boca Chica

Allbridge is launching its token $ABR on September 21 with the help of its partners at Boca Chica, a Solana-based launchpad. 

Allbridge is very thankful to the community for their interest in seeing the token ABR launched.

Allbridge makes cross-chain access very affordable since its fees are very low. With the help of a clear and intuitive interface, our users are able to quickly send transfers in a matter of few clicks. What makes Allbridge so unique is the fact that it allows others to connect blockchains and tokens to our bridge by the means of staking our token. With the rollout of validators, on-chain consensus will be introduced, making the transaction verification quick and transparent.

Allbridge has been demonstrating some incredible numbers ever since it first launched.

ABR will serve an important role and will be used for adding new blockchains and tokens to Allbridge. ABR stakers would benefit from the reduced bridge fees. To join the bridge, blockchain teams would be required to stake a certain amount of ABR, whilst those who are interested in seeing their tokens added to the bridge would have to stake AND pay additional maintenance fees. In the future, when validators will be introduced to the bridge, they will be responsible for verifying the transactions. To become a validator, one would have to also stake a certain amount of tokens.

The launch is set to take place at Boca Chica — a premier IDO platform on Solana. Their convenient platform allows for a frictionless and secure fundraising experience and we are beyond excited to have the expertise of their backing our upcoming launch.

To wrap it up, Allbridge was extremely happy to share the news about the upcoming IDO with its community.

About Boca Chica

Boca Chica is the premier IDO platform that leverages the power of Solana blockchain and its consensus algorithm to deliver unique, frictionless, and safe fundraising avenues for retail as well as Capital Investors. Boca Chica exclusively takes under purview Solana-based projects and offers them immediate fundraising opportunities. Despite the galore of IDO platforms currently available, Boca Chica possesses stand-out qualities that set it apart from one of them being tokenless structure.

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About Allbridge

Allbridge is a modular and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.

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