ODEM has partnered with Axelar.Network to build a gateway to provide token conversion from Ethereum to Algorand that will be live in August 2022.
Once the Axelar.Network Algorand bridge is made live, token holders can drop Ethereum-based ODEM Tokens onto the bridge, and in return, receive the new Algorand-based ODEM Tokens.
The bridge will also directly accommodate exchanges like Bitbns and DragonEx, allowing them to automatically exchange any ODEM Token holdings into the new Algorand Token.
ODEM will set a period of up to six months to let token holders exchange their tokens.
ODEM also expects greater liquidity as the Axelar bridge will additionally allow token holders to acquire ODEM through any pairing featured on the ODEM Platform.