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How to send and receive cryptocurrency through the PepeTeam Bridge?
How to send and receive cryptocurrency through the PepeTeam Bridge?
Updated over a week ago

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Intro

The WX Network team is working hard on decentralized solutions for its products and services. Decentralization increases the fault tolerance, and operational stability of the entire system as well as the transparency of the working mechanisms of its work. This essential concept meets the whole crypto community's demands while running a project with the high profitability of its investment products today. That is why our investment products are based on smart contracts which are available for public and audit. If the investment products’ mechanics is quite clear and does not raise questions, then decentralized payment gateways are a quite tricky task. On the one hand, the current gateways’ mechanics is easy to use, but, on the other hand, it's hardly scalable and does not provide the proper level of transparency.

In search of an ideal solution, the WX Network team decided to integrate a non-custodial service which is provided by PepeTeam: cross-chain bridges based on smart contracts and decentralized backend services on the Waves blockchain as a transfer layer. After the audit of PepeTeam's smart contracts and its backend services, we implemented the bridges functionality into the WX Network.

Note: in WX Network accounts imported from the MetaMask extension, the deposit and withdrawal of tokens through the PepeTeam bridge is not available as of now.

Cryptocurrency deposit through the PepeTeam bridge

Note: PepeTeam Bridge services are provided by PepeTeam, which is a separate platform owned by a third party. More information on the PepeTeam website.

Since PepeTeam bridges are based on smart contracts, interaction with them is possible only via of non-custodial cryptocurrency applications. At the moment, it is possible to interract with them via MetaMask/TronLink browser extension.

Therefore, first you need to install the MetaMask or TronLink extension in your browser, create an account in it by following this simple instruction, and top up it with ETH/BNB/MATIC/TRX and supported ERC20/BEP20/TRC20 tokens you want to deposit to your WX Network account.

Once the tokens are credited to your MetaMask/TronLink account, log in to your WX Network account and click on the Deposit & Withdraw button.

You will be redirected to the "Deposit/Withdraw" page. On this page, you need to select an asset you want to deposit from the list or type its name, choose the PepeTeam Bridge as a deposits method and fill in the appeared form (specify deposit amount, recipient address will be specified automatically). Familiarize the deposit fee, click on the "CONNECT WALLET" button and right after that click the "TRANSFER" button. Do not forget to confirm the transaction in the MetaMask extention.

Сryptocurrency withdrawal through the PepeTeam bridge

Note: PepeTeam Bridge services are provided by PepeTeam, which is a separate platform owned by a third party. More information on the PepeTeam website.

Log in to your WX Network account and click on the Deposit & Withdraw button.

In the appeared, window click on the Withdraw, then choose an asset you want to withdraw, enter the destination address and choose the PepeTeam Bridge as a withdrawal method. Specify the withdrawal amount in the appeared form, familiarize yourself the withdrawal fees and click on the TRANSFER button to initiate transfer.

Note: From the Waves network, you can withdraw wrapped stablecoins of particular network (e.g. USDT-ERC20, USDC-BEP20 etc.) as well as combined stablecoins (USDT-PPT, USDC-PPT).

Note: Centralized exchanges (CEXs) may not accept ETH, BNB, MATIC and TRX transferred through the calling of smart contract.

If you have any questions related to WX Network, feel free to contact us.


tags*: receive assets send tokens transfer deposit withdraw cryptocurrency pepe pepeteam bridge metamask newbie

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