As you may know, the AIOZ Network will have its own layer1 blockchain. However, we decided to launch the $AIOZ token on the Ethereum and Binance Smart Chain in order to build up our community and to create early adoption and liquidity incentives.
The AIOZ dCDN is already working and has its own native dApp, AIOZtube, a video sharing platform with added incentives for viewers and creators. We have a lot of things planned for the future and those will take place in our layer1 blockchain. You can read more about our roadmap here.
In the meantime, we want to make sure users are able to buy, store, send and trade the $AIOZ token on both the ETH and BSC chains.
To do so, it’s also important to have a safe place to shift from one blockchain to the other.
This is more relevant now than ever due to the increasing Ethereum gas fees which can make trades and transactions quite expensive.
As so, we have decided to create a “bridge” where you can seamlessly go from one blockchain to another without any security concerns.
The $AIOZ Bridge ERC20<>BEP20 will be Live on 26 April 2021 at 08:00 AM (UTC Time) | 04:00 PM (Singapore Time).
So, let’s get started
$AIOZ Bridge Tutorial: Setting it up
Step 1: Go to AIOZ Network website: https://bridge.aioz.network/
Step 2: Click on “Swap Direction” to select the type of AIOZ token you want to swap
Put the wallet address in which you want to receive the $AIOZ tokens (please make sure that you have the address in the correct network)
eg: if the swap direction is ERC-20 → BEP20, the address must be on BSC network. If the swap direction is BEP-20 → ERC20, the address must be on Ethereum network
Step3: Click the “Create” button. a popup window will show all the swap details required for confirmation including the swap fee. Make sure to:
Read and check all the information in the list, then click the “Confirm” button. The following information will show up:
a. A QR code, representing an Input Token Type address, this address will be used to receive funds
b. The transaction Fee (in AIOZ) for each swap which will be used to pay for gas fee on the ETH and BSC networks. This fee is calculated in real-time, and will be deducted from the funds when the AIOZ Bridge transition is complete.
c. The swap History which shows the previous swaps made on the AIOZ Bridge for the specific receiver address
$AIOZ Bridge Tutorial: Swapping the $AIOZ token
Step 1: send the $AIOZ tokens to the address showing in the QR code, called the Receiving Address (Please make sure the AIOZ tokens that are sent to the Receiving Address is in the Input Token Type format, or else your funds will be lost)
Step 2: After the $AIOZ tokens are sent, wait for 12 blocks in order for the transaction to be confirmed, then click the “Check” button
If the AIOZ Bridge has confirmed the $AIOZ token transaction, the new swap, and its status will be updated
Step 3: You can click the swap to check the transaction on etherscan or bscscan
That’s it! You have now swapped your $AIOZ tokens and are free to move them around on another blockchain. Stay tuned for the live bridge announcement which will come shortly!
About AIOZ Network
AIOZ Network is a Layer-1 Blockchain-based Content Delivery Network that is about to bring a revolution to the entertainment industry.
AIOZ Network utilizes Blockchain to better content distribution through decentralisation. A distributed Content Delivery Network (dCDN) uses Nodes for storing, streaming, and transferring data instead of traditional data centers operating on a P2P model.
AIOZ Network uses a faster, cheaper, and more robust platform for content streaming making it affordable, fast, and of better quality.
By using this revolutionary technology, AIOZ Network can efficiently change the way the world streams content. Thus taking the world one step closer to the future.