[Announcement] Journey to Web3 — AUC Bridge is LIVE
Today we are excited to announce to the community the opening of a multi-chain bridge to increase the utility of the AUC token.
In the rapidly evolving landscape of blockchain technology, interoperability has emerged as a cornerstone for the growth and expansion of decentralized ecosystems. Advanced Project recognizes the vital importance of enabling seamless communication and interaction across diverse blockchain networks.
Currently, the AUC token is an Ethereum-based token that serves as the native utility for various services within the Advanced Project ecosystem, including payments, transfers, staking, and rewards. To expand the ecosystem globally, we want to integrate LayerZero technology to bridge the token between multiple networks such as Avalanche and BASE to improve liquidity, usability, and user experience.
The AUC Bridge is a cross-chain solution designed to extend the Ethereum-based AUC governance token to various blockchain networks. Utilizing LayerZero technology, the solution provides the ability to seamlessly transfer AUC tokens on the Ethereum network to AUCA on the Avalanche chain and AUCB tokens on the Base chain.
AUC Bridge Website: https://auc-bridge.vercel.app
Cross-Chain Scalability: The AUC Bridge goes beyond merely transferring tokens from one chain to another. By expanding the utility of AUC tokens across multiple networks, it enhances the overall ecosystem’s flexibility and interoperability. This ensures that AUC governance tokens can be utilized uniformly across various chains.
Utilizing LayerZero Technology: At the core of the AUC Bridge is LayerZero, an interchain protocol that supports seamless communication between blockchains. Through LayerZero, users can freely transfer AUC, AUCB (on Base chain), and AUCA (on Avalanche chain) tokens among these networks, providing an efficient and secure transfer environment. LayerZero’s ultra-light node structure enables cross-chain transfers without the need to validate entire blockchain nodes, relying only on essential information.
Seamless Token Transfers: Powered by LayerZero technology, the AUC Bridge simplifies cross-chain token transfers, allowing users to move tokens between chains with ease. For instance, users holding AUC tokens can convert them into AUCB tokens on the Base chain or AUCA tokens on the Avalanche chain, enabling them to interact with various dApps on these networks.
The AUC Bridge allows users flexibility to operate across multiple blockchain ecosystems by increasing the interoperability of tokens across chains, further expanding the value and utilization of AUC tokens.
