Bridging $MOD from Ethereum to Fantom

Modefi
5 min readMar 19, 2021

To read more about why Modefi chose Fantom as a secondary network, please read this article.

If you are looking to transfer $MOD from the Fantom Network to the Ethereum Network, please follow the article linked here.

Moving your $MOD tokens from the Ethereum Mainnet to Fantom is simple and fast. If you have any issues or concerns please join the Modefi telegram group for assistance.

Step 1: Visit https://multichain.xyz

*****Multichain is no longer being supported, please use https://anyswap.exchange/#/bridge *****

Step 2: Connect Metamask to Multichain.xyz

Click Connect Wallet on the top right corner

Select the check box next to the wallet containing your $MOD tokens. Click “Next”, then “Connect”.

Step 3: Select token to bridge

In this case we are bridging $MOD from Ethereum to the Fantom Opera Network. So we will click on the icon in the “From” box

In the search box type MOD and select “MOD on ETH Mainnet

Step 4: Transfering $MOD token to the Fantom Network

Enter the total amount of $MOD tokens you would like to send to the Fantom Network.

*Note there are no fees to use the bridge during the ETH -> FTM bridging process aside from the usual ERC20 transfer fees. Min transfer of 12 $MOD.

You’re almost there!

Select the “Transfer” button and a Metamask window should appear. Leave the default Gas Price or check https://etherscan.io/gastracker for the most up to date gas prices.

Click “Confirm”. Once confirmed there will be a confirmation popup showing the status of your transfer.

Once complete you will see a link to both the Ethereum and Fantom Network bridge TX’s. You can click on either to see the details. You can click the “Transfer transaction successful” link to see the transfer of $MOD tokens to your Fantom wallet.

Step 5: Visit https://chainlist.org/ to add the Fantom Opera Network to Metamask

Connect your wallet to the Chainlist dapp (top right corner)

Once connected search “Fantom” and select “Add to Metamask”

Your Metamask will prompt to “Allow this site to add a network?”. Select “Approve”, then “Switch Network”.

You are now successfully connected to the Fantom Opera Network and you should see “Fantom Opera” in your networks dropdown within Metamask. Congratulations on connecting to one of the fastest and inexpensive EVM compatible networks.

Step 6: Witnessing the power of the Fantom Network and it’s low transaction costs

Now that your $MOD tokens are on the Fantom Network you can enjoy the fast and super low cost transactions, including trading (https://anyswap.exchange/swap) and staking (staking to be launched in the coming days).

The Modefi team would be happy to send a small amount of FTM to your wallet to help get you started, join our telegram and DM @Cryptoi0 or @limth

When making transfers or trades on the Fantom Network you can typically use anywhere between 1–22 gwei in gas. In most cases 1 gwei will work just fine, which will give you the lowest transaction cost possible.

Here’s an example of a trade completed on Anyswap. You can see the total transaction cost on the Fantom Network was 0.000037 FTM for the swap (approx. $0.000014 @ $0.38 / FTM).

So how many swaps / trades can we complete for just 1 USD worth of FTM??

$1 / $0.000014 per tx = 71,428

Wait!? Stop the madness! You can complete roughly 71k trades on Fantom’s Opera Network for only $1 USD of FTM!! 😱

Links to other articles relating to $MOD and Fantom

Fantom Network $MOD contract address
0xe64b9fd040d1f9d4715c645e0d567ef69958d3d9

Ethereum Network $MOD contract address
0xea1ea0972fa092dd463f2968f9bb51cc4c981d71

Modefi: An Oracle Solutions Platform

Website: https://modefi.io

Docs: https://docs.modefi.io

Telegram: https://t.me/modefi_official

Twitter: https://twitter.com/Modefi_Official

CoinGecko: https://www.coingecko.com/en/coins/modefi

CMC: https://coinmarketcap.com/currencies/modefi/

🦄 Buy $MOD on Uniswap

Fantom: Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps.

Website: https://fantom.foundation/

Wallet: https://pwawallet.fantom.network/

Telegram: https://t.me/fantomfoundation

Twitter: https://twitter.com/FantomFDN

Discord: http://chat.fantom.network/

Blog: https://fantom.foundation/blog/

CoinGecko: https://www.coingecko.com/en/coins/fantom

CMC: https://coinmarketcap.com/currencies/fantom/

Anyswap: Anyswap is a fully decentralized cross chain swap protocol, based on Fusion DCRM technology.

Website: https://anyswap.exchange/

Telegram: https://t.me/anyswap

Twitter: https://twitter.com/AnyswapNetwork

Medium: https://medium.com/@anyswap

CoinGecko: https://www.coingecko.com/en/coins/anyswap

CMC: https://coinmarketcap.com/exchanges/anyswap

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Modefi
Modefi

Written by Modefi

Building the foundation for real world adoption of Oracles and DeFi

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