NewsCrypto.io
NewsCrypto.io

@NwcPublic

4 Tweets 30 reads Sep 30, 2021
1.
With the release of the Stellar - Polygon token bridge coming ever closer, you might be wondering:
What even is Stellar and why did we choose this chain to build our own token on? ⛓️
And what does the bridge bring for the ecosystem? 🌍
2.
From day one, the @StellarOrg blockchain was designed with nearly free and instant cross-border value transfers in mind, with many institutions adopting it for this reason.
It was launched back in 2014, and today its native XLM token has a market cap of over $6.3 billion.
3.
So why the bridge?
Stellar and Polygon have different use cases, with one focusing on value transfers with institutional adoption and the other on scaling DeFi.
The bridge will enable XLM holders to bring their tokens to Polygon and its rapidly growing DeFi ecosystem. ⚑️
4.
Basically, the motto of the bridge is simple: users don’t have to choose between the XLM token and EVM-based DeFi!
If you want to learn more, we covered both Polygon and Stellar in two of our previous FA reports.
Find them here ⬇️
newscrypto.io

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