Exploring SpaceGate - The Cross-chain Bridge for Seamless Transfers

In the rapidly evolving world of blockchain and decentralized finance (DeFi), interoperability has become a crucial aspect. This has driven innovation and expansion of the digital asset ecosystem, paving the way for the emergence of SpaceGate - a cross-chain bridge enabling seamless transfer and conversion between multiple networks.

Coin98 Wallet

Published Aug 11 2023

Updated Aug 11 2023

3 min read

What is SpaceGate?

SpaceGate, developed by Coin98, is a cutting-edge cross-chain bridge that enables seamless asset transfers across diverse blockchain networks. Initially, the concept behind SpaceGate involved the integration of various existing bridges like Binance Bridge, WormHole, and Avalanche Bridge.

Utilizing advanced algorithms, SpaceGate guarantees the utmost security and integrity of all transactions made on its platform. Its versatility supports a wide range of blockchains, including Ethereum, BNB Smart Chain, Solana, Polygon, and TomoChain, with more chains set to be included soon.

Currently, SpaceGate allows users to convert C98 and TOMO tokens using the following bridges:

C98 (Solana) <> C98 (Ethereum) <> C98 (BNB Smart Chain) <> C98 (TomoChain)

C98 (Ethereum) <> C98 (Polygon) <> C98 (BNB Smart Chain)

TOMO (Ethereum) >> TOMO (TomoChain)

In the next stage, SpaceGate will be transformed from a cross-chain bridge into a cross-chain swap platform enabling users to securely and conveniently swap tokens A on blockchain 1 for token B on blockchain 2.

Why Should You Use SpaceGate?

Whether you're new to DeFi or a seasoned DEX expert, harnessing the power of SpaceGate on Coin98 Super App or Coin98 Extension offers a myriad of compelling advantages. Here are some key benefits that are sure to captivate you:

Simplified and User-Friendly Interface: The user interface has been meticulously optimized, and processes are thoughtfully arranged, enabling users to navigate seamlessly while executing transactions. With a straightforward touch of the 'Swap' button on the main screen, users can effortlessly commence token conversions.

Time-Saving Transactions: Converting tokens between different chains conventionally involves intermediaries like centralized exchanges (CEX). This process, which normally requires multiple steps, usually entails account creation, KYC verification, token deposit, market selection, order placement, waiting for the execution, then withdrawal. With SpaceGate, users are able to directly convert assets within the Coin98 wallet without any intermediaries and the execution takes only 2-5 minutes.

Optimized Gas Fees and Speed: One of the standout advantages of swapping on Coin98 is the optimization of gas fees and transaction speed. Users have the flexibility to adjust gas fees according to their preferences. Moreover, Coin98's default gas fees are already optimized, ensuring transactions are conducted at the most cost-effective and swift rates.

Native Asset Accessibility: SpaceGate's cross-chain bridge stands out by directly offering native tokens instead of wrapped tokens. This approach capitalizes on the inherent strengths of native assets, and enhanced security. Users can now confidently and conveniently embrace their preferred blockchain, assured of a seamless experience.

How to Use SpaceGate: A Step-by-Step Guide

Option 1: Use Coin98 Super App

Before we begin, you need to install or update Coin98 Super App to the latest version:

iOS: https://ios.coin98.com

Android: https://android.coin98.com

Step 1: Open Coin98 Super App, then select Swap, choose SpaceGate (Multi-chain).

Step 2: Choose an asset, blockchains & corresponding wallets.

Step 3: Input (or scroll) the amount you want to convert. Then, click Convert and Done to execute your order.

Convert assets via SpaceGate on Coin98 Super App

Option 2: Use this link to install

Step 1: Choose a token/coin, blockchain you want to bridge to TomoChain & corresponding wallets.

Step 2: Input (or scroll) the amount of coins/tokens you want to bridge. Then, click Convert.

Step 3: After that, there will be a Confirm button. You need to select Done to execute your order.

Note:

In order to use the cross-chain bridges, users need to pay an amount of protocol fees, bridging fees and network fees. Please check the fee

Coin98 always wants to make sure all the transactions are secured. Thus, each asset will have its limit amount. For C98, you can convert at least 10 C98 and 50,000 C98 at a maximum of once.

About Coin98 Super App:

Coin98 is the #1 crypto super app designed to seamlessly connect a billion users to the crypto world safely and securely.

We offer users across the globe a comprehensive and trusted ecosystem of essential services, including but not limited to a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.