Ellipse Platform Unveils Token Launchpad on Arc with Four Supported Assets

The Ellipse platform on Arc combines three products: a bridge that brings assets from other chains to Arc, a token launchpad, and a swap interface for the markets created there.

ELLIPSE is the platform token. The bridge supports four assets: GLD and CRCL come from Robinhood Chain, while BTCB and USDT come from BNB Smart Chain.

When a user deposits one of them, the original tokens stay locked in a custody vault on the origin chain and a claim token is minted on Arc: bGLD, bCRCL, bBTCB or bUSDT. A redemption burns the claim on Arc and releases the original asset.

The launchpad allows anyone to create a token through it. Every launch has a fixed supply of 1,000,000,000 tokens, and the creator chooses the pair: one of the bridged assets or ELLIPSE. Trades pay a 1% fee.