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The Millix Bridge Agent enables seamless conversion between Millix (MLX) and Wrapped Millix (WMLX), facilitating interoperability with the Ethereum blockchain. Here's an overview of the process and key details:
🔁 Wrapping MLX to WMLX: To convert Millix to Wrapped Millix, simply provide your Ethereum address. Each WMLX token represents one million Millix, with no fractional tokens available.
🔓 Unwrapping WMLX to MLX: When converting Wrapped Millix back to Millix, ensure your Ethereum address has sufficient ETH to cover Ethereum blockchain fees. Burning WMLX will transfer the underlying MLX from the bridge wallet to the recipient.
🔍 Open Source and Auditing: The bridge agent code and smart contract are open source, allowing anyone to review and audit the transaction data. You can even compare the Millix locked in the bridge address on the DAG with the Wrapped Millix in circulation on the Ethereum blockchain.
💸 Applicable Fees: Minting WMLX and sending it to the Ethereum blockchain incurs a transaction fee to the Millix network. Additionally, a bridge fee is paid to the bridge agent's Transaction Fee Millix address, covering the agent's costs for Ethereum blockchain fees. If a transaction is not properly funded or constructed, the bridge agent will refund the Millix minus a transaction fee, along with an explanation.
💰 Converting WMLX to MLX Fees: Users are responsible for paying miner and bridge-related Ethereum blockchain fees when converting WMLX to MLX. A separate fee in WMLX is paid to the bridge agent, covering the burning of WMLX and the Millix network transaction fee.
For the most accurate and up-to-date information, please visit the official Millix website at 🔗 https://millix.org/articles.html .
📚 #Tangled #TangledSocial 🔄 #MillixToWMLX 🔒 #SecureTransactions 🔗 #MillixBridgeAgent
🔁 Wrapping MLX to WMLX: To convert Millix to Wrapped Millix, simply provide your Ethereum address. Each WMLX token represents one million Millix, with no fractional tokens available.
🔓 Unwrapping WMLX to MLX: When converting Wrapped Millix back to Millix, ensure your Ethereum address has sufficient ETH to cover Ethereum blockchain fees. Burning WMLX will transfer the underlying MLX from the bridge wallet to the recipient.
🔍 Open Source and Auditing: The bridge agent code and smart contract are open source, allowing anyone to review and audit the transaction data. You can even compare the Millix locked in the bridge address on the DAG with the Wrapped Millix in circulation on the Ethereum blockchain.
💸 Applicable Fees: Minting WMLX and sending it to the Ethereum blockchain incurs a transaction fee to the Millix network. Additionally, a bridge fee is paid to the bridge agent's Transaction Fee Millix address, covering the agent's costs for Ethereum blockchain fees. If a transaction is not properly funded or constructed, the bridge agent will refund the Millix minus a transaction fee, along with an explanation.
💰 Converting WMLX to MLX Fees: Users are responsible for paying miner and bridge-related Ethereum blockchain fees when converting WMLX to MLX. A separate fee in WMLX is paid to the bridge agent, covering the burning of WMLX and the Millix network transaction fee.
For the most accurate and up-to-date information, please visit the official Millix website at 🔗 https://millix.org/articles.html .
📚 #Tangled #TangledSocial 🔄 #MillixToWMLX 🔒 #SecureTransactions 🔗 #MillixBridgeAgent
| 16,000 mlx | |
| 90 | |
| 2 |