Testnet Launch

Today, we’re excited to announce the official launch of our Testnet.

Launched on 5 Testnet networks

Allgate contracts have been deployed on 5 blockchains: Ethereum Goerli, BNB Chain Testnet, Polygon Mumbai, Avalanche Fuji, and Fantom Testnet.

Application

We encourage everyone to participate in our Testnet using Dapp at: https://www.allgate.io.

Testnet Phase One - The scope

Ultimately, Allgate will enable the creation of entirely new OFTs (Omnichain Fungible Tokens standard developed by LayerZero) and make existing tokens OFT. For now, during Phase One, we are focused on the abovementioned possibility of quickly deploying your own OFT from scratch. The latter feature will be introduced in Phase Two of the Testnet.

That being said, here’s the official Guide on how to use Allgate.

Guide - Deploy your OFT

Go to our Dapp and use the Create OFT button.

Choose the New OFT option. The Proxy OFT (Migration, existing tokens) is of out the scope of Phase One and will be enabled starting from Phase Two.

Fill out the basic token details form. Set the OFT name, symbol, decimals (18 is the most common option) and total supply - this is the number of tokens that will be minted to your address as a deployer.

Connect your wallet and click on the Deploy button. After the transaction completion, you’ll be redirected to your new OFT Page where you can manage your token.

Note, that currently your OFT is not connected to any OFT on other chains. Use the steps described above to create your second OFT on some other blockchain. In this example, we’ve deployed our OFTs on Polygon Mumbai and Fantom Testnet.

Next, go to your first OFT Page again and click on the Connect remote OFT button. Paste the token address of your second OFT and select its chain. Confirm the transaction.

You should be able to see now that your first OFT has 1 remote (chain) connected. That’s why the basic charts for tracking your OFT transfers, inflows, and outflows, should become now available (but still empty).

It’s necessary now to go to your second OFT Page and repeat the Connect remote steps to connect your second OFT with the first OFT. Each connected OFT (remote) should be connected in both directions. This provides a security mechanism for OFTs to only accept cross-chain transfer requests from trusted remotes.

Now, after you have connected at least 2 OFTs, you can **go to the Transfer Page. **Connect to the chain (network) on which you have deployed your OFT and paste your OFT (from this chain) address. Click Next.

In our case it was Fantom Testnet with the OFT address: 0x7912b85a17e30dba071670a33fb3a32de0873d23.

Now, the only thing left is to set the destination chain (click on the bouncing destination chain icon. You should see 1 chain available - the one that you set as remote in the previous steps) and the amount of the transferred tokens. Click the Send button and confirm 2 transactions - Approve and Send. Make sure that you have enough tokens in your wallet.

After the transaction completion, you should be able to look into the LayerZero Scan Explorer. Usually, tokens transfer should complete at the destination within 1-3 minutes.

The transaction is successful. Note that the LayerZero Scan usually updates the status a few minutes after the real transaction completion.

Summary

To sum it up, we understand there’s a lot to it, especially for non-technical users. The Transfer (bridging) part is simple but the OFT creation and management part is designed to make things easier and more automated for future real OFT deployers (project owners). Using Allgate, the deployment of OFTs and making existing tokens OFTs is simple and doesn’t require technical knowledge. We also provide analytics for your created tokens and the ability to connect deployed OFTs via UI. For the everyday user, the most often-used part of the Dapp will be the Transfer Page where we can simply move our tokens between connected chains. Nonetheless, we encourage everyone interested to at least try on their own to complete the steps - deploy your own OFTs, connect them, and transfer tokens between chains.

Because of the abovementioned reasons, Allgate Team will now mainly focus to:

  1. Process the feedback from Users who at least managed to complete all the steps.

  2. Track the on-chain results of your activity regarding the OFT creation and transfers.

  3. Work on delivering Phase Two of our Testnet.

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