Ascended Tokens

The Acent blockchain has its own version of wrapping called “Ascending”, which allows users to convert BTC, ETH, or another wrapped contract as Acent-wrapped versions of their selected cryptocurrency. For instance, an ascended ETH will become AETH and WBTC to ABTC and will be sent to the user’s Metawallet. The ETH or WBTC will then be held in custody within smart contracts to maintain a 1:1 value between the original and ascended tokens.

ETH and ERC20 tokens will be equally transferable as ascended tokens on the Acent chain.

The Ethereum Bridge Smart Contract (EBSC), Crypto Bridge Oracle (CBO), and Acent Bridge Smart Contract (ABSC) via Acent Token Bridge (ATB) will facilitate the wrapping and ascending of corresponding tokens, similar to the Eth ACE to ACE swap/conversion process.

The Acent Governance Smart Contract facilitates the nomination, approval, and listing of wrapped or ascended tokens on the Acent Blockchain.