5th of September 2021
Last week I've seen and read a lot of articles here regarding smartBCH. Knowing that it was a trend last week and even up until now.
I'm not yet expert of what really it is but if you want to know more about it then kindly check and read @Jane article entitled "Diving into the Sphere of Smartbch (Trying the benswap pool)"
In her article you will know deeper of what is SmartBCH and the benswap which was said to be the very first DEX (Decentralized Exchange) on SmartBCH.
In addition, in Jane's article you will know in there the steps or guide on how you can buy $EBEN and what are the wallets needed as well as the contract address of $EBEN (Green Ben) Token if you wish to dive or to buy as well and explore of what it is all about.
So, the first time I've read about it I said to myself that I won't dare to try it knowing that I'm still a noob in the crypto world and I'm afraid that I could lose my bch in case I'm not doing it right knowing as well that there are lots steps to follow. But when I read article of @Eybyoung , then article of @carisdaneym2 and many more who talked about it and not only here but also in the noise cash. My hesitations on trying it ended.
Last Thursday, I read again the article of Jane since I'm planning to try my luck in staking $EBEN token in the benswap pool. So, I follow the guide of Jane which was written in her article in a detailed way on how I can buy $EBEN token. But before that I already have the metamask wallet since I already hodl $Cats token as well.
I only have accumulated $Cats at first. Then I followed to try the staking of $EBEN. So, I downloaded the CoinFlex wallet since it is also needed in sending your bch from your bitcoin wallet and convert that into bch SEP20 which used in the metamask wallet to buy EBEN.
Following the guide were just easy. So I followed Jane's guide but I won't deny that I had headaches as well when I started to explore it. So, expected as a noob there were some errors along the way. I encountered some errors while I tried to navigate my coinflex. That is why I asked helped to Miss Eyb and Jane. Good thing that they both assist me along the process and lucky for me that Miss Jane were so generous as well. (You know what I mean sis, Thank you for that.)
So first of, I only bought $4 of EBEN but since there were some fees along the process so I was just able to buy $3 of EBEN and successfully staked 6 EBEN from it in the EBEN Pool on benswap dex.
Then the next day, Miss Jane chatted me. Why not I should buy $20 of it since the price of EBEN is increasing and has the chance to reach $1 per EBEN and more. So, of course I listened to her but I only added $10 since I don't have enough bch as well in my wallet. Therefore, a total of $13 of EBEN that I successfully bought and able to staked 24.645 EBEN from my $13 worth of bch and now my staked EBEN already earned 0.5 EBEN and counting.
Now the question is.
Do I really make profits from it knowing that I invested $13 of bch to buy $EBEN?
The answer is a BIG YES.
During the time that I bought EBEN, the price of the said token was at o.5dollars that is why from my 13dollars I able to have 24.645 EBEN. Then checking the price of EBEN now. It was already at 1.091 dollars.
See picture below.
Therefore, from my $13 which I able to have 24.645 EBEN basing on the price of EBEN now which is $1 plus. I now profited almost $14 already. So, it's more than half already from my investment which is only $13 and still excluded the EBEN that I earned from staking. It's not that much, but it's already a fulfilment for me since my investment wasn't wasted instead it increases more than a half. I am very happy that I tried my luck on this kind of thing since this is my first time exploring in the crypto world doing staking some tokens.
Then recently, I explored the benswap dex. As you can see in my metamask wallet I had another token aside from $EBEN and $Cats. I also had PHA (Alpha token) and sBUSD token. In PHA token, I had 110 from @NakamotoBch. Then just now, I explored on the swapping of token and I found out that I can swap PHA to EBEN and the time I swapped it 65PHA is 1EBEN. Since I don't know where to used the PHA so I just swap 65PHA to EBEN so I already had 1 EBEN in my wallet as well aside from what I staked and and earned from staking.
Then the token $Cats, I also found out that I can as well swapped it into EBEN.
By now as you can see, 4077.61 $Cats is equivalent to 1 EBEN. Since I have 21000 $Cats, therefore I can swapped that one into 5 EBEN. But I still not do it because I don't have enough sbch. So, I'm now sending another $2 to my coinFlex so that I can able to swap tokens like that.
I don't know if I'm right of planning to swap my Cats into a dog. Any suggestion? If I should HODL $Cats and wait for its price to pump or swap it to $EBEN instead. What do you think is the best thing to do? (Calling experts here. Charoott haha)
Then regarding to the other token which is sBUSD. I still don't know where to used that one. I'm still exploring. I seemed to be a DORA THE EXPLORER on the crypto space because of this Lol.
Is it a bad thing to aimed higher? Because for now I'm aiming higher for the $EBEN to pump $10 or more so that profits from it will also be more merrier. We don't know right? Maybe. Hopefully. We are in the crypto world and prices were dynamic so it may be possible.
Disclaimer: I'm not sharing this for financial purposes or advice. I'm just sharing my experiences and what I've learnt from it. So, if you wish to try it as well then kindly DYOR deeper for it.
In the crypto space, it's always TAKE AT YOUR OWN RISKS.
That's all for today everyone. Have a great day ahead!
"For my sponsors and those who upvoted my articles. I would like to say my deepest gratitude and happiness for you all since you always keep me inspired and motivated. Thank you so much. More blessings to all of us here. Love you all :) - @Janz
So can I use my bch to start it?