Blockchain interoperability protocol Connext unveils token, plans airdrop

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Blockchain interoperability protocol Connext unveils token, plans airdrop
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NEW: Blockchain interoperability protocol Connext unveils token and plans for airdrop (via Yogita_Khatri5)

Connext has unveiled its native token as it plans to convert into a DAO.

Connext provides infrastructure for blockchain interoperability. Its network's most basic use case is that of a crypto bridge — allowing activities on multiple blockchains."You can, for example, borrow money on Ethereum and spend it on Polygon via the Connext network," Arjun Bhuptani, co-founder of Connext, told The Block.

NEXT will have a total supply of 1 billion tokens. All the tokens have already been minted, but they are not yet publicly available or transferable.

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