Bridge is a service that allows tokens to be converted between networks. NEOPIN currently supports network conversion of NPT, USDT and ETH, and more multi-chain tokens will be supported in the future.
How it works
NEOPIN Bridge uses the mint-and-burn mechanism, where the original token is locked in the vault and a corresponding amount of the bridged token is minted.
Thus, the value of the bridged token (nToken) is pegged to the value of the original token on a 1:1 ratio.
When the nToken is bridged, the nToken is burned and the corresponding amount of the original token is unlocked and released to the user.
How to Bridge
Please see the guide below on how to bridge your tokens with NEOPIN.
[App] Bridge Guide
Easily Bridge Multi-chain Tokens
1. Go to the [Trade] tab and choose which bridge you want to use.
For NPT, USDT or ETH, choose [EVM Bridge] tab
2. Select the token you want to bridge
3. Choose a network of token to bridge from and to
- Currently available networks are Kaia and Ethereum and they are bridgeable.
- If this is the first time you are bridging on the selected network, a one-time approval is required to continue with the Bridge. >#6.-approve
4. Enter the amount to be bridged and click the [Approve] button
- When bridging, a “Transaction Fee”, “Convert Fee” and “Chain Fee” will be applied
- “Transaction Fee” is the fee for requesting a transaction and the native coin of the current network will be deducted.
- “Convert Fee” is the fee applied to use Bridge service and deducted from the total amount to be bridged.
- “Chain Fee” is the fee for transferring the token on the bridged network, and the native coin of the current network will be deducted.
5. Review the estimated summary and click the [Confirm] button to proceed with the transaction.
6. Enter the PIN Code to complete the transaction to bridge.
- There may be a waiting time due to the network situation
[Web] Bridge Guide
Easily Bridge Multi-chain Tokens
EVM Bridge
1. Select [Bridge] on the top menu > [EVM Bridge] tab
2. Select the token you want to bridge
3. Choose a network of token to bridge from and to
- Currently available networks are Kaia, Ethereum.
- If this is the first time you are bridging on the selected network, a one-time approval is required to continue with the Bridge. >#6.-approve
4. Enter the amount to be bridged and click the [Convert] button
- When bridging, a “Transaction Fee”, “Convert Fee” and “Chain Fee” will be applied
- “Transaction Fee” is the fee for requesting a transaction and the native coin of the current network will be deducted.
- “Convert Fee” is the fee applied to use Bridge service and deducted from the total amount to be bridged.
- “Chain Fee” is the fee for transferring the token on the bridged network, and the native coin of the current network will be deducted.
5. Review the estimated summary and click the [Confirm] button to proceed with the transaction.
6. Confirm the transaction on your connected wallet to complete the transaction to bridge.
