Join 76,292 users and earn money for participation

Staking on BenSwap - The first DEX on SmartBCH

19 215 boost
Avatar for carisdaneym2
Written by   480
1 month ago

As I got to know about SmartBCH, spreading the news to every BCH Hodlers and traders will be fun for sure. I tested my MetaMask account and connect it to the SmartBCH network to receive and send Sep20 tokens.

One day a friend of mine introduced the BenSwap to me. The DEX is also new so they don't offer lots of pool yet compared to Pancakeswap.

Because of that, I decided to write an article about BenSwap and how it works but if you are using pancakeswap the features are very similar to it and have a user-friendly interface.

Staking in crypto is somewhat a process of locking up your crypto holdings to verify transactions and support the network. In exchange for that, you are able to obtain rewards and earn interest by just putting them in a pool so instead of letting your coins sleep in your wallet, you make passive income by staking them on pools. Of course, this is cryptocurrency involved which mean it's at high risk, I just want to remind you that this is not a piece of financial advice, please always remember to DYOR- Do Your Own Research and please do not invest more than you can afford to lose.

The Good thing about BenSwap is, it is the first decentralized exchange (DEX) on smartBCH and they also have BenSwap on Binance smart chain (BSC) but instead of Green BEN (EBEN) Sep20 they are using Golden BEN (GBEN) Bep20. Visit the links below.

As of now, BenSwap is offering EBEN presale The Green Ben (EBEN) presale has reached its soft cap (30 BCH) and they sold more than 150,000 already. Yield farming will start and the presale will continue until 12 hours before the farming starts.

To participate in presale got to this link https://benswap.cash/presale and support the project and its network.

Staking EBEN on BenSwap (SmartBCH network)

Since the farming is not yet open, I will just share how I stake my EBEN on BenSwap.

To buy an EBEN token, you need to have a Sep20 token, you can send your Bitcoin cash to CoinFLEX and send it to your Sep20 address (In my case, I sent it to my MetaMask address smartBCH network) then connect your wallet to BenSwap to buy EBEN ( I bought been on their presale) you can stake it with high APR and low transaction fee compared to pancakeswap and cub finance haha.

You can read this on how to set up a smartBCH network on Metamask and how to get some Sep20.

Step by step process

  • Open Benswap and connect your Metamask Account - smartBCH network.

  • Go to the Presale section and buy EBEN using your BCH

In the picture above, I bought 50 EBEN worth 0.01 BCH with a 0.000108 bch gas fee. Click the confirm button then the metamask extension/app will show up to confirm the transaction.

  • After buying, Go to the Pools section, and stake your EBEN.

To enable stake, you need to approve the contract > click approve the contract and metamask notification will show up again for confirmations. In the contract you have to pay at least $0.05 in BCH SEP20 then don't forget to click the confirm button and wait for it a little bit.

And finally, I successfully staked my 50 EBEN on Benswap with 12,004.28%.

Listing SEP20 Tokens on smartBCH BenSwap

You can also list your sep20 token on benswap if you have one by providing all these pieces of information on Ben Token Telegram. http://t.me/bentokenfinance

  • Logo (preferably 128x128 png with transparent background)

  • Network (Amber Testnet or Mainnet)

  • Token Name

  • Symbol

  • Decimals

  • Address

  • Website

  • Description of your project and plans etc.

  • Sending a little bit of your token to deployer address (0x7E5f130366643304F52444Ef2F925c88316F6A45) for testing purpose.

  • Do not forget to Add liquidity (before or after listing)

SEP20 tokens that are listed on BenSwap as of now

  • BCH sep20

  • EBEN

  • WBCH

  • $CATS

  • SPICE

  • HONK

  • LAW

  • VANDALS

  • sVNT

  • ZOMBIE

Author's Note:

This is not financial advice. Please always DYOR

[Published without proofreading. Apologies for the typographical and grammatical errors.]

Article #90 (August 26, 2021)

Hi! Welcome to my humble abode. Thank you for sincerely reading my content and I really appreciate your visits, likes, upvotes, comments, and subscriptions so thank you so much. I hope this article helps you in a little way.

Connect with me and let's be connected with each other. What if, you are the one that I was waiting for? I will gladly welcome you with open arms. See you around! Or in my comment section? Don't be shy and type what you got.



19
$ 12.95
$ 12.33 from @TheRandomRewarder
$ 0.10 from @Ruffa
$ 0.10 from @Codename_Chikakiku
+ 10
Avatar for carisdaneym2
Written by   480
1 month ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Still reading this guide oh how to stake in BenSwap. Unti unti na po akong natututo. Thank you po sa mga gantong tutorial. Very helpful po talaga sya.

$ 0.00
1 month ago

Auto save lang to ulit sakin haha.

$ 0.00
1 month ago

Desktop lng b to? Panu sa mobile?

$ 0.00
1 month ago

Pwede din po sa mobile, punta lang po kayo sa settings ng metamask account, dun sa browser niyo po search ang benswap.cash then connect wallet lang po tas smartBCH ang network

$ 0.00
1 month ago

Hndi ko nga maopen sakn. Nag reg ako jan dati pro iuninstall ko. Ngayon hndi ko ma install ulit kc existing na yung email ko

$ 0.00
1 month ago

Sanaol talaga. Payaman na to. Hahaha! Try ko nga din to soon. 😹

$ 0.00
1 month ago

Magdilang anghel ka👀💚🤑🤑🤑😂

$ 0.00
1 month ago

Tsk, till now ayaw pa rin sakin huehue. What to do, na try ko na lahat maliban sa pag Authenticate sana 🤕

$ 0.00
1 month ago

Ang irereply ko dito ay, congratulations 😂 may eben kana hahaha

$ 0.00
1 month ago

Ahahahaha, si BINEMON naman sana hahaha

$ 0.00
1 month ago

May 10 busd ako sa metamask . Pede ba yon inconveet dyan?

$ 0.00
User's avatar Yen
1 month ago

Pwede po pag sep20 na ang BCH, same lang po ng BNB and BNB bep20

$ 0.00
1 month ago

saved! for future purposes HAHA

$ 0.00
1 month ago

Thankies :)

$ 0.00
1 month ago

Can we swap that EBEN for BCH?

$ 0.00
1 month ago

Yes po, BCH sep20 to EBEN vice-versa you can check it din po sa benswap to confirm, but since new pa lang ang benswap 2 pools palang ang offer sa pool nila- staked eben to earn eben and stake WBCH to earn eben ang pag stake palang ng eben ang available. Not advisable to use swap features for now.

$ 0.00
1 month ago

Ahh okay, I see. Kala ko available na hehe pinapanood ko lang yan Benswap ,sana available na yan soon hehe. Save ko na lang muna to

$ 0.00
1 month ago

Parang gusto ko to itry, malaki naman trust ko sayo❤❤😅, wala namang masama kung susubukan diba.❤❤

$ 0.00
1 month ago

Dyor din ka mushroom ah :)

$ 0.00
1 month ago