Utrin’s BSC Bridge.
Utrin originally launched on the Ethereum network, but high gas fees made us migrate to the Binance Smart Chain as a BEP20 token.
To swap UTRIN, you need to send the tokens to our bridge wallet. Once the bridge wallet has received the tokens, the address that has made the transaction will receive a equal amount in BEP20 Utrin, or vise versa. Keep in mind swapping costs money, as transactions on the Ethereum blockchain are quite expensive.
Swapping costs ETH or BNB, since these tokens are used to pay for gas fees. Since the price for a transaction on the BNB side of the bridge is fairly low, we decided not to put a fee on bridging the tokens from ERC20 to BEP20. Users who swap back their tokens from the Binance Smart Chain (BEP20) to Mainnet Ethereum will pay for the gas fees caused by the bridge in Utrin tokens. The gas costs of the Ethereum transaction will be automatically deducted from the balance the user tries to swap.
1. A user swaps 100 tokens from the Ethereum Mainnet to the Binance Smart Chain. There are no fees attached to this transaction.
2. The same user wants to swap back his tokens to the Ethereum Mainnet, coming from the Binance Smart Chain. The transaction costs (gas fee) of a token transfer on the Ethereum side are calculated in dollars ($). The fee is deducted in Utrin and is kept in the bridge wallet.