OccamRazer will be hosting the initial decentralized exchange offering (IDO) for MicroChains, the first cross-chain bridge on Cardano to enable mainstream cryptocurrency assets such as Bitcoin (BTC), Ether (ETH), Tether (USDT), USD Coin (USDC), Wrapped Bitcoin (WBTC) and more to migrate to Cardano. The MCG token will launch on August 1, 2022; users can expect it to appear on two tier-one centralized exchanges in the same week.
MicroChains offers a more secure cross-chain bridge built on Cardano; it empowers multichain and multi-layer functionality with complete centralized and decentralized cross-chain services. Currently, MicroChains support seamless mutual crossover among four chains, including Bitcoin, Ethereum, Cardano and Milkomeda. Also, more chains like BNB Chain, Avalanche and Polygon will be supported very soon.
MicroChains’ mission is to have “The power to bridge more emerging chains,” and provide highly secure cross-chain experiences for emerging chain projects and blockchain users. Through the VoMEN Network security solution, which ensures the verification of multiple and enhanced node networks, MicroChains assures its users the highest levels of security. Furthermore, the project is backed by reputable investors and partners such as Shima Capital, Dutch Crypto Investors, Huobi Trust, Cardano Feed and more.
Given its focus on bringing Cardano forward and improving interoperability between blockchains, MicroChains’ decision to host its IDO on the OccamRazer platform comes as a natural step. OccamRazer has secured its place as one of the leading launchpads on Cardano and beyond, continuing to hold its strong Cardano affiliation through projects launching on the platform.
“We’re looking forward to lending the OccamRazer platform for the launch of the MCG token. MicroChains’ strong emphasis on security, interoperability and, of course, their desire to enhance Cardano’s network and capabilities serve as powerful synergies between our projects,” said Michael, core contributor at Occam DAO.
MicroChains, an easy-to-access and easy-to-use bridge for all other projects and users, will launch the MCG token on August 1, 2022, at 10 am UTC, on OccamRazer. The same week, the token is expected to appear on two tier-one centralized exchanges.
The token’s utilities include protocol governance, such as modification of parameters, public chain support, token support, disposal of treasury funds and fee allocation. Furthermore, it will act as an incentive for early adopters and liquidity providers.
“We believe that Cardano is still in its early decentralized finance stage, and our focus on this ecosystem has undoubtedly helped solidify the decision to launch MCG on OccamRazer. The developments that Occam.fi has already brought to Cardano are noteworthy, and we’re happy to collaborate together to continue enhancing this network,” said Romain Caillet, chief media officer of MicroChains.
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