The MBX Bridge is LIVE!
Head over to bridge.mobie.io right now and get started sending your MBX over to the Ethereum network for wMBX.
Important notes about the Bridge:
- At launch you will only be able to send MBX to wMBX, we will be launching the wMBX to MBX path shortly and will keep you updated on that as development progresses.
- At launch there will be a transaction cap of 10,000,000 MBX tokens, this is to ensure we do not have any volume issues with traffic on the bridge. We anticipate this transaction cap being removed quickly. **this transaction cap has been lifted as we are now out of the launch window!
- When converting your MBX to wMBX you will notice it is not a 1:1 ratio. This is because of the fee that occurs when the transaction takes place on the Ethereum network. The fee is calculated based on Ethereum gas prices (gwei) and is subject to change based on when initiated and when actioned. The price shown at the first stage of the swap is an estimate, you can confirm the fee when executing your swap.
Why use the Bridge?
- It enables frictionless trading without the need for a centralized custodian. Reduces Ethereum fees paid to move to and from an exchange to keep your tokens safe.
- You can also add your own tokens to the liquidity pool and earn a residual income from supplying it. You would need to add tokens on both sides of the liquidity pool — eg. eth/wMBX but then every time a trade occurs on the pair you get a % fee.
- Pre-Staking: We will be launching pre-staking in partnership with Ferrum later this week. The offering will support wMBX, the ERC20 token. In order to participate in staking of the MobieCoin you will need to either cross the bridge with your MBX, or acquire wMBX on Uniswap.
How To Use The Bridge
- Connect your Ethereum wallet
- Connect your Mobie wallet
- Type in the amount of MBX that you want to send across the bridge
- Confirm the fees
You will see that the screen loads again and you will be prompted to reconnect your wallets, this is correct, simply re-connect your wallets and you should see the balances populate; the timing is dependant on Ethereum network traffic.