The TON Bridge powered by Broxus is a сross-chain asset transfer consisting of a link between ETH, BSC, Fantom, Polygon and Free TON.
This Bridge allows users to move liquidity between a few EVM compatible blockchains: Ethereum, BSC, Fantom, Polygon and Free TON, where it can be transacted with near-zero fees and at higher speeds.
The TON Bridge, like all inter-blockchain bridges in general, is a crucial part of the DeFi ecosystem.
Bridges allow funds to flow between blockchains to nourish other DeFi products like DEX and lending.
A decentralized TON Bridge could also be seen as an analogue of a decentralized bank from the business model perspective in the FreeTON network.
TON Bridge Makes DeFi Ecosystem More Affordable With "BRIDGE" Token.
BRIDGE tokens constitute the right to vote on business operations as well as the claim to its income.
The main purpose of Bridge tokens is to manage the DAO (decentralized autonomous organization) of the Bridge.
The product does not have a single decision-making center. At the same time, it has stakeholders and, in proportion to their stakes, they can cast votes that determine decisions for the TON Bridge.
Any person who owns BRIDGE tokens can vote for certain operating decisions.