New features: $AIRI bridge from Oraichain to BSC and the CW20 AIRI transfer are now available on OraiDEX
OraiDEX — a decentralized exchange platform powered by Oraichain, has just deployed the new features: the Token Bridge from Oraichain to the BNB network and activation of transferring CW20 tokens, including $AIRI.
The Oraichain -> BSC bridge opening
With the support from OraiDex, aiRight is gradually perfecting its ecosystem, by allowing users to exchange between BEP20 and CW20 on both ends seamlessly through the bridge feature.
How to bridge $AIRI from Oraichain to BSC:
First, Visit https://oraidex.io/ and connect both Keplr and Metamask wallet
To bridge AIRI on Oraichain to BSC, the AIRI will be transferred over the 3 steps:
CW20 AIRI on Oraichain => BEP20 AIRI on Oraichain => BEP20 AIRI on OraiBridge (a subnetwork of Oraichain executing the cross-chain token transfer) => BEP20 AIRI on BSC
Step 1: CW20 AIRI (Oraichain) => BEP20 AIRI (Oraichain)
In the Bridge section, in Oraichain column, select AIRI (Oraichain) box
Enter the amount and click “Converse to BEP20 AIRI (Oraichain)”
Step 2: BEP20 AIRI (Oraichain) => BEP20 AIRI (OraiBridge)
(OraiBridge is a subnetwork of Oraichain to support transfer token cross chain)
Still, in the Oraichain column, choose the “BEP20 AIRI (Oraichain)” box, enter the amount and click “Transfer to OraiBridge”
Step 3: Complete by transfer BEP20 AIRI (OraiBridge) => BEP20 AIRI (BNB chain)
Switch to Other chains column, select “BEP20 AIRI (OraiBridge)” box, enter the amount and click “Transfer To Binance Smart Chain”
Please wait until the transaction is done and you will see your BEP20 AIRI shown on the UI.
The CW20 AIRI transfer
Additional to the native ORAI token, now OraiDEX allows the transfer of other CW20 tokens between the Oraichain wallet addresses and AIRI is benefit from this development.
How to transfer CW20 between Oraichain wallets:
Step 1: Visit https://oraidex.io/, connect wallets and then select “Transfer CW20 Token”
Step 2: Choose the token you want to transfer, the amount, then fill in the Oraichain recipient address and click “Transfer”
About CW20 token
Similar to ERC20 on Ethereum or BEP20 on BNB Chain, CW20 is the standard token type (defined by the CosmWasm community) on the Oraichain Mainnet 2.0. When IBC-compatible assets like ATOM, OSMO or JUNO are moved to the Oraichain network via OraiDEX, they will be wrapped in the form of CW20 tokens for various usage purposes within our ecosystem.
About aiRight
aiRight is the world’s first complete system for AI x NFT x DeFi. Users can generate AI NFTs, protect origin with copyright issuance, trade and tokenize unique artworks, taking advantage of our complete royalty mechanism for contributors on-chain.
Oraichain is proud to be the ecosystem provider of aiRight: securing AI functionalities via AI Oracle, accessing Marketplace, organizing Galleries for DeFi, and cross-chain bridging for NFTs.
