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hackfisher authored Apr 17, 2024
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# xToken
# XToken

xToken plays an essential role in Helix's business by hosting user assets and facilitating cross-chain asset transfers. It operates based on an asset registration and cross-chain protocol rooted from the CBA (Cryptocurrency Backed Asset) model.
XToken is crucial to Helix's Bridge as a Service (BaaS) by offering a framework and service for custodian dapps or token owners to create bridges across different chains. It utilizes the Cryptocurrency Backed Asset (CBA) model to map tokens, ensuring a reliable issuance and redemption process during bridging.

## Terms

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