Added ORBS tokens to Orbit Bridge, now available on TON Blockchain and Megaton Finance

Key Highlights:

• Added the ORBS token to the Orbit Bridge, which allows 19 different blockchains to communicate with each other
• As an official launch partner of Megaton Finance DEX, orbs can be used in swap, yield farming and other DeFi products
• The Open Network blockchain ecosystem is expanding its uses and benefits for industry
• Behind Megaton Finance is Ozys, which has also been a major contributor to protocols like KLAYswap and MeshSwap

The Orbs project has added the ORBS token to the Orbit Bridge, which spans 19 different blockchains including The Open Network (TON), a blockchain that has recently been gaining popularity. Orbs, which is also an official launch partner of Megatron Finance, the DEX-AMM due to be released on the TON network in January 2023, will soon be bridged with the TON blockchain and used in swap functions and liquidity pools.

Latest project added to Orbit Bridge: Orbs

Orbit Bridge is a protocol that allows blockchains that normally cannot interact with each other to communicate thanks to IBC technology. Blockchains can communicate with each other via Orbit Chain, while users can easily use dApps and assets from different blockchains.

Orbit Bridge IBC benefits for blockchains and users can be listed as follows:

• Trustless, secure verification with multiple signatures
• Sending cross-chain data between heterogeneous chains
• Fast, secure consensus process

Orbit Bridge has over $12 billion in trading volume to date and holds nearly $200 million in TVL. By supporting The Open Network (TON), Orbit Bridge will enable the use of the ORBS token on the TON blockchain.

Official launch partnership with Megaton Finance DEX

Megaton Finance, a highly anticipated DEX-AMM protocol to be launched on the TON blockchain, has selected the Orbs project as its official launch partner. This means that the ORBS token can be used for liquidity pooling and other functions in this DeFi protocol. Megaton Finance aims to become the connectivity protocol of the DeFi ecosystem by connecting the TON blockchain to other Layer 1 chains like Ethereum.

Megaton Finance will be the first autonomous protocol to offer DeFi products like swap, pair deposit and yield farming within the TON network. Megaton’s other goal is to integrate Telegram in the future and become the main gateway for Web3.

Services that Orbs can provide on the TON blockchain

Orbs, a Layer 3 infrastructure layer newly added to the TON ecosystem, will provide new use cases for protocols running on this network. The Open Network ecosystem, which has been rapidly evolving lately, has continued to grow with the launch of two services using Orbs’ technology: Ton Verifier and Ton Minter.

• TON Verifier is an open-source application for publishing verified source code for on-chain smart contracts
• TON Minter: Official tool for distributing Alttokens (Jettons)

What is Ozys?

Ozys, a leading blockchain technology based in South Korea, always strives to be at the forefront of innovation in this industry. As the main player of Megaton Finance, Ozys has many flagship protocols such as KLAYswap and MeshSwap.

Goals such as establishing a decentralized, transparent and trust-based autonomous financial system, proposing standardized specifications for fragmented blockchain systems through cross-chain technology, and contributing to the spread of blockchain-based autonomous financial systems have been pursued in the development of these protocols.

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