BLOX-SDK is powered by the Zilliqa blockchain for a multitude of reasons: the low transaction fees, scalability, and, most importantly, the supportive community.
A downside to this is that it limits us in scale; involving other blockchains like Ethereum is challenging without the token being available on multiple exchanges. Because $BLOX is a ZRC-2 token, it can only be listed on decentralized exchanges hosted on the Zilliqa blockchain and exchanges that support ZRC-2 tokens.
This challenge has inspired new developments. Our team has worked diligently on the upcoming Zilliqa <> Ethereum bridge, an update that transforms $BLOX’s accessibility and utility. The bridge will enable seamless swaps between Zilliqa and Ethereum tokens, broadening our reach to other platforms while preserving all the benefits of Zilliqa’s technology.
Swap Ethereum tokens to the Zilliqa network
Using the bridge Ethereum assets such as $ETH, $USDT and $wBTC can be converted over to the Zilliqa blockchain, allowing for trade on zilSwap.
Swap Zilliqa tokens to the Ethereum network
Since the bridge allows Ethereum tokens to be introduced to the Zilliqa ecosystem, the reverse is also possible. ZRC-2 tokens such as $BLOX can be converted over to the Ethereum side.
By swapping our traditional $BLOX tokens over from Zilliqa to Ethereum, we can list $BLOX on additional decentralized exchanges outside of the Zilliqa ecosystem. $BLOX will soon be available on UNISWAP!
Beyond exchange listings, this bridge means BLOX-SDK will offer full multi-chain support, opening the project to a wider audience and developer base. Once the bridge is live on the 30th of September and has had a couple of days to stabilize, we’ll be bringing $BLOX to Ethereum dexes as soon as possible! 🎉
