NEW: Blockchain interoperability protocol Connext unveils token and plans for airdrop (via Yogita_Khatri5)
Connext has unveiled its native token as it plans to convert into a DAO.
Connext provides infrastructure for blockchain interoperability. Its network's most basic use case is that of a crypto bridge — allowing activities on multiple blockchains."You can, for example, borrow money on Ethereum and spend it on Polygon via the Connext network," Arjun Bhuptani, co-founder of Connext, told The Block.
NEXT will have a total supply of 1 billion tokens. All the tokens have already been minted, but they are not yet publicly available or transferable.
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