Summa Hosts World’s First Cross-Chain Auction

We are excited to host the the world’s first cross-chain auction on November 15, 2018 at 10am PT. Our auction will allow participants to bid on the Ethereum Blockchain using Bitcoin for a chance to secure one of 10 limited-edition Summa non-fungible tokens (NFTs). These non-fungible tokens will be distributed solely as a means to commemorate participation in the first cross-chain transaction of its kind. No other Summa tokens exist and no more than 10 will be created for this event. These non-fungible tokens will be minted during the auction as a fun and exciting proof of participation.

At Summa we envision a future where liquidly traded instruments naturally dampen unnecessary volatility, allowing cryptocurrency to become a more viable part of portfolios for businesses and speculators globally. Proper risk-management tools will enable institutions and investment banks to more readily invest in the crypto space, leading to a broader and more globally-accepted cryptocurrency ecosystem.

This auction represents the first proof-of-concept for our upcoming suite of cross-chain financial products. Summa’s technology uses a first-of-its-kind series of smart contracts that enable cross-chain transactions between Bitcoin, Ethereum, Litecoin, and Zcash. Our product offerings will help mature the cryptocurrency financial landscape by allowing users to express cryptocurrency price sentiment and manage portfolio risk and volatility.

To learn more about the auction and be among the first 10 people globally to participate in a cross-chain auction, visit: auction.summa.one

Read the Technical Post

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Summa is a provider of atomic cross-chain financial contracts. The company is led by a team of blockchain experts who have founded, contributed to, and advised on many of the most predominant projects in the space. Summa investors include Polychain Capital, INBlockchain, and Kilowatt Capital.