🔃Transfer Bridge

Let's talk about the Bridge.

The SHIBWALLET token bridge will be based on the ERC-20 Ethereum technology and will function as a connector between the SHIBARIUM blockchain and other compatible blockchain networks. The bridge will allow for the transfer of tokens between different chains, enabling users to seamlessly move their assets between networks.

When a user initiates a token transfer from one chain to another, the bridge will act as a mediator, facilitating the transfer process by locking the tokens on the sending chain and issuing equivalent tokens on the receiving chain. The bridge will use a two-way pegging mechanism, ensuring that the value of the tokens on both chains remains the same throughout the transfer process.

To ensure the security and integrity of the token transfer process, the bridge will utilize a multi-signature system, requiring approval from multiple parties before executing any transaction. Additionally, the bridge will incorporate smart contract technology to automate and enforce the transfer process, ensuring that tokens are transferred only when all pre-defined conditions are met.

Finally, to incentivize SWT token holders to participate in the bridge and to hold their tokens for the long term, a fee will be charged for each token transfer made through the bridge. This fee will be distributed among SWT token holders in proportion to the number of tokens they hold, providing them with a passive income stream and creating an additional incentive to hold SWT tokens for the long term.