ORBS token available on TON Blockchain Via Orbit Bridge and Megaton Finance DEX

Eran Peled
Eran Peled

|

a month ago

blog

In an exciting development for the Orbs project, the ORBS token has been added to the Orbit Bridge, which supports 19 different chains, including TON (The Open Network).

In addition, Megaton Finance has announced Orbs as an official launch partner to its much anticipated AMM-DEX on TON, planned to launch in January 2023!

Both these integrations mean that the ORBS token can now be bridged to the TON blockchain with liquidity pools and swap functions coming very soon!

Orbs Added to Orbit Bridge

Orbit Bridge by Ozys is an interchain communication protocol that allows communication between heterogeneous blockchains using Inter-Blockchain Communication (IBC) technology.

Learn more about Orbit Bridge here.

Orbit Bridge IBC allows different blockchains to communicate with each other using Orbit Chain. Through this, users can utilize the various assets of various chains in all dApps through simple transactions on each chain:

  • Sending cross-chain data between heterogeneous chains: Users can send assets or data to any chain connected to Orbit Bridge.
  • Trustless, Secure Multiple-Signature Verification: All consensus happens on-chain, and all authority throughout this process is decentralized.
  • Fast, Secure Consensus Process: The consensus process is smart contract-based and goes through Orbit Chain.

To date, the Orbit Bridge has processed more than $12B in total bridge volume, holds almost $200M in TVL and is connected to 19 different networks with 85 tokens supported.

Dashboard

Orbit Bridge has recently announced that it has added support to TON (The Open Network).

This means that the ORBS token is now available for the first time on the TON blockchain!

TON

Official Launch Partner of Megaton Finance

In addition to being added to the Orbit Bridge, Megaton Finance is announcing Orbs as an official launch partner of its much anticipated DEX-AMM protocol on TON.

With the project launch, the ORBS token will be listed on Megaton Finance, including liquidity pools and other functionalities!

Megaton Finance aims to become a link that connects the TON blockchain to the DeFi ecosystem by connecting it with other Layer 1 chains, such as Ethereum. Coming in January 2023, Megaton Finance is planned to be the first autonomous financial protocol within the TON network that provides yield farming opportunities such as swaps and pair deposits.

Megaton

Megaton Finance plans to become more than only an AMM mechanism protocol that provides revenue, its goal is to be the main gateway to Web 3.0 through continued upgrades and integration with Telegram in the future.

Solidifying Orbs Presence on TON

The expansion of the Orbs network to The Open Network (TON) ecosystem was recently announced.

As an L3 infrastructure layer, Orbs can serve as a key TON ecosystem participant that is implementing new L3 use cases for protocols running on top of TON. The emerging TON ecosystem has much room for Orbs’ innovations and huge potential for capturing exciting opportunities and becoming the first movers.

TON2

Two services using Orbs’ technology were recently launched on TON: TON Minter, named the official tool for deploying Jettons (alt tokens) on TON, and TON Verifier, an open-source application to publish verified source code for on-chain contracts on the TON chain powered by Orbs.

This latest integration of Orbs by Orbit Bridge and the upcoming listing and liquidity pools of ORBS on Megaton Finance will further solidify the Orbs community’s presence on the TON blockchain as a major contributor to the TON ecosystem.

Ozys: Leading in Blockchain Innovation

Ozys is a leading blockchain technology company based in South Korea.

Ozys’ vision is to be a leader in changes and innovation in the blockchain space with various activities such as:

  • Propose standardized specifications for fragmented blockchain systems through cross-chain technology.
  • Establish a transparent and decentralized trust-based autonomous financial system.
  • Contribute to popularization of blockchain-based autonomous financial systems.

Ozys is the main contributor to the Orbit Bridge and the upcoming Megaton Finance DEX on TON. In addition, Ozys’ boasts several other flagship protocols such as Meshswap and KLAYswap.

Similar to Orbs, Ozys recognizes TON’s potential to advance blockchain technology mainstream adoption, and Orbs is excited to collaborate with such a strong player in the space.

About Orbs

The Orbs Network is an open, decentralized and public blockchain infrastructure executed by a secure network of permissionless validators using Proof-of-Stake (PoS) consensus.

Orbs is set up as a separate decentralized execution layer operating between existing L1/L2 solutions and the application layer, as part of a tiered blockchain stack, without moving liquidity onto a new chain. Orbs acts as a “decentralized backend”, enhancing the capabilities of existing smart contracts and opening up a whole new spectrum of possibilities for Web 3.0, DeFi, NFTs and GameFi.

Orbs was founded in 2017 and launched its mainnet and token in March of 2019. Orbs is being developed by a team of more than 30 people, with offices in Tel Aviv, London, New York, Tokyo and Seoul.

For more information, please visit www.orbs.com, or join our community at:

We use cookies to ensure that we give you the best experience on our website. By continuing to use our site, you accept our cookie policy.