A Guide On Using Ontology Network Bridge

Published on: 12.03.2022

Ontology Network’s EVM has been launched successfully and here’s how to use the platform’s token bridge. Ontology provides the guide for bridging your tokens from OEP-4 tokens to ORC-20 tokens.

Currently, users are able to bridge their ONT, ONTd and WING tokens. In addition, they can wrap ONG to wONG.

HERE’S THE FULL GUIDE ON HOW TO USE ONTOLOGY BRIDGE

  1. Open the Ontology Bridge website and click Connect Wallet in the upper right corner.
  2. Click to connect a Non-EVM Wallet and an EVM Wallet respectively. Once connected, you should see your wallet address displayed.
  3. Select the asset to be exchanged and/or converted from an OEP-4 token to an ORC-20 token as displayed below:
  4. Click the Swap button and the following confirmation box will pop up. Click Confirm to complete the exchange of OEP-4 to ORC-20. If the exchange is successful, a successful exchange prompt box will pop up.
  5. An ORC-20 token being exchanged for an OEP-4 token is displayed below

This requires the Approve operation first. After the Approve is successful, the process is the same as the OEP-4 token exchange for the ORC-20 token as described above.

ONG TRANSFER

Exchange of ONG between Ethereum account address and Ontology account address. ONG can exist in both the Ontology account address (address starting with A) and the Ethereum account address (address starting with 0x). The function of this is to facilitate developers to transfer ONG in different account addresses to each other.

GUIDE:

  • Open the Ontology Bridge website and connect to the wallet
  • Click the ONG Transfer button as shown in the figure below
  • The following two pictures show ONG transfers between different types of addresses. Of course, transfers between the same types are also possible.

WRAP ONG=$wONG

WONG to ONG is just like WETH to ETH.

  • Open the Ontology Bridge website and connect to the wallet
  • Click the ONG Wrapper button, enter an amount, and then click Wrap button
  • Click Confirm button in the pop-up window, and then confirm the transaction in the wallet pop-up window
  • After the Wrap is successful, click View History button to view transaction history, then click the transaction to view the relevant transaction details page.

You can now bridge tokens between the main Ontology blockchain and the Ontology EVM.

ABOUT Ontology Network
Ontology is a high performance, open source blockchain specializing in digital identity and data.

Website | Twitter

RESOURCES
Medium

Market Stats:
BTC Dominance: 58.95%(-1.45%/24h)
ETH Dominance: 12.97%(-0.18%/24h)
Defi Market Cap: $69.53B(+5.14%/24h)
Total Market Cap: $2331.72B(+1.09%/24h)
Total Trading Volume 24h: $98.37B(+15.84%/24h)
ETH Market Cap: $302.46B
Defi to ETH Ratio: 22.99%
Defi Dominance: 2.85%
Altcoin Market Cap: $957.06B
Altcoin Volume 24h: $48.13B
Total Cryptocurrencies: 32011
Active Cryptocurrencies: 9933
Active Market Pairs: 88514
Active Exchanges: 759
Total Exchanges: 9501
BTC: 69484.12$(0.18%/1H)
ETH: 2511.2$(0.04%/1H)
AVAX: 24.8$(0.05%/1H)
BNB: 572.4$(0.09%/1H)
MATIC: 0.32$(0.08%/1H)
FTM: 0.64$(-0.05%/1H)
ADA: 0.36$(-0.05%/1H)
DOT: 3.9$(-0.06%/1H)
UNI: 7.58$(-0.13%/1H)
CAKE: 1.73$(0.13%/1H)
SUSHI: 0.67$(0.12%/1H)
ONE: 0.01$(0%/1H)