The popularity that Binance smart chain has achieved is not more confidential; let me clarify why BSC has the potential to grow rapid; so let's get commenced;
Cost-effective;
the exciting and surprising aspect of BSC in comparison to Ethereum is low transaction fee; yes you got it right, check out this proof which has made investors cultivate an interest in other defi project and the most relevant and better-fitted preference is Binance smart chain;
Transaction speed;
ETH has been handicapped because of sluggish transactions and undoubtedly this diminishes its compatibility;
furthermore, the timely and rapid transaction on the BSC increased its fashionableness too; so why investors will rush to adopt huge transaction fee and slower process when BSC is already there;
The token for Binance smart chain is BEP-20 as like that of Ethereum ETH-20 but the fee structure and fast transaction makes it pleasing among all the Defi projects; also more than 60+Dapps are still being operated on BSC;
I am having the viewpoint to wrap 1up to Binance chain as it a much more advantageous and through taking this step we can get the traffic back as the enormous reason now is the elevated gas fee on ETH, more comprehensive description and guidance regarding this project is given by respected Pen bot
https://www.uptrennd.com/post-detail/will-1up-thrive-or-just-survive~ODczMDIx
don't forget to share your views;🖕
Now let's move straight to the topic;
Although there are many projects of BSC I am going to put light on PancakeSwap;
Preface👇!
It is a decentralized exchange (DEX)based on Binance smart chain; it came into the market in September 2020(just see the progress within an abrupt duration)the token is cake;
It is rapid; inexpensive and user friendly; yes everyone can use it with ease;
Yes anyone can participate;
You have an opportunity to stake your cryptocurrencies to provide liquidity to the exchange pool; in this way, you can earn very well;
Chances of winning and earning make it super affluent🥳;
Way of earning cake and staking is valuable; there are more than 16 pools available including UST; LINA; through swapping Cake, you can get a lot of profit;
Through staking cake you can get a lot of profit;
As pancakeSwap doesn't use ETH instead it is based on BSC👌🏻 thereby the speed is rapid and the transaction fee is much low as compared to ETH also here BEP-20 token is used; most probably you have to pay $0.02 to $0.04 and the duration is 5 seconds but ETH in comparison takes 5 minutes for transaction verification and the fee is $20🙄
How you can exclude your privacy; so DEX provides you the privacy of your assets with surety;
Lottery;
This is probably the distinct feature; apart from having fun it is an actual way of gaining
4 lotteries each day and after 6 hours you have renewed chance of trying your luck, but you have to burn 10 cakes for this😂
Let's see its progress on coingecko;
It has on the ranking of 55;the market cap is $1,641,647,777 trading volume is;$406,696,593 ;let's check the available supply;it's 131,440,531 ; but still the total supply is unspecified.
Supported wallets;
You can secure and trade your assets through trust wallet; wallet connect; any other wallet which supports BEP-20
Is pancakeSwap is safe?
Yes after being launch; during 5 months no issue has been reported till now; hopefully same will be assured in the forthcoming period too.
All the research is being done by me; the predicted calculation can have difference as I have analyzed it a day ago.
Join pancakeSwap here;
PancakeSwap
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https://www.uptrennd.com/post-detail/the-gems-of-binance-smart-chain-contest-1000-1up-to-grab~ODcyNzM4The header image is designed by me on Canva; thereby it's my property 😎😂kidding keep on testing your capabilities as I am doing 😍😁
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