Alcor
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      • Alcor Price Oracle vs DelphiOracle
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    • Creating Farm Incentives - Quick Tutorial
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      • Alcor USDT
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    • Does Alcor Exchange Have Fees?
    • Whats the difference between using Swap, Market Trade, and OTC?
    • What is a liquidity Pool?
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Alcor USDT Proxy:

Seamless USDT Transactions on WAX

Alcor USDT Proxy, meticulously crafted by the Alcor team, revolutionizes the process of withdrawing and depositing USDT from/to Centralized exchanges by seamlessly integrating with EOS Inter Blockchain Communication (IBC) technology.

How It Works:

  1. EOS Network Integration:

    • Alcor leverages the EOS network as a USDT provider. To initiate a deposit or withdrawal, users must select the EOS network.

  2. Effortless Deposit or Withdrawal on EOS:

    • Once the USDT is deposited or withdrawn on the EOS blockchain, Alcor takes the reins. Using the IBC protocol, Alcor bridges the tokens to or from EOS, facilitating a swift and secure swap.

  3. Automated Transaction Handling:

    • All transactions are meticulously handled by Alcor, ensuring that your tokens arrive seamlessly in your WAX wallet or your preferred Centralized Exchange (CEX).

  4. Deposit Instructions:

    • Users are advised to thoroughly read the provided instructions before initiating a deposit to ensure a smooth transaction experience.

  5. Minimal Deposit Fee:

    • Alcor USDT Proxy incurs a minimal deposit fee of 0.05 USDT, making it an economical and user-friendly choice for USDT transactions on the WAX blockchain.

Last updated 5 months ago

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