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Filecoin (FIL): Storing humanity's information on PancakeSwap

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Avatar for PVMihalache
Written by   1132
2 years ago

We all love free crypto, and Coinbase Earn doesn't fail to deliver, sharing new coins and tokens almost on a monthly basis. In December was shared some Filecoin (FIL), a decentralized data storage marketplace, protocol, and cryptocurrency which was designed to store humanity's most important information.  This sounds cool enough to make me keep them.

But shall I keep it as a lazy coin on Coinbase? No! This is not an option! Filecoin must flip pancakes ... Filecoin must store pancakes! Sent them from Coinbase to Binance and paid £0.04 transfer fee.

From Binance the Filecoin was sent as BEP (BSC) to reach the Binance Smart Chain Metamask.

The token must be added manually as a custom token by copy/pasting the token contract address from BscScan.

The "storing humanity's most important information" hooked me up so the FIL will be added as Liquidity, in a pairing with Binance Coin (BNB). By keeping the pairing as Liquidity, I will earn Filecoin (FIL) and Binance Coin (BNB), from the fees.

Having under 0.01% share of the pool is expected, as the value of my pair is low. I got used to need digits after the dot to see my share. The fee paid to allow PancakeSwap to spend my FIL was $0.65, still just a fraction of what ETH gas fees are at the moment.

All set for now, and the pairing can be left to do the job. Not sure how 0.002% of the pool will generate, but hopefully I will get the transaction fees back at one point. If not I still have to option to move it as a CAKE farm and recover the investment after farming 1 CAKE token.

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Avatar for PVMihalache
Written by   1132
2 years ago
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Comments

FIL is competing with Golem, STX, NOIA and iEXEC?

$ 0.00
2 years ago

Are you using PancakeSwap?

$ 0.00
2 years ago

Not yet, but I have recently watched this awesome video where some guy used it. I think everybody who reads this, should watch the video, too. 😉

https://youtu.be/73fSe9CJXUQ

$ 0.00
2 years ago

True! Working on a Harvest Finance one and I may need your help

$ 0.00
2 years ago

Haha, I'm already considering buying a faster computer for my video editing career. 😅

$ 0.00
2 years ago

Sad, I don't have I.D to verify my account in coinbase 😒

$ 0.00
2 years ago

Coinbase is a nightmare for users in some countries

$ 0.00
2 years ago

Why?

$ 0.00
2 years ago

Endless waiting list for Earn

$ 0.00
2 years ago