Cross-chain Trading Tutorial (Example: Huobi Chain)
Sashimi platform currency SASHIMI can conduct cross-chain trading on Huobi Heco Chain, Binance Smart Chain, as well as Ethereum Chain. The new function has just gone live at 11 am GMT+8. Users can transfer their assets to the other two chains under the current chain by using the cross-chain trading function of the Sashimi platform to connect to their wallet.
To ensure the platform will have enough tokens to support the cross-chain function, the SashimiSwap development team issued an additional 600,000 SASHIMI for cross-chain smart contracts (with 300,000 SASHIMI BCS and 300,000 SASHIMI on Heco Chain).
If SASHIMI reserves are insufficient, SashimiSwap will issue a single additional 500,000 SASHIMI, with the distribution on BCS and Heco Chain’s depending on the situation. And 500,000 SASHIMI will be transferred to the Ethereum chain, which came from the reserved cross-chain pool (with a total of more than 1.1 million SASHIMI) in SashimiSwap’s smart contract.
Simultaneously, 200,000 SASHIMI will be transferred to the emergency reserve address from the remaining 600,000 SASHIMI in the cross-chain pool.
If the SASHIMI balance in the Ethereum contract is under 500,000 SASHIMI, the emergency reserve of 200,000 SASHIMI will be transfered to the Ethereum chain (from common address at 0xCd1807520cf4dc8DDEb518F9A7ADC73d1621Aa2c). The remaining 400,000 SASHIM will then be transferred to timelock (address at 0xeA97a7C6C078b57d5E7e21590037256d55E5b0CA).
The daily limit for cross-chain transactions is 500,000 SASHIMI, of which is 100,000 SASHIMI on the Ethereum chain; 200,000 SASHIMI on BSC; 200,000 SASHIMI on Heco Chain. There is no limit to the user’s single maximum transaction volume, but the transaction limit needs to be less than or equal to the daily transaction limit. If the daily limit is exceeded, the transaction will be executed after the daily transaction limit update at 0:00 (GMT+8) the next day.
In the future, SashimiSwap will continue to improve the cross-chain function to ensure the decentralized free and safe exchange of users’ assets. At the same time, SashimiSwap’s footsteps will not stop here. We will continue to make breakthroughs and innovations to bring you a better experience. If you have any feedback, welcome to join our community! Telegram/Discord
Step1: Connect to the wallet (Matemask as an example)
Click the “Connect Wallet” button, the following pop-up window will appear, select “Metamask” to connect to the wallet;
Step 2: Select your asset
There is only “SASHIMI” available and it is selected by default.
Step 3: Enter the quantity
There is currently no limit to the number of single transactions, but the number of transactions needs to be within the prescribed daily limit transaction amount, and users need to pay a certain additional fee. The service fee is based on the current chain to collect the platform currency under the chain.
Step 4: Receiving Address
The receiving address is filled with the default wallet address which can be modified.
Step 5: Confirm the transaction
After clicking “Next”, the information of this transaction will be displayed and the transaction will be confirmed. Click “Confirm” after double check with all of your information.
1. Click the arrow button between Heco Network and Ethereum Network to switch from the current chain to Ethereum Network.
2. When you click the drop-down arrow of the receiving chain on the right, you will be able to change the receiving chain