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Cryptocurrency News Articles
SatoshiSync Teams Up with Portal DEX for Cross-Chain Trading of $SSNC and Bridged Ordinals NFTs
Apr 01, 2024 at 06:03 pm
SatoshiSync's integration with Portal DEX enables the bridgeless cross-chain trading of its native token, $SSNC, empowering RC20 markets. Through the Portal DEX Network, users can directly deposit and trade $SSNC and SatoshiSync-bridged Ordinal NFTs with ease, fostering liquidity and accessibility. This collaboration enhances the tradability of $SSNC, expanding its reach within the Portal ecosystem and promoting seamless asset management across multiple blockchains.
SatoshiSync's Integration with Portal DEX Paves the Way for Simplified Cross-Chain Trading of $SSNC and SatoshiSync-Bridged Ordinal NFTs
San Francisco, April 1, 2024 - SatoshiSync, the chain-agnostic inscription protocol for the Bitcoin finance (BTCFi) ecosystem, has announced its integration with Portal, the pioneer in trust-minimized Layer 2 cross-chain atomic swaps trading. This strategic collaboration aims to enhance the cross-chain trading of SatoshiSync's native token, $SSNC, and empower the RC20 markets.
SatoshiSync's infrastructure enables the establishment of permissionless inscription markets, facilitating the creation, buying, selling, or trading of inscriptions involving unique identifiers, metadata, or specific attributes recorded on a blockchain. By integrating Portal Swap SDK within its ecosystem, SatoshiSync empowers users with the ability to seamlessly deposit and trade $SSNC and SatoshiSync-bridged Ordinal NFTs with a single click, even without possessing Bitcoin, other Bitcoin-based assets, Ether (ETH), or Ethereum-based assets.
The introduction of $SSNC into the Portal DEX Network, the premier Bitcoin-based DEX supporting one-click, cross-chain trading of $SSNC, will significantly augment the tradability of the token, enhancing liquidity and market accessibility. Portal's extensive network of partners utilizing Portal Swap SDK will facilitate the seamless trading of $SSNC, SatoshiSync-bridged Ordinal NFTs, and other assets within their ecosystems, offering a comprehensive and frictionless trading experience for users. SatoshiSync will also contribute to the liquidity pools for the $SSNC token on Portal's cross-chain Automated Market Maker (AMM), ensuring a vibrant and robust trading environment within the Portal ecosystem.
"Portal DEX's integration with SatoshiSync represents a pivotal step in cross-chain trading and asset inscription," said Chandra Duggirala, CEO and co-founder of Portal. "This collaboration provides users with unprecedented access to a diverse range of assets and services, empowering financial self-sovereignty."
About Portal
Portal, conceived by a team of seasoned Bitcoin and AI engineers, is dedicated to fostering financial self-sovereignty. The Portal Cross-Chain DEX Network is designed to match the speed, liquidity, and user experience of centralized exchanges while eliminating the inherent custody risks associated with bridges and CEXs. Portal has garnered support from Coinbase Ventures, Arrington Capital, OKX Ventures, Gate.io, and many other prominent investors. For further information, visit https://portaldefi.com.
About SatoshiSync
SatoshiSync is the first chain-agnostic interoperability protocol for the BTCFi ecosystem, connecting all inscription liquidity markets through its InscripSync and RC20 Router technologies. The RC20 Router facilitates multi-chain asset swaps, promoting interoperability and liquidity across blockchain networks. The Cross Chain Inscriptions Protocol (CCIP) powered by InscripSync enables the seamless transfer of Bitcoin Ordinals and other assets, fostering greater usability and market reach. SatoshiSync has received funding from ZBS Capital, Covey Network, Hasu Capital, Suppoman, SatoshiStacker, and Charlie Shrem. For more information, visit https://satoshisync.com.
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