Integration of the Enecuum network within Rubic
Rubic is integrating the Enecuum blockchain and enabling cross-chain solutions between Ethereum and Enecuum!
We are happy to announce the partnership between Enecuum Network and Rubic Multichain DeFi Platform. The development of the first bridge from Ethereum to Enecuum Network will start soon. With this bridge, users will be able to transfer any ERC-20 Ethereum tokens to the Enecuum network on both sides. The transaction fees on this network are at least 100x lower than on the Ethereum network, thus users will end up paying almost nothing than before on swaps.
The integration of the Enecuum blockchain will allow Rubic’s users to create Liquidity Pools and execute trades on the upcoming Enecuum AMM DEX (Q1 2021) within the Enecuum network. Once the integration process is completed, both Enecuum and ETH users will be able not only to trade ENQ for USDT, BTC, and ETH but also with all the other ERC-20 tokens.
What will this collaboration mean to Rubic?
The constant improvements and development of the Rubic Platform are the key steps to become a one-stop solution for any blockchain user. This step will enable Ethereum users to connect with those from the Enecuum network. Rubic, as a multichain DeFi ecosystem, is going to feature the most reliable cross-chain solutions, to provide any users the ability not only to swap tokens but also trade them using modern protocols like Uniswap and 1inch.
The implementation of the Enecuum network will allow its users to connect with other blockchains directly on Rubic.exchange. Accordingly, Rubic’s cross-chain solutions will help and assist in the development of the Enecuum network.
The implementation of the bridge developed by the Enecuum team will bring users the ability to create their own custom tokens on the Enecuum network . At the moment, it is possible to create 3 types of tokens: with a fixed supply (after the token release, extra coin can not be emitted), with a flexible supply (after the token release, its supply can be changed by issuing or burning of coins) and tokens that can be mined. The bridge will also enable users to create digital assets in the Enecuum network backed by the assets from the Ethereum network.
One place solution for all users
Rubic continues to make its way to become the ultimate one place solution for the users of all of the blockchains. Our DEX platform’s goal is to expand the borders of crypto with the developing of an interoperability infrastructure between different blockchains within Rubic’s DeFi ecosystem
The implementation of Enecuum bridge will offer users another trading opportunity to use their ERC-20 and BEP-20 tokens. With the integration of Enecuum tokens, Rubic becomes a unique project where you can make Enecuum swaps to ERC-20 tokens and trade them directly in one place.
Becoming the one place solution for users of different blockchains is one of the main targets for Rubic.exchange. The integration with Enecuum represents another step taken forward to become a unique project that connects different blockchains under one platform.
Enecuum network is creating decentralized ecosystem which will bring blockchain and cryptocurrencies to the new level and make them publicly available, including mobile and stationary devices in the blockchain network, as well as providing a powerful toolkit for dApps developers who can create fast and affordable applications for millions of people. Enecuum is built on the Trinity protocol, which combines PoA, PoW, and PoS.
The hybrid approach to consensus provides a high degree of network decentralization, while significantly increasing both security and transaction execution speed. Network security is further enhanced by innovative cryptographic solutions built into the algorithm.
Rubic is a multichain DeFi ecosystem, which features cross-chain, P2P, and instant swaps across multiple blockchains, aiming to deliver a complete ONE-STOP decentralized platform. Rubic platform is the place where users can swap tokens and get the best rates from all leading protocols (thanks to a DEX aggregator implementation), as well as P2P swaps within an Order Book where users can make deals on their own terms.
For the moment, Rubic supports trades on Ethereum, Polygon (ex Matic), and Binance Smart Chain networks.