tl;dr
- ChainPort has bridged Quidax's QDX token from Ethereum to BNB
- QDX is now available for trading on Quidax and PancakeSwap.
- Quidax is a popular crypto exchange in Africa, offering various services like crypto debit and credit cards, instant token swaps, an order book, and a launchpad
- QDX is the native token of the Quidax ecosystem used for trading fees, platform governance, and accessing savings and loan features
Bridging QDX from BNB to Ethereum via ChainPort
ChainPort has bridged Quidax’s QDX token from Ethereum to BNB. Now QDX is available for trading on Uniswap alongside PancakeSwap.
New QDX BNB Contract Address: 0x08BC237aA00F275b758542c9F5c125b568bc390A
New QDX Ethereum Contract Address: 0x1780933e83b09371cf716f3630fe5a422a66a39e
Quidax is a prominent crypto on-ramp and off-ramp, allowing users to buy and sell cryptocurrencies with credit and debit cards easily. As one of the most popular exchanges in Africa, particularly in Nigeria, Quidax offers a range of services. These services include crypto debit and credit cards, instant token swaps, an order book, and a launchpad.
QDX is the native token of the Quidax ecosystem, used to pay trading fees, participate in platform governance, and access savings and loan features on Quidax. DeFi enthusiasts can also stake QDX tokens to earn rewards.
Quidax has phased out the current QDX token on the BNB Chain and will distribute a new QDX token on the Ethereum and BNB network. The plan to upgrade the QDX token has previously been officially announced in Quidax’s blog. Token holders on the BNB Chain will be provided with a smooth transition process, ensuring they receive the new QDX tokens on either Ethereum or BNB Network.
The bridging of QDX to BNB via ChainPort ensures broader access and liquidity, providing token holders with more opportunities to trade their tokens.
How to Bridge QDX Tokens from ETH to BNB in 3 Steps
Below is a step-by-step guide on how to bridge QDX tokens from ETH to BNB as an example. Please note that token holders can also bridge QDX tokens in the opposite route by swapping the source and target chains.
Step 1 - Connect Your Wallet
Go to ChainPort's bridge (https://app.chainport.io/) and connect your wallet. ChainPort supports Ledger, Trezor, Coinbase Wallet, Wallet Connect, and Metamask wallets. Select the wallet with the ETH-based QDX tokens you wish to bridge to BNB.
Step 2 - Select the Chains & Token
In the drop-down menu, select the source blockchain and the target blockchain. In our case, the source chain is Ethereum, and the target chain is BNB. Select the QDX as the token you wish to bridge from the dropdown menu.
Step 3 - Confirm Tx & Get Tokens
Review all related information, including gas fees and the token, before confirming the transaction. Once you have confirmed all details, approve the transaction and wait a few minutes for it to be processed. Afterward, your QDX tokens have been successfully bridged from Ethereum to BNB.
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