Allbridge is a unique digital asset because it uses on-chain consensus, which provides stability and overall system transparency. It is a small asset ranking under #3741 by market cap, but it’s rising in the ranks quickly.
If you want to know more about Allbridge, including whether it’s a good investment and whether you should buy Allbridge now, you’re about to.
Top places to buy Allbridge now
As ABR is such a new asset, it’s yet to be listed on major exchanges. You can still purchase ABR using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy ABR right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for ABR
Now that you’re connected, you’ll be able to swap for 100s of coins including ABR.
What is Allbridge?
The creators of Allbridge describe it as a simple, modern, and reliable way to transfer assets between blockchain networks. They plan for the asset to evolve into a DAO-style multi-chain hub, creating links between EVM and non-EVM networks.
Why is Allbridge unique? Typically, a bridge consists of a smart contract, a network of oracles, and a smart contract on the destination blockchain used to accept the input from active oracles and mint new tokens to the recipients.
However, the creators of this token find that oracle (or validator) consensus should be reached on-chain. Every validator transaction can be verified with the help of a regular block explorer, and, if something goes wrong, it can be identified immediately.
The ecosystem will implement a separate block explorer to monitor bridge transfers.
Should I buy Allbridge today?
Read the following price prediction and a few others before committing to an investment in Allbridge. Never take price predictions at face value, however.
Allbridge price prediction
Digital Coin Price has a positive outlook. They forecast it will trade for at least $16.23 in the future and for $17.81 at most. The price of 1 Allbridge might go up to $6.9 in one year. It is trading for around $4 at the moment.
Allbridge on social media
— Ξ◎Brandon Brown (@brandonbrown3d) January 9, 2022