Benswap the first leading dex on Smart BCH

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Avatar for Idksamad7869
2 years ago

05.01.2022

Smart BCH was launched in august and at that time i didn't knew about what's coming ahead thought it's just an upgrade which will take BCH prices to next level but i was totally wrong

After a week or more heard about benswap the very first dex on SmartBCH i didn't bothered to do research that time pre sale happened and gone i was still confused what's going on and when i saw people's making profit after a successful launch of benswap on smart BCH prices went to the sky and it reached a new all time high of 2$ per eben.

Than i thought let's get into SmartBCH sent only 0.05bch using coinflex as a bridge took less than a hour that time to setup my Smart BCH

But now setting Smart BCH and bridging BCH is easy just follow these steps

  • Open metamask > browser> search marketcap.cash > click on add smart BCH to metamask (on top right side)> click add tokens

It's too simple to setup smart BCH within less than 5minutes everything is setup already and now wondering how to send BCH to Smart BCH follow these steps

  • No coinflex required coz time taking and hard < bridge BCH into sBCH> open hop.cash on metamask connect with metamask> select BCH>>smartBCH> copy address or send BCH to qr shown in screen

In next minute after transaction you'll receive your SBCH in metamask.

Smart BCH was too early that time so there was not too many projects and only benswap was the dex at the moment so it was my favourite dex and till now no one is able to beat benswap yet to many challenges for benswap still maintaining it's first position.

Benswap first leading dex on SmartBCH

There's so many dex available on Smart BCH at the moment but benswap was first dex and from past 4months no one yet born in Smart BCH to surpass benswap

Maintaining first position from 4months is a big achievement. Benswap has more TVL than any other dex on Smart BCH with pretty good volume per day and lots of other opportunities.

I'll share my views about this dex, my personal experience since start and their overall progress.

To be honest benswap gone through many challenges i still know when i bought eben and it started falling down to it's all time low i keep buying all time and there was a fud on going that time which was reason behind this peoples called them scammer etc they stood on their feets and in the end they won and we all know how they're standing on first position.

Benswap my first home in Smart BCH

I was scared while investing in smart BCH but i sent 0.05BCH with lowest amount to try it. At the moment there was only few projects on Smart BCH coz it was early and Eben governance token of benswap was performing nicely

Staking eben with my first investment

Bought eben and started staking it in pool i kept buying more when it was falling down below it's pre sale because of fud but later it strikes back and stood in its feet those who was holding are winner meanwhile rest of was crying though i sold mine as well but still left more than half knowing that it will rise.

Is it hard to use benswap as a beginner?

Yes! When i was a beginner it was hard but not too complicated like BSC. Basically these are some of difficulties i faced as beginner on benswap 4months back.

  • Confused how to stake my eben

  • Concept of farming was absolute confusing

  • Liquidity and it's purpose

I only was confused understanding these things but now i know how each and every thing works in benswap specially after 4months they're way ahead with so many new cool features.

Trading and adding liquidity to farm on benswap

First thing was trading a token on benswap and than adding it in liquidity to farm specific token on benswap this will help you to understand if you're beginner.

Trading and liquidity on benswap

We can exchange any kind of token on benswap through exchange all we need is to select what we want to sell or get like selling eben to get BCH and simply will approve and than swap.

It was easy for me as a beginner but liquidity option was always complicated for me to understand so let me explain it in simple language.

Liquidity has deep connection with farm we can provide liquidity to specific token with high risk and we can farm with low risk

Adding liquidity is too simple all we need is to click "add liquidity" first open farm see which farm has more APR or multiplier if it's "EBEN-BCH LP" simply add liquidity

Adding liquidity

Like this no big science after adding it's upto you if you want to farm and leave it like that.

Farms and pools on benswap

There's so many farms lot's of choices depend on you from EBEN-BCH to Cat-BCH there's 13 farms currently on benswap with different multiplier and APR highest currently is EBEN-BCH with 100x multiplier

My farm

I personally prefer farming EBEN-BCH pair and from past 4months continuously farming without harvesting.

One thing i like about benswap is no extra fees to farm there's dex on Smart BCH cost deposit fee offering high Apr but benswap is not taking fee's that's why most of peoples prefer to farm and stake on benswap that's why Apr of some farms is quite low.

Some best features in benswap

In these 4months benswap has achieved many things also they included many new features some of these are my favourite and here how it works.

Ben lock and sep20 factory

In toy section we get these two features Benlock is mostly used by those who create token and lock their tokens or liquidity for couple of years

Also if someone can't HODL their tokens and they want to hold let's suppose eben for a month simply use with help of benlock you can lock it for a whole month before month we can't unlock our token.

Meanwhile sep-20 factory is another feature to create new tokens easily on benswap.

Benswap IBO

We can kickstart our own project through benswap IBO there's some rule's and regulations all we need to follow and there we go with our own project.

Also some of projects are already launched successfully through benswap IBO like joystick and POTA.

My most favourite tool in benswap

The tool i like most in benswap is it's chartpro most favourite tool of mine in Smart BCH since beginning

These green and red lines are feelings absolute love nowadays kid started using dexscreener meanwhile benswap chartpro is from beginning and literally helped me many times.

Analytic (overview)

Last but not least because of overview feature in benswap i can manage things simply knowing which coin is top coin, 24 hrs volume total liquidity and everything is easy and simple that's why I'm in love with these two features.

Benswap listing on different places

Currently benswap is listed on coin market cap and coingecko spreading smart BCH every where.

Also its listed on Cex like BitKan,coinW,Hoo.com and how can i forget DeFi Llama where benswap is clearly shown on top of every other dex.

Trade now on Benswap: https://dex.benswap.cash

Must do your own research no financial advice at also drop your experience using benswap.

Looking forward to see benswap progress this year seeing their progress in just 4months I'm bullish this year with benswap hope smart BCH and benswap will rise in coming time for now let's just make this community peaceful and bigger place.

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2 years ago

Comments

Benswap has many features compared to others. I am using it too.

$ 0.00
2 years ago

Exactly!

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2 years ago

I still like benswap as it's easy to use than any others. Some dex is too laggy that it can be annoying sometimes tssk

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2 years ago

Indeed that's why i like it too ◉‿◉

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2 years ago

Benswap is the first Dex that I love to. It's where I learned how to stake tokens especially with EBEN and $CATS before. Now I am still staking my EBEN but never tried farming again

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2 years ago

We are same i also learned alot from benswap. Yup holding eben now was farming since 4months

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2 years ago

I consider Benswap the best decentralized exchange; I've used it at some point when I was into $CATS, I also staked some EBEN at some point and it was really fast and easy.

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2 years ago

Indeed you're right. My first projects where i invested was eben and CATs we are same! They're doing pretty good and more surprises coming this year for sure( ╹▽╹ )

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2 years ago