Effect Network partners up with pNetwork and releases the EOS-BSC bridge

The first pNetwork-powered bridge between EOS and Binance Smart Chain has been launched for the EFX token as part of the collaboration between Effect Network and pNetwork. All Effect users and token holders are now able to make use of the bridge interface and move the EFX token across blockchains.

We are pleased to announce the official release of the very first two-way bridge between EOS and Binance Smart Chain (BSC) that allows for cross-chain interactions. This blockchain architecture enables the community to enjoy DeFi opportunities on BSC by ensuring the smooth and convenient transactions of Effect’s technology from one chain to the other.

When it comes to bridges, pNetwork is an extremely beneficial partner. Their cross-chain solution allows to seamlessly travel from one blockchain to another. pNetwork already supported both EOS and BSC, but the collaboration enabled the launch of a new direct EOS-BSC bridge. In this joint effort, pNetwork was able to assist in the deployment of a bridge system for the two chains, allowing Effect Network to be the first project to start on that connection. The pNetwork technology, also known as pTokens, allows the two blockchain protocols to communicate with one another.

Within this partnership, pNetwork developed the setup of the bridge and the integration in the pTokens dApp. This enabled Effect Network and its dApps to connect to BSC. Effect Network has also developed a custom bridge interface using the pTokens technology. Using the pTokens technology, Effect Network was able to create its very own custom bridge interface. Additionally, a liquidity pool was established, that allows customers to buy EFX with BNB directly on PancakeSwap. On Friday, May 21st, the pool was opened to the public.

We are happy to become Effect’s chosen solution for their cross-chain expansion plans. pNetwork aims to enable the frictionless movement of assets among different networks for communities to seize opportunities and grow their projects.

Thomas Bertani — Project Lead at pNetwork

We’re happy to be working with such an experienced partner for creating the basis of the EFX token bridge. pTokens has established itself as a very professional and user-friendly solution. Next to that, the use of trusted computing makes their network extremely secure. As we’re planning to build our technology across multiple chains going forward, it’s clear that this collaboration will be a very important one.

Jesse Eisses — CTO at Effect Network

About pNetwork

pNetwork is the underlying architecture for pTokens, a cross-chain system enabling assets to move frictionlessly from one blockchain to another. Currently, pTokens enables transparent interaction among major blockchain protocols, including Bitcoin, Ethereum, EOS and Dogecoin. pNetwork is the progressively decentralized governance layer operating the pTokens bridges and pNetwork Portals. It is home to the pNetwork DAO and the ecosystem’s governance token PNT. For more information, visit https://p.network/.

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About Effect

The Effect Network is the world’s first Blockchain-based framework for the Future of Work, providing enterprises with access to a global, on-demand, 24x7 scalable WorkForce. The main goal of Effect Network is to create a platform that will encourage automation in digital processes and provide opportunities for fairly paid work to humans all over the world. The platform is set to be the most democratic, accessible, and user-friendly solution than any other platform to date. Combining human intelligence, blockchain, and machine learning will help to lead the fourth industrial revolution and forever change the way we work together. For more information, visit https://effect.network.

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