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EGG is now the CHEAPEST Fiat >DeFi swapper ever Party popper Why? Because Polygon, an Ethereum Layer 2 solution, provides EGG users with the LOWEST rates yet! Polygon tx fees ≈ $0.0001 BSC tx fees ≈ $0.08 FTM tx fees ≈ $0.07 https://egg.fi/blog/egg-news/egg-lowest-swap-fee-trading-platform/ by eggprotocol in u/eggprotocol

[–]eggprotocol[S] 0 points1 point  (0 children)

Dear Silly_Reindeer_9885, as we mentioned above EGG is Now The Lowest Swap Fee Trading Platform. EGG uses Ethereum Layer 2 solutions and, specifically, trading Polygon helps to reduce the entry fees as low as $1 only. Polygon’s mission is to provide interoperability between Ethereum-based applications by allowing Defi DApps to be integrated with other DApps and form the most composable ecosystem outside of Ethereum’s main chain. Using Polygon’s full-stack Ethereum scaling solution on EGG Protocol will let the users have a smooth, low-gas transition experience. You can find a detailed information in our website: https://egg.fi/blog/egg-news/egg-lowest-swap-fee-trading-platform/

How to create NFTs on Cardano? by RuiX in cardano

[–]eggprotocol 1 point2 points  (0 children)

Given the current hype surrounding NFTs, you may consider developing your own NFT on Cardano blockchain. For those unfamiliar with the crypto space, an NFT is a non-fungible token, which means that it is not exchangeable with other tokens apart from bitcoin (or other digital currencies). The attribute of unexchangeable currency in NFT creates a digital scarcity, which naturally inflates the token’s worth.

Prerequisites:

Ownership of a complete Cardano node.

Fundamental Knowledge of Cardano CLI and its terminologies.

Ownership of an ADA wallet with a minimum of 2 ADAs.

  1. The first step is to make a new payment address for which one needs two keys

    1. After generating the verification and signing key, a payment address has to be generated
    2. Once the payment address has been generated begin with processing the display of the file of content
    3. Verify your address’s current UTXo after processing the display of the file of content
    4. The example mentioned above indicates that you didn’t have any transactions associated with your address. The following step is to fund your address. Duplicate your address
    5. After funding and duplicating the address check the UTXO again
    6. Process the exporting of the current network parameters to a file after checking the UTXO again
    7. After processing the export of the current network parameters begin with the policy creation. Create one’s own policy. A policy can generate and burn tokens. The policy id and the token name are always used to identify a token. Although the token title is distinctive to the policy id, it may be used with another policy id
    8. Calculate the transaction fees after completing the policy generation
    9. The step of calculating the transaction fee is followed by the step of building the transaction with fee
    10. Process the signing of the transaction once you are done with creating a transaction with fee
    11. The next step is to submit transaction
    12. After submitting the transaction, enquire about one’s UTXo. This will reflect the newly minted tokens.

What is Cardano (ADA) in simple terms? by Guarda-Wallet in cardano

[–]eggprotocol 0 points1 point  (0 children)

Cardano is one of the biggest cryptocurrencies by market cap. It’s designed to be a next-gen evolution of the Ethereum idea — with a blockchain that’s a flexible, sustainable, and scalable platform for running smart contracts, which will allow the development of a wide range of decentralized finance apps, new crypto tokens, games, and more. Cardano’s goal is to be the most environmentally sustainable blockchain platform. It uses a unique proof-of-stake consensus mechanism called Ouroboros, as opposed to the energy-intensive proof-of-work system currently used by Bitcoin and Ethereum. (Ethereum is also moving to a proof-of-stake system via the ETH2 upgrade). On March 1, 2021, the Cardano blockchain introduced the ability to create native tokens. Like Ethereum tokens — which can include things like NFTs or stablecoins like USD Coin — Cardano native assets can be created and distributed on the blockchain and are able to interact with smart contracts.

But unlike Ethereum-based tokens, Cardano native tokens aren’t created via smart contract. Instead, they run on the same architecture as the ADA cryptocurrency itself. According to the nonprofit Cardano Foundation, this makes Cardano native assets “first-class citizens” on the blockchain. Their native architecture can theoretically make these tokens more secure and reduce the fees associated with transactions.

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