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07/24/2022

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MicroChains, the first cross-chain bridge on Cardano, to hold IDO on OccamRazer

OccamRazer will be hosting the IDO for MicroChains, the first cross-chain bridge on Cardano to enable mainstream cryptocurrency assets such as BTC, ETH, USDT, USDC, WBTC and more to migrate to Cardano

MicroChains, the first cross-chain bridge on Cardano, to hold IDO on OccamRazer

July 23, 2022 — OccamRazer will be hosting the IDO for MicroChains, the first cross-chain bridge on Cardano to enable mainstream cryptocurrency assets such as BTC, ETH, USDT, USDC, WBTC and more to migrate to Cardano. The MCG token will launch on August 1st, 2022; users can expect it to appear on two tier 1 centralized exchanges the same week.

MicroChains offers a more secure cross-chain bridge built on Cardano; it empowers multi-chain & multi-layer with complete centralized and decentralized cross-chain services. Currently, MicroChains support seamless mutual crossover among 4 chains including BTC, Ethereum, Cardano and Milkomeda. Also, more chains like BNB Chain, Avalanche and Polygon will be supported very soon.

MicroChains’ mission is to have “The Power to Bridge More Emerging Chains” and provide highly secure cross-chain experiences for emerging chains projects and blockchain users. Through the VoMEN Network security solution, which ensures the verification of multiple & enhanced node networks, MicroChains assures its users with the highest levels of security. Furthermore, the project is backed by reputable investors and partners such as Shima Capital, Dutch Crypto Investors, Huobi Trust, Cardano Feed and more.

Given its focus on bringing Cardano forward and improving interoperability between blockchains, MicroChains’ decision to host its IDO on the OccamRazer platform comes as a natural step. OccamRazer has secured its place as one of the leading launchpads on Cardano and beyond, continuing to hold its strong Cardano affiliation through the projects launching on the platform.

“We’re looking forward to lending the OccamRazer platform for the launch of the MCG token. MicroChains’ strong emphasis on security, interoperability and of course their desire to enhance Cardano’s network and capabilities serve as powerful synergies between our projects.” — Michael, Occam DAO Core Contributor

MicroChains, an easy-to-access and easy-to-use bridge for all other projects and users, will launch the MCG token on August 1st, 2022 at 10:00 AM UTC on OccamRazer. The same week, the token is expected to appear on two tier 1 centralized exchanges.

The token’s utilities include protocol governance, such as modification of parameters, public chain support, token support, disposal of treasury funds and fee allocation. Furthermore, it will act as incentives for early adopters and liquidity providers.

“We believe that Cardano is still in its early DeFi stage and our focus on this ecosystem has undoubtedly helped solidify the decision to launch $MCG on OccamRazer. The developments that Occam.fi has already brought to Cardano are noteworthy, and we’re happy to collaborate together to continue enhancing this network.” — Romain Caillet, CMO MicroChains

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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