Qbao Network Wallet Enables Free Conversion of QBT between QRC-20 and ERC-20
SHANGHAI, Oct. 23, 2018 /PRNewswire/ -- QBT (Qbao Token, originally a QRC-20 token) is the utility token of Qbao Network wallet and plays an important role in Qbao Network's blockchain ecosystem. QBT has been listed on twelve crypto-exchanges, including Gate.io, Exx, etc. In order to expand the footprint and engage with Ethereum developer communities, Qbao Foundation has decided to enable QBT's free cross-chain convertibility between QRC20 and ERC20 at an exchange rate 1:1 from Oct 15th, 2018.
This is a profound gesture of Qbao Network wallet to make efforts to become a bridge between two chains Qtum and Ethereum. Existing blockchains operate in solo and do not communicate with other chains. Transferring and converting digital assets from chain to chain is difficult. Qbao Network wallet take the first step to pave the way to connect different chains by enabling free conversion of QBT between QRC-20 (token standard of Qtum) and ERC-20 (token standard of Ethereum).
Blockchain technology has proved its potential in finance industry. Besides being a multi-currency cross-chain wallet, Qbao Network wallet also formulates two crypto-based financial products for users manage their digital assets. Free conversion of QBT between QRC-20 and ERC-20 offers a chance to users for seamlessly transferring their digital assets from one chain to another and better managing their digital assets.
Moreover, Qbao Network wallet integrates a DApp store which enables users to get access to a wide variety of decentralized applications, such as games, videos and online shopping mall. These DApps are payment scenarios for QBT and other tokens. When one chain is overloaded, the fee goes up, Qbao Network wallet enable users to transfer their QBT to another chain and make the payment with a relatively low fees.
What is Qbao Network?
Qbao Network is a smart crypto wallet designed for storing multiple cryptocurrencies and managing digital assets. Qbao Network vesion 1.0 was launched on 24th Oct, 2017. After one year of development, Qbao Network app become a popular choice for crypto holders worldwide with its intuitive user-interface and a wide variety of functions.
Qbao Network integrates multi-function with cross-chain cryptocurrency wallet, digital asset management, payment & settlement, crypto exchange, social network, news & quotes, and DApp store. Qbao Network serves global digital currency users, by providing users with cross-chain, decentralized/centralized dual mode, secured and easy-to-use digital asset platforms.
To know more about Qbao Network, please check the following link:
Download links of Qbao Network
Applicable version for iOS: https://itunes.apple.com/cn/app/id1333370260
(Please not Qbao Network is not available in App Store China region, change your Apple ID region for downloading. Instructions: https://qbao.fund/#/doc)
Applicable version for Android System: https://api.aethercoder.com/file/download/pkg/QBaoNetwork.apk
SOURCE Qbao Network
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