CrossX is open! Move your stable coins between Arbitrum, Avalanche, BNB Chain, Ethereum, Fantom, and Polygon with the power of social liquidity.

The first feature of the upcoming dAppSocial platform is out now. The process is quick and efficient with users waiting to complete your requests!

What is CrossX?

CrossX by dAppSocial is a new way to move crypto across blockchains by matching transfer requests with individual users willing to facilitate the trade. Once a match is made, the assets are accessible on the requestor’s target blockchain.

CrossX supports USDT and USDC on the Arbitrum, Avalanche, BNB Chain, Ethereum, Fantom, and Polygon blockchains, with plans to expand to more crypto assets and blockchains in the future.

We believe that the future is cross-chain, and users need secure ways to move assets where they need them.

How CrossX Works

In order to use CrossX, users must first deposit either USDT or USDC into an existing pool on Arbitrum, Avalanche, BNB Chain, Ethereum, Fantom, orPolygon.

Once in the pool, users can request an exchange to any of the other blockchains or accept an ‘Available Request’ made by another user looking to transfer to that blockchain.

For example, if you deposit into the Arbitrum pool, you can either request to transfer to a different blockchain (Avalanche, BNB Chain, Ethereum, Fantom, or Polygon) or you can complete a request from another user who is trying to get their funds to Arbitrum.

While making a request, users can choose to leave the assets in the pool or have it sent directly to their wallet.

When completing a request, the funds will stay in the pool on the other blockchain.

Conclusion

CrossX is for people who need to get their stablecoins to a specific blockchain and for those who are just holding their asssets in stablecoins for the time being.

Users can move their stablecoins cross-chain for cheaper. There are people waiting to complete your request.

People who are just holding their crypto in stablecoins can put those coins to work and earn a return by completing requests.