SWFT Bridge Allows FTM Transactions with Other Cryptos

The SWFT blockchain called the SWFT AllChain Bridge has now assimilated the Fantom Blockchain into its ecosystem. While transferring stable crypto coins on the Fantom Blockchain, users often find the transaction procedure halted midway because the user has no FTM tokens to pay for the computing energy or gas to execute any further activity. They often find that the “confirm” button for completing the transfer is not working or cannot be clicked on. The reason is, Fantom does not give its clients the option to access any supply tank for getting FTM tokens when they make their first purchase or sell on the Fantom blockchain. However, Polygon gives users access to supply vaults even in the first transaction.

There is no simple way by which one can gain FTMs on Fantom. One can purchase it from centralized crypto exchanges like the Binance blockchain, or they can borrow it from other users who might be generous enough to part with some of their FTMs. This is where SWFT Blockchain comes in. 

Fantom price prediction notes that with the Fantom blockchain connected to the SWFT blockchain, Fantom clients can purchase FTM tokens from Fantom itself by using their assets on different blockchain networks. At present, one can use more than three hundred types of cryptocurrencies on SWFT blockchain- Ethereum(ETH), Dogecoin(DOGE), Binance Coin (BNB), Chainlink (LINK) being the most popular among them. This implies that clients can transact using any of these tokens to swap across chains to purchase FTM tokens on Fantom. According to SWFT’s official website, a new user does not have to sign up. They can connect to the network on defi.swft.pro by using any of their previous crypto wallets like Metamask. Ethereum, Polygon, BSC, HECO, OKExChain, Polkadot, Tron, and Arbitrum are the other blockchain networks with which one can cross-swap to Fantom.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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