Lootex Partners with Multichain to Offer Cross-Chain Support for Binance Smart Chain

Lootex’s powerful platform just got even better with its latest BSC bridge feature.

As NFTs, GameFi, and the metaverse continue to grow and develop, Lootex users will need more options as to which network they earn and trade on.

To solve this problem, Lootex is excited to announce that we have teamed up with Multichain, a leader in the blockchain space that makes it easier for users to transfer assets across multiple blockchains and avoid the high gas prices on Ethereum.

Working with Multichain, Lootex users will now be able to bridge $LOOT from the Binance Smart Chain (BSC) to Ethereum blockchain, and vice versa. We are honored to have Multichain provide cross-chain solutions developed by their talented team of engineers, allowing these two blockchains to operate and interact together.

Ethereum to BSC Transactions

• Cross-chain fee: 0.00%
• Gas fee: 0.00 $LOOT
• Minimum cross-chain amount: 50 $LOOT
• Maximum cross-chain amount: 6,250,000 $LOOT
• Estimated transaction time: 10–30 minutes

We are able to offer $0 gas fees and 0% cross-chain fees as Multichain will be covering all of the costs for users who bridge $LOOT from ETH to BSC.

BSC to Ethereum Transactions

• Cross-chain fee: 0.1%
• Minimum cross-chain fee: 100 $LOOT
• Maximum cross-chain fee: 2,500 $LOOT
• Minimum cross-chain amount: 250 $LOOT
• Maximum cross-chain amount: 6,250,000 $LOOT
• Estimated transaction time: 10–30 minutes

Note: Cross-chain amounts larger than 1,250,000 $LOOT could take up to 12 hours.

Through this bridge, Lootex aims to enable users to trade, sell, or buy $LOOT on Binance Smart Chain, which offers users low gas fees and fast transaction times. Having $LOOT on BSC also enables our token to be listed on BSC-based DEXs, which will provide more options and flexibility for mass adoption.

At Lootex, we believe in providing our users access to the widest variety of NFTs, as well as our native token $LOOT. As our platform’s utility and governance token, we believe that users shouldn’t be restricted to using $LOOT solely on one blockchain. With Multichain, we’re thrilled that users can now bridge $LOOT between ETH and BSC, providing them with more ways to use, trade, and sell.

About Multichain
Multichain was born as Anyswap on July 20, 2020, to service the clear needs of different and diverse blockchains to communicate with each other. Multichain is now the leader in the cross-chain field, with a rapidly expanding family of chains (currently 32). Its sustained daily volume of more than US$500 million, its Total Value Locked exceeds US$10 billion, and its thousands of daily users are a testament to its popularity and security.

Join the Multichain community:
Website | Twitter | Telegram | Medium | YouTube

About Lootex

Lootex is a player-centric cross-chain NFT trading platform that shares the latest blockchain game info. We are devoted to building a gamer-centric game asset marketplace where gamers can easily browse and trade game assets across multiple blockchains.

For the latest updates and announcements, follow Lootex on these channels:

Website | Twitter | Telegram (EN) | Telegram (CN) | Medium | Discord | Facebook