QLC Cross-Chain Swap Announcement

Dear QLC Community,

To start off this update, the QLC team would like to thank the community for your continued support and contributions to our team. So, as of now, we are working on developing our current technology in Cross-chain swaps.

DeFi Update- QLC Cross-chain Swap

After the creation of the new MEF standard, which was initiated by QLC Chain, we plan on launching a new DeFi product! This new venture will be a supplement to our current financial services with the implementation of the new QLC ERC20 Token.

QLC ERC20 Token

The QLC cross-chain swap is designed to allow for interchain communication between QLC and the Ethereum DeFi ecosystem. If you’d like to swap, the QLC NEP5 Token and QLC ERC20 Token can be swapped at a ratio of 1:1 with no transaction fee. The entire QLC cross-chain swap system consists of the front end, NEO smart contract, cross-chain HUB, and Ethereum smart contract. The image below shows the process of the swap:

  • When the QLC NEP5 Token is swapped for QLC ERC20 Token, the QLC NEP5 Token will be locked in NEO smart contract.
  • When the QLC ERC20 Token is exchanged back to QLC NEP5 Token, the corresponding QLC ERC20 Token will be destroyed by the Ethereum smart contract.
  • There will be no additional issuance during the QLC cross-chain swap process. The total supply of QLC remains unchanged.
  • QLC ERC20 Token is not applicable to centralized exchanges.

How to Swap?

To perform a swap visit: https://explorer.qlcchain.org/swap

About QLC Chain

QLC Chain is to resolve the data trust and security problem in the communication industry, it provides network automation of billing/reconciliation/settlement/payment/custody to telecom operators utilising blockchain technology.

QLC Chain offers telecom operators with inter-carrier connection and financial consultancy services as well.

From the ledger structure perspective: QLC Chain supports each account to have its own chain of ledger integrated with telecom service capabilities, named the multi-dimensional block-lattice structured ledger.

From an adoption scenario perspective: QLC Chain’s mission is to create a secure and trusted environment for communication services and to narrow down the digital divide by leveraging Distributed Ledger Technology, enabling everyone to operate and benefit from network services.

QLC Chain solution suite includes:

  1. A blockchain-based DoD (Data on demand) platform to process inter-carrier settlements in a trustable, auditable and automated manner and enable frictionless on demand commerce and federated network for information and communications service providers
  2. A blockchain-based A2P SMS settlement platform with its product suite including an A2P SMS settlement solution; Anti-SMS swap solution, and QLC Chain soft-sim identity for IoT devices.
  3. A blockchain-based DID (Decentralized ID) communication authentication solution which is intended to authenticate, authorize, and access blockchain identities and security properties in network service such as SD-WAN/MPLS/cellular network/5G slicing network.
  4. A solution that enables enterprises and operators to use crypto wallet and stable coin payment for supply chain.

Website:https://qlcchain.org/
Github:https://github.com/qlcchain/
Twitter: https://twitter.com/QLCchain?lang=en
Linkedin:https://www.linkedin.com/company/qlcchain/
Telegram: https://t.me/qlinkmobile
Medium:https://medium.com/qlc-chain
Reddit: https://www.reddit.com/r/Qlink/ and https://www.reddit.com/r/QLCChain/
Youtube: youtube.com/c/QLCChain
Facebook: https://www.facebook.com/QLCchain/
Blockfolio: https://blockfolio.com/coin/QLC

Chinese Version

QLC Chain最新DeFi探索 — QLC ERC20 Token

QLC Chain发起的新MEF标准成功通过后,在DeFi领域QLC Chain展开了新的探索。QLC Chain计划推出DeFi新项目,作为金融对接服务的补充。而新DeFi项目的第一步是扩展QLC Token的应用场景。

QLC Token — QLC是QLC Chain的协议通证,用户可以享有多种权利,包括为通信服务发行通证,抵押等。

跨链 DeFi 的探索

QLC跨链兑换可以实现QLC与以太坊DeFi生态体系的互通,同时整个兑换过程实现零摩擦,保障QLC支持者的权益。

在确保用户资产安全的前提下,用户可以自由将QLC NEP5 Token兑换为QLC ERC20 Token。整个QLC跨链兑换系统由前端、NEO智能合约、跨链HUB、以及ETH智能合约组成.

  • QLC NEP5 Token 兑换为 QLC ERC20 Token操作时,QLC NEP5 Token会被锁定在NEO智能合约中。
  • QLC ERC20 Token 兑换回 QLC NEP5 Token操作时,相应的QLC ERC20 Token将被智能合约执行销毁。
  • QLC跨链兑换过程不会出现增发情况,QLC发行总量不变。
  • QLC ERC20 Token 不适用于中心化交易所.

如何跨链兑换?

访问 https://explorer.qlcchain.org/swap

关于QLC Chain
QLC Chain致力于解决通信行业中的数据信任和安全问题,利用区块链技术为电信运营商提供计费/对帐/结算/支付/托管等网络自动化服务。同时,QLC Chain还能够为电信运营商提供运营商之间的连接和数字资产金融服务。

从区块链数据结构的角度:QLC Chain支持每个账户将其自己的分类账本与电信服务功能集成在一起,我们叫账户链结构。

从应用场景的角度:QLC Chain致力于为通信服务创建一个安全可靠的环境,并利用分布式账本技术缩小数字鸿沟,使每个人都能操作并从网络服务中受益。

QLC Chain解决方案包括:
一、基于区块链的DoD(按需数据)平台,通过可信赖、可审计和自动化的方式处理运营商间结算,并为信息和通信服务提供商实现按需无交易摩擦的商务和联合网络。

二、基于区块链的A2P SMS结算平台,其中包括A2P SMS结算解决方案,物联网设备的Anti-SMS交换解决方案和soft-sim身份。

三、基于区块链的DID(去中心化ID)通信身份验证解决方案,旨在对SD-WAN / MPLS /蜂窝网络/ 5G网络切片等网络服务中的区块链身份和安全属性进行身份验证,授权和访问。

四、基于区块链的支付方案,解决企业和运营商能够使用数字货币钱包和稳定币支付来做供应链管理

网站:https://qlcchain.org/
Github:https://github.com/qlcchain/
Twitter: https://twitter.com/QLCchain?lang=en
Linkedin:https://www.linkedin.com/company/qlcchain/
Telegram: https://t.me/qlinkmobile
Medium:https://medium.com/qlc-chain
Reddit: https://www.reddit.com/r/Qlink/ and https://www.reddit.com/r/QLCChain/
Youtube:youtube.com/c/QLCChain
Facebook:https://www.facebook.com/QLCchain/
Blockfolio:https://blockfolio.com/coin/QLC

The first public Chain for decentralized Network-as-a-Service! Visit our website at https://qlcchain.org/ Twitter @QLCchain