ETransfer is a decentralized application (DApp) that works on the elf blockchain. It is revolutionizing the cryptocurrency transfer landscape. It focuses on the seamless exchange of USDT within the aelf network and between nine major blockchains. This advanced platform supports aelf, Ethereum, Tron, BNB Smart Chain (BSC), Arbitrum One, Solana, Polygon, Optimism and AVAX C-Chain.
Portkey app simplifies the deposit process
Desktop users can access ETransfer through the website, while mobile users can use the Portkey app for a smoother experience. Tapping the “Deposit” button on the home screen opens the easy-to-use mobile interface of the Portkey App.
NEW #DApp on aelf: ETransfer
With ETransfer you can now facilitate $USDT cross-chain transfers between eleven and 8 other major #blockchains.
Discover ETransfer via the link https://t.co/lkV6I2WFjQ#Web3 #blockchaininnovation #cryptonews #crypto
— ælf (@aelfblockchain) December 21, 2023
ETransfer’s two services for aelf users and USDT users on the aelf network demonstrate its versatility. The deposit feature allows users to receive USDT at their own address, while the withdrawal feature allows them to send funds to other supported networks. ETransfer makes logging in easy as you only need an elf wallet address. Users can easily authenticate themselves with Portkey, a smart account abstraction (AA) wallet.
Portkey, ETransfer’s sidekick, streamlines login and faster account creation. The AA wallet’s guard and authentication architecture ensures that users can recover their social media accounts in case of loss. Portkey’s cost-effectiveness covers users’ costs on-chain, making it more attractive. Portkey registration is free and only requires Web2 credentials such as a phone number, email address, Google account or Apple ID.
After linking their wallet and logging into ETransfer, users can switch providers via the left tab. Users only pay the source chain transaction fees when depositing. That chain calculates the fees live. Users of the target chain (aelf) pay no fees because ETransfer handles all fees.
aelf Blockchain ETransfer offers relief for 1 ELF in transaction costs
The user’s terms determine the (aelf) inclusion cost of the source chain. The elf address must have 10 ELF or 5 USDT to avoid transaction fees. This exemption covers daily transaction costs up to 1 ELF. If the balance falls below this threshold, customers will have to pay 0.004 ELF for each transaction itself. ETransfer subtracts the destination blockchain’s expected withdrawal fee from the user’s own address.
In addition to the operational challenges, ETransfer promotes a smooth Web3 ecosystem. The technology actively promotes cross-chain token circulation within the elf ecosystem and between networks. ETransfer, a flexible and easy-to-use solution, contributes to blockchain innovation in cryptocurrency.
