Bridge to Core DAO
In this guide, we outline the best way to bridge to Core DAO, which is a an Ethereum Virtual Machine (EVM) based blockchain leveraging Bitcoin's POW for security.
Summary: The best way to bridge assets to Core DAO with a MetaMask or alternative Web 3 wallet is with the IceCreamSwap native bridge. With this method, users can easily transfer tokens like WETH, WBTC, USDC, USDT and more from popular chains like Binance (BNB Chain) and Bitgert Chain (BRISE).
Continue reading our comprehensive guide for a step-by-step overview on how to get started.
How to Bridge to Core DAO
As outlined above, the best way to bridge to Core DAO is through a trusted cross-chain DEX that supports interoperability with the Core EVM blockchain. Based on our research and analysis, we found that IceCreamSwap had the best overall user experience and lowest fees to bridge to the network.
Here is a simple 4 step guide to get started:
- Visit IceCreamSwap and connect your MetaMask Wallet.
- Select the Chain you want to bridge from (e.g BNB Chain) and Core DAO as your destination network.
- Select the token you want to bridge and the amount (e.g USDC, USDT or WETH).
- Preview the transaction and select 'Send' and the tokens will arrive in under 5 minutes.
What are the Fees to Bridge to Core DAO
The fees to bridge to Core DAO may vary depending on the network you are bridging from. This is because the gas and blockchain costs differ depending on the consensus mechanism of different blockchains. The cheapest chain to bridge from is BNB Chain, which will cost no more than $1 to transfer popular tokens like USDC and USDT.
What is Core DAO?
The Core DAO is a proposed blockchain designed to serve as the foundation of the decentralized internet, Web 3. It will use a new consensus mechanism called Satoshi Plus, which combines features of both Proof of Work (PoW) and Delegated Proof of Stake (DPoS) to ensure security, scalability, and decentralization. The blockchain will be Turing-complete and leverage the Bitcoin mining hashrate and Ethereum Virtual Machine (EVM).
The supply of Core tokens will have a hard cap of 2.1 billion and a percentage of all block rewards and transaction fees will be burned, similar to Ethereum's "Ultra Sound Money" model. The exact percentage to be burned will be determined by the DAO. The block rewards for Core will be paid out over an 81-year period to incentivize network participants and compensate miners.
Bottom Line
To sum up, bridging assets to Core DAO is simple and cost-effective using IceCreamSwap via a Web 3 wallet. It supports various tokens and chains, with fees varying by original network. Core DAO, underpinned by the Satoshi Plus consensus mechanism, is set to be a vital part of Web 3, offering enhanced security, scalability, and a unique burn mechanism for its tokens.
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