Cronos launches IBC bridge with Akash chain (AKT token)

Today we are excited to announce the launch of an IBC channel between Cronos and Akash, to facilitate cross-chain AKT token transfers in a decentralized manner.

As an EVM-compatible chain built with the Cosmos SDK, Cronos is uniquely positioned to connect the Ethereum and the Cosmos ecosystems. Cronos has enabled Inter-blockchain Communication Protocol from Day One, and has enabled 4 IBC bridges:

• Crypto.org <> Cronos (CRO token)
• Cosmos Hub <> Cronos (ATOM token)
• Terra <> Cronos (LUNA token)
• Akash <> Cronos (AKT token)

How will you bridge AKT from Akash to Cronos on the Cronos bridge web app at https://cronos.crypto.org/bridge ?

Pre-requisites

You need to have self-custody crypto wallets on the sending chain (Akash) and on the destination chain (Cronos).

On Aksh

On the Aksh side, the bridge web app supports Keplr (link to Chrome browser extension).

You need to follow these steps:

• Open Keplr
• Click the account icon
• Click “Add account”
• Click “Import existing account”
• Enter seed phrase and create password

On Cronos

On the Cronos side, you can receive your AKT on any address that you control. We recommend the Crypto.com Defi Wallet (link) together with its browser extension (link) or alternatively you can use the MetaMask wallet (link). Cronos addresses start with “0x”.

If you are using MetaMask and haven’t interacted with Cronos before, please follow the step-by-step guide on how to configure MetaMask for the Cronos chain.

But remember ! Never enter the deposit address of a centralized exchange, otherwise your funds will be lost. Only enter addresses that you control via a self-custodial wallet.

How to bridge AKT to Cronos?

Go to Cronos Bridge Web App, and follow the steps below:

Step 1: Select Akash network as the origin, and Cronos as the destination. Connect Keplr wallet

You may be asked to approve the connection like so:

Step 2: Enter the destination Cronos address or, more easily, click “Connect second wallet” in order to connect your Crypto.com Defi Wallet or MetaMask wallet on the Cronos chain.

Now, the destination address should start with 0x and your screen should look like this:

Step 3: Select AKT under Assets

Step 4: Enter the amount you that would like to bridge and click “Transfer assets”:

Step 5: Confirm the transaction

Once deposit is confirmed, Cronos Bridge will start the transfer. The web interface shows the successful transfer initiation from the origination chain.

You will need to check the destination wallet (Crypto.com DeFi Wallet or MetaMask) to see when your funds are available on the destination chain. It usually takes about a minute.

Can’t see your AKT in MetaMask (Cronos)? Make sure to connect MetaMask to Cronos and to import the AKT token using its official address on Cronos: 0x39a65A74Dc5A778Ff93d1765Ea51F57BC49c81B3

If you think that you have identified a bug in the bridge web app, please contact support.bridge@crypto.org.

Now what?

You will be able to trade, lend, borrow, and invest your AKT on VVS and other projects of the Cronos ecosystem!