Cross-chain SHIB from ETH to Heco Trading Guide
This tutorial will show you how to cross-chain the SHIB assets of the Ethereum network to HECO, trade on MDEX or participate in liquidity mining.
Using the MDEX cross-chain bridge, assets cross-chain from the Ethereum network to Heco have the following advantages:
Lower transaction or transfer fees.
It can be used as a mining shovel to obtain other token benefits. (For example, mining MDX in MDEX).
Cross-chain bridge use URL:
0xC38072AA3F8E049De541223A9c9772132bB48634
Cross-chain bridge use URL:https://mdex.com/#/bridge
Detailed tutorial reference (the following tutorial will use SHIB as a case, from Ethereum to HECO)
1. Open the wallet (take Metamask as an example), and first select the Ethereum network (the steps are the same for mobile wallets). The account needs to have the corresponding currency and a certain amount of ETH (as a handling fee).
2. Enter the address of the MDEX cross-chain bridge in the browser, and connect to the Ethereum network (usually an automatic connection).
2. Select SHIB for cross-chain assets
3. Cross-chain network, choose from Ethereum to HECO
4. Enter the receiving address of the HECO account (enter the correct ERC-20 address, please do not enter the contract address or exchange recharge address), and the number of cross-chain SHIB
5. Click Next, confirm the transfer, and wait for the cross-chain to complete.
The entire cross-chain process takes about 2-3 minutes, and it may vary according to the current congestion of the Ethereum network and the gas fee paid (increasing the gas fee can speed up the cross-chain transfer process)
6. You can click to view the record at the bottom of the MDEX cross-chain bridge to view the progress of cross-chain assets.
Precautions:
Precautions:
Assets (such as: SHIB) are cross-chained from Ethereum to HECO, users need to pay the transfer gas fee of the Ethereum network, and also need to pay a transfer gas fee of the target network (HECO) (the gas fee of HECO is almost negligible), The gas fee of the target network will be converted into an equivalent amount of cross-chain assets, which will be deducted from the user's transfer amount, so the actual amount received is the amount after deducting the handling fee.
When an asset (such as: SHIB) is cross-chained from HECO to Ethereum, the gas fee of the target network (Ethereum network) needs to be paid as a cross-chain fee. Due to the current high gas fee of the Ethereum network, there may be insufficient cross-chain assets In the case of paying the Ethereum network gas, you will not be able to complete the cross-chain at this time. Therefore, when cross-chaining HECO to the Ethereum network, please ensure that the cross-chain assets are sufficient.
We can cross-chain assets from Ethereum to HECO through the MDEX cross-chain bridge, and directly trade and use them in MDEX. Assets can also be cross-chained from HECO to Ethereum.
