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Cross-chain exchange risk warning
Author:Ethereumgold
2024-02-25

Cross-chain Exchange and Token Minting Process:

 
Token Transfer: Send Binance Chain USDT to a specific cross-chain contract. Then, a smart contract on the Ethereum Gold (ETHG) chain mints an equivalent amount of USDT and directly deposits it into your wallet at a 1:1 ratio.
 
Decentralized Exchange Trading: After cross-chain trading, conduct various token transactions on EthGoldDEX and EthgSwap.
 
Reverse Conversion: To revert USDT from Ethereum Gold back to Binance Chain, please destroy the USDT on the ETHG chain through a smart contract. This process sends ETHG USDT to a burn address, triggering an equivalent amount of Binance Chain USDT to automatically return to your wallet.
 
Kind Reminder: Please do not directly transfer USDT on the ETHG chain to CEX exchanges. If needed, perform a reverse exchange through the cross-chain protocol. Before starting the exchange, ensure your wallet has sufficient gas fees!
 
Explore the ETHG USDT Minting Contract on GitHub: https://github.com/2023EthereumGold/contracts/blob/main/usdt.sol
 
Repeated Reminder: Do not directly transfer USDT on the ETHG chain to centralized exchanges. If you need to proceed, please use the cross-chain protocol for reverse exchange. Before beginning the exchange, make sure your wallet has enough gas fees!