ETransfer Revolutionizes Cryptocurrency Transfers on aelf Blockchain

ETransfer is a decentralized application (DApp) operating on the aelf blockchain. It is revolutionizing the landscape of cryptocurrency transfers. It focuses on the seamless exchange of USDT within the aelf network and across nine major blockchains. This cutting-edge platform supports aelf, Ethereum, Tron, BNB Smart Chain (BSC), Arbitrum One, Solana, Polygon, Optimism, and AVAX C-Chain.

Portkey App Simplifies Deposit Process

Desktop users can access ETransfer via its website, while mobile users can use the Portkey App for a smoother experience. Tapping the “Deposit” button on the home screen opens the Portkey App’s user-friendly mobile interface.

NEW #DApp on aelf: ETransfer

With ETransfer, you can now facilitate $USDT cross-chain transfers between aelf and 8 other major #blockchains.

Explore 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 lets users receive USDT into their aelf address, while the Withdraw function lets them send money to other supported networks. ETransfer makes login easy by only needing an aelf wallet address. Users may easily authenticate themselves with Portkey, a smart account abstraction (AA) wallet.

Portkey, ETransfer’s sidekick, streamlines login and faster account creation. The guardian and verifier architecture of the AA wallet ensures that users can recover their accounts via social media in case of loss. Portkey’s cost-effectiveness covers users’ on-chain fees, making it more appealing. Portkey registration is free and requires only Web2 credentials like a phone number, email, Google account, or Apple ID.

After linking their wallet and logging onto ETransfer, users can switch providers using the left-hand tab. Users only pay source chain transaction costs when depositing. That chain calculates fees live. Users of the target chain (aelf) pay no fees because ETransfer handles all fees.

aelf Blockchain ETransfer Grants Relief for 1 ELF in Transaction Fees

The user’s conditions determine the source chain (aelf) withdrawal fee. The aelf address must have 10 ELF or 5 USDT to avoid transaction fees. This exemption covers daily transaction fees up to 1 ELF. If the balance decreases below this threshold, clients must pay 0.004 ELF for every transaction on aelf. ETransfer subtracts the destination blockchain’s expected withdrawal costs from the user’s aelf address.

In addition to its operational challenges, ETransfer promotes a smooth Web3 ecosystem. The technology actively promotes cross-chain token circulation in the aelf ecosystem and across networks. ETransfer, a flexible and user-friendly solution, is contributing to blockchain innovation in cryptocurrency.