Greeting Telos Community!
Today we’re excited to tell you about Nabox, the latest ground-breaking project built on Telos. As cryptocurrency and blockchain take center stage in global financial and asset management discussions, the demand for user-friendly, cross-chain decentralized wallet options continues to rise.
Nabox is a cross-chain DID application built for Web3. It enables users to manage assets across different blockchains, whether for DeFi, GameFi, NFTs, or other use cases that may pop up in their daily lives. Asset Management and SwapBox are currently two of the platform’s services, with several others such as ParaBox, Cross Chain features, Farming, Nabox Engine, KeyBox, and PayBox set to launch in 2022. Additionally, Nabox features no centralized registration processes. Instead, its users directly manage all private keys, resulting in an easy-to-use and decentralized cross-chain DID gateway to Web3.
SwapBox aggregates mainstream DEXs to provide users with asset exchange and asset cross-chain exchange and intelligently find the best exchange path. SwapBox’s primary capabilities are facilitated by two main components: SwapBox Aggregator and SwapBox Pool. SwapBox Aggregators are deployed to help users find the most efficient routings on corresponding networks, while SwapBox Pools allow users to achieve 0% slippage via NerveNetwork’s cross-chain capabilities.
SwapBox Pools consist of stablecoins and other assets across various chains on NerveNetwork. This type of Automated Market Making provides low slippage, opening up new possibilities for cross-chain swaps. Everyone can enter the SwapBox, participate in mining Layer1 and Layer2 farms, and participate in the one-click cross-chain exchange of multichain assets.
Nabox provides superior compatibility with online wallets such as Metamask, Wallet Connect, and an array of decentralized applications. Furthermore, it supports digital asset management across multiple blockchains such as Ethereum, BSC, Heco, OKExChain, Polygon, Harmony, KCC, NULS, Nerve, and others. However, this multichain capability does not complicate the user experience. By utilizing Nerve’s cross-chain capabilities, Nabox allows users to connect to several different networks and perform cross-chain transfers, all the while using just one private key.
We consider this a double-win collaboration in terms of the following:
Nabox and Telos communities have a certain number of user bases, and we can attract more users through a set of market and community activities. We hope to achieve organic and sustainable growth through in-depth cooperation with the Telos ecological projects.
We plan to add the Telos network to Nabox’s cross-chain ecosystem. As a result, all tokens issued in the Telos (EVM) ecosystem can be cross-chained to the 12 blockchains supported by Nabox through our cross-chain bridge, unlike current market options such as AnySwap.
As a multi-chain wallet that focuses on cross-chain features, Nabox users can manage and sign their digital assets across various chains with a single DID. There are no centralized registration processes on Nabox, and all private keys are managed by the users directly.
It all lies in what we care about the most: users, products, and communities. Before we decide to support a new blockchain, we will assess multiple factors, including community size, user activity, product progress, and social media content output. Upon inspection of Telos, it was clear that their team excelled in all of these areas and it wouldn’t surprise me if I were told Telos has the same standards for picking a partner. We believe that, like Nabox, the Telos ecosystem is still in an early stage of development. This which leaves us with huge potential and possibilities. Therefore, we hope to carry out some in-depth cooperation with Telos to achieve a win-win result!
The Telos EVM is the most powerful and scalable Ethereum Smart Contract platform built to power Web 3.0. Telos features a robust, third-generation, ESG compliant evolutionary blockchain governance system, including smart contracts, advanced voting features, and flexible and user-friendly fee models. In addition, Telos supports the blockchain ecosystem by serving as an incubator and accelerator for decentralized applications through development grants. Come build with us.