Owlto Cross-Chain Bridge is a tool focused on cross-chain asset and data exchange between blockchains, designed to help users transfer and interact assets between different blockchain networks more conveniently and quickly. With the diversification of blockchain technology, the interoperability of assets on different chains has become a core requirement for decentralized finance (DeFi) and the expansion of the blockchain ecosystem. Owlto was developed to meet this need.
Here is the VC description of the owlto airdrop, as well as the airdrop details:
https://gostake.io/airdrops/owlto
Currently, Owlto airdrop has a points system, and this points system has entered the second stage. Owlto's handling fee is relatively cheap compared to other cross-chain bridges, and almost all new projects have it, so this cross-chain bridge is very useful:
The airdrop details are here:
Any address that successfully completes a cross-chain transaction through Owlto, whether the referrer or the referee, will receive at least 100 points - regardless of the transaction amount or network.
This link has a bonus:
https://bly.one/owlto
In addition, the more cross-chain transactions you accumulate, the higher the bonus you will get. The details are as follows:
Total number of transactions | Markup multiplier
Less than 3 times | 1
3-10 times | 1.1
11-50 times | 1.2
51-100 times | 1.3
More than 100 times | 1.5
That is, the points reward = 100 * multiplier
Please note that the points for Phase 2 will be calculated according to the new rules, which means that they will not be calculated based on the accumulated points from Phase 1. Your total points = Phase 1 points + Phase 2 points
The core functions and features of Owlto cross-chain bridge
1. Support multi-chain interoperability:
Owlto cross-chain bridge supports cross-chain asset transfers between mainstream blockchains, allowing users to transfer assets from one blockchain to another. For example, from Ethereum to Binance Smart Chain, or other emerging blockchains such as Avalanche, Polygon, etc. This tool greatly reduces the complexity of transferring assets between different chains.
2. Decentralization and Security:
Owlto adopts a decentralized architecture, using smart contracts and multi-signature mechanisms to ensure the security of cross-chain transactions. Users do not have to trust centralized intermediaries or third-party platforms, which reduces the risk of asset theft or misappropriation.
3. Simplified user experience:
Cross-chain transactions usually involve complicated steps and high fees. Owlto has lowered the threshold for cross-chain transfers by optimizing the user interface and interaction process, allowing users to complete transactions in just a few steps. This is especially helpful for users who are not familiar with technical details.
4. Low transaction fees:
Compared with traditional cross-chain bridge tools, Owlto is committed to providing lower fees. Cross-chain operations usually require payment of transaction fees on multiple chains. Owlto reduces the overall transaction costs by optimizing the execution efficiency of smart contracts.
5. Points system and airdrops:
Owlto has introduced a unique points system where users can accumulate points when using the cross-chain bridge. These points can be used for future platform activities or rewards, such as airdrops. This mechanism incentivizes users to use the platform more and increases user stickiness.
6. Efficient cross-chain speed:
Traditional cross-chain bridge tools may sometimes cause transaction delays due to network congestion or long smart contract execution time. Owlto reduces confirmation time and provides a faster transaction experience by optimizing the cross-chain transaction process.
How Owlto cross-chain bridge works
The operation of Owlto cross-chain bridge is based on the "lock and release" mechanism. The following is a brief explanation of the mechanism:
1. Locking assets:
When a user wants to transfer assets from chain A to chain B, the user first "locks" the assets on chain A through the smart contract of the Owlto cross-chain bridge.
2. Generate or release assets:
Once the assets are locked on chain A, the cross-chain bridge will generate assets of equal value on chain B or release existing corresponding assets to users.
3. Transaction Verification and Security:
Owlto ensures the verification and security of cross-chain transactions by using technologies such as multi-signature and oracle, ensuring that assets are not tampered with or lost during the cross-chain process.
Why choose Owlto?
• Cross-chain simplicity: Owlto makes cross-chain asset transfers as easy as operating on the same chain.
• High security: decentralized multi-signature mechanism and smart contracts protect the security of user assets.
• Low fees: By optimizing the transaction process, a lower fee structure is provided, which is suitable for users who frequently cross chains.
• User-friendly: Its intuitive user interface and simplified operation steps make it easy to use even for users who are not familiar with blockchain technology.