Hey All,
I was having some #USDT around $70+ lying ideal on the Arbitrum ONE network and I wanted to use these funds to buy some other tokens. And I was wondering how should bridge, transfer or as matter of fact liquidate #USDT from Arbitrum ONE Network and make the best of use of it. There were options like bridging the tokens but then it was coming out to be expensive and then I thought why not transfer #USDT to my Binance wallet and there I can do anything with it.
After having exhausted all the options of using a bridge which was turning out to be expensive I decided it will be better off to transfer tokens to binance and then take further actions. And here I am with successfully moving #USDT from Arbitrum to my Binance wallet.
It just took a couple of minutes for the funds to arrive on Binance and I was happy to find out a cheaper way as opposed to using a bridge and exhausting higher amounts in terms of gas. Ok now what with these funds - to be honest I am planning to increase my #VET stake and here is the order already put up to buying #VET. At the moment I have close to 50K+ #VET in my wallet and the GOAL if to have at least 100K+ #VET tokens. Though this is a smaller purchase but anything [small or big amount] is in the right direction.
Currently, #VET is ranked 37 as per congecko and is trading around $0.037+ cents with a marketcap of $2.7+ Billion and a total supply of 86+ Billion tokens that's' too much of tokens in supply isn't it? If you HODL #VET token in your VeWorld wallet then you are sure to earn VTHOR tokens as well. The Vechain platform consists of two separate tokens:
VeChain Token (VET) and
VeChainThor Energy (VTHO).
VET is employed for transferring value within VeChain's network, while VTHO serves as energy or "gas" to facilitate smart contract transactions. Will not get more into the VeChain token #VET but the GOAL is to BUILD & #HODL #VET token as well. Hence, as I mentioned all #USDT will go in purchasing #VET and then I will move #VET to my wallet to further get #VTHO token. That is all for this post today..until then just keep building your crypto portfolio... cheers
Did you ever try to bridge crypto assets from Arbitrum ONE network? Expesive Vs Cheap transfer? What options did you explore to move crypto assets from one chain to another? Let me know your views in the comment section below..cheers
#usdt #arbitrum #coins #transfer #liquidate #network #binance
Image Courtesy:: metamask, binance, chainport
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers
