The market for Non-Fungible Tokens (NFTs) is rapidly evolving and expanding. On all blockchains and ecosystems, NFT projects and opportunities are flourishing and accelerating.

However, each blockchain suffers with specific and particular problems: high fees, scalability, security, or lack of users. To solve this problem, Hedera Legacy partnered up with Bunny Punk NFT on the Elastos Smart Chain, and has developed a NFT cross-chain bridge to allow interoperability with other blockchains, and collaboration in product design.

Bunny Punk NFT has been building in the NFT space and Web3 development for several years. They have a history of collaborating and working with other projects, handling challenges and engaging in opportunities.

With the myriad options proliferating in digital currencies, NFTs and DeFi, we believe that the future of Web3 will be all about cross-chain interoperability. The team is devoted to contribute to interoperability solutions between chains, making multichain collaborations.

You can also read more about the link between Hedera Legacy & Bunny Bunk in our latest Medium article , a quick read packed with all the details that shows how this idea was born.

Hedera Legacy: The Dream “Our goal is to attract as many NFT enthusiasts across multiple chains . We hope that, with the popularity of NFTs, the Hedera community will grow and grow, allowing all users to be more aware of what can be achieved on all the associated chains."

A key product that allows users to access and interoperate with other chains and platforms is the cross-chain bridge. With the future of Web3 moving towards interoperability, cross-chain bridges are needed for users to interact with one another and collaborate while building innovative products, for cryptocurrencies and NFTs alike.

Each growing blockchain has its own unique strengths, such as: security, transactions, scalability, speed and user activity. Our mission is to bring NFTs from other chains to the Hedera Network and, in turn, from Hedera to wider markets through our NFT cross-chain bridge. This means greater exposure for NFT creators, and better liquidity for asset holders.

$HLEG will be the utility token built on Hedera Network that will power the cross-chain bridge. The $HLEG Token will have a main function: access to our bridge. After the launch, $HLEG will be available on Saucerswap, and on Chainge Finance that will facilitate cross-chain swaps

Tokenomics

$HLEG distribution and tokenomics Schedule

● $HLEG is pre-mined with a total supply of 50,000,000 tokens

● $HLEG token will be utilized as payment for the bridge and will have a staking utility

● Each TX made on the cross-chain bridge, staking dapp and farming dapp will burn X amount tokens instantly, to be determined after the token launch

● $HLEG is deflationary

● As the value of the token varies, the bridge fee will adjust accordingly

● Reports of the burned $HLEG tokens will be provided quarterly

Token Launch

The $HLEG token launch is coming and will be available on SaucerSwap. $HLEG is the utility token on the Hedera Network that will power the cross-chain NFT bridge. $HLEG Token will have the main function of granting access to the bridge.

$HLEG is the utility token on the Hedera Network that will power the cross-chain NFT bridge. $HLEG Token will have the main function of granting access to the bridge.

● Token name: $HLEG (Hedera Legacy)

● Total token supply: 50,000,000

Liquidity

There will be a liquidity pool on SaucerSwap. In the future this will be extended to new chains as the bridge grows to interoperate with other ecosystems.

Pool 1A (Ecosystem)

Manual HL NFT for $HLEG - Stake your HL NFT and earn $HLEG, claim and compound manually. Will be active soon after the launch

Pool 2A (Ecosystem)

Stake Hedera Legacy NFT for future benefits; like Whitelist spots and airdrops

● Each NFT has a minting price of 1,475 $HBAR

● Each Hedera Legacy staked earns 1 credit point a day. 90 credit points will give access to claim your Whitelist Spot for upcoming drops or will make you eligible for airdrops.

Special spool (Community)

This pool will have its individual start/end date within a certain block time. The special pool Hedera Legacy for $HBAR will get funded by the treasury.

● Stake HL NFT for $HBAR

In celebration of our launch, the community pool will be the first to open until one month after the launch. Everybody will be eligible to stake their NFT to earn $HBAR

After the celebration, the pool will have a block-time started/block-time ends mechanism. This means first-come first-serve (FCFS) principle.

The evolution of NFT’s is just getting started and rapidly expanding. To be most effective as an ecosystem and to prevent lagging behind in NFT innovation, there has to be a cross-chain interoperability in NFTs. The space is maturing and we believe that over time more will realize the importance of NFTs. They can be used and programmed in an infinite number of ways. They can represent ownership, QR-codes, characters in the gaming industry, digital version of vehicles service booklet, and many more. The implementation of the cross-chain bridge is needed and necessary.

A key product that allows users to access and interoperate with other chains and platforms is the cross-chain bridge. With the future of Web3 moving towards interoperability, cross-chain bridges are needed for users to interact with one another and collaborate while building innovative products, for cryptocurrencies and NFTs alike.

Our cross-chain bridge will use a mint-and-burn protocol to preserve the integrity, scarcity and ownership of the original asset. When the NFT leaves one blockchain, it is locked, and an equivalent NFT is minted on the target blockchain. Conversely, when the NFT bridges back to its original network, the “wrapped” NFT is burned. All associated NFT assets will be able to bridge to other chains and back again.

The bridge can be accessed through a Web3 via Walletconnect and/or Hashpack Wallet through the website. Both individual NFT assets or collections can be moved cross-chain and this service will be facilitated by the $HLEG token. Each transfer made on the cross-chain bridge will burn an amount of $HLEG tokens instantly. As the value of the token varies, the bridge fee will adjust accordingly. Reports of the burned $HLEG tokens will be provided quarterly

The lack of interoperability is a problem for the future of NFT innovation. Therefore, Hedera Legacy & Bunny Punk persist in building and expanding the multichain vision.

Over the last couple of months we had many challenges in building a NFT staking platform and a cross-chain bridge for NFTs. Among the many challenges we had is integrating the Hedera Network to our already excising platform and bridge (Bunny Hop).

The treasury will significantly benefit the project. It will function as liquidity allocation for the special pools as mentioned in the category staking pools. There will also be a portion of the funds added to the treasury with each NFT minted.

We believe by managing the treasury wisely and responsibly, the project can benefit in the long run. We, as community members, want to support a sustainable model where we can reward those engaging with our project.

The surge of interest in crypto technologies and NFTs, and the myriad options available on a multitude of networks makes it hard to reach a specific audience, particularly for nascent upcoming young projects. Therefore, marketing tools are necessary for the growth of our project and future collaborations.

A blockchain bridge provides a connection between other chains. This involves continually updating and maintaining the cross-chain bridge. A significant challenge is to maintain the highest level of security. This means developers will monitor and evaluate continuously.

The cross-chain bridge will initiate in BETA phase. This means that all major features and functions are working, but its efficiency and security still needs further testing. This can only be accomplished with the use of the bridge. Any bugs discovered by users and developers will be swiftly resolved by our development team.