The PreSend Solution
PreSend takes a strategically proactive approach, considering the problematic nature of having hundreds of different blockchains that aren’t necessarily compatible or communicating with each other.
What PreSend does is aid it’s users in the avoidance of a mismatched, in terms of blockchains, transaction from happening. PreSend nips this in the proverbial “bud” from the start, this way the transaction never goes through.
PreSend’s proprietary, provisionally patented, and patent pending software performs automated double-checks to ensure that the user has entered valid transaction details, and the user doesn’t have to do anything extra for this process to complete.
Three rounds of checks are performed that cancel transactions if:
The receiving crypto wallet or crypto exchange does not support the token to be transferred (IE: token doesn’t exist on the chain/exchange).
The blockchain network selected for the target address doesn’t match the token standard of the token to be transferred (example ERC-20 to a BEP-20 address – IE: incorrect blockchain).
Any transaction that fails one of the two checks is terminated and an alert is sent to the wallet as to why this transaction could not be performed.
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