read.cash Log in
@leejhen more from that month

Journey to Crypto World: Farming at Pancake and Beefy

I don't know how to start to write. As this is my first time writing about cryptocurrency. Well I should start at the very beginning of my Journey. I'm not very fluent in English so please bare with me if there is some grammatical error along the way. But with visual presentation I hope it would be understandable especially newbie like me who wants to try farming too. As we all know I started earning real Crypto here in read.cash and must very thankful for that. Then there comes noise.cash, I started to join Last December 25, 2020 and my earnings was the starting point to Start my journey into the Crypto World. A very Big Thank you to read.cash and noise.cash for their platform that can truly helped people like me especially in terms of cryptocurrency. Then along the way of interacting at noise.cash I met some new friends. A Crypto enthusiast to be exact. I joined the friendly community at telegram where is the goal is helping each other learn and earn. So I decided to try and invest my earnings into farming. And by the help of Ashish @Ashma for his knowledge and experienced in Crypto world talking with them in the group really helped me a lot and some other newly friends too, like Anabiya who is still exploring the Crypto space and trading fiercely win or lose. And bmcj98 who always shared her trading Experienced Articles and Jane who successfully done trading many times. And by looking and reading what they went through. I wanna make a try too and see how far can I explore the Crypto World. A Sincere Thank you, most especially at @CryptoSorted who's been my guide in the world of farming. Although my brain has a lot of confusion but still he managed to have patience in me and guided me until I successfully done my first Farming. Never did I thought that at this age of mine I can still meet some friends from around the world not personally but virtually. I still consider them as one of my friends. And of course learned Crypto. It's never been too late. There's a time for everything. So now, Let me share with you my Journey to Farming at Pancake and Beefy. To start, the very First Thing to do is to transfer some Crypto or tokens in Binance. Since all I got is BCH. I transferred some of it in my Binance account.

I have $8 dollars at that time and thought it would be enough but Ashish said $12 or $15 dollars will do as I will undergo many transactions.

So I swapped my stable coins into Bch worth $7 dollars but I only send $5 dollars to binance. Overall I've got $13 Dollars ready for farming.

I converted my small assets of BCH into BNB.

As you can see from the above screenshot photo it was already converted into 0.030481204 BNB. Now let's go to my Trust wallet.

I click the Ethereum and copy it's address. And now let's go back to Binance..

I withdraw all my BNB choosing the BEP BSC or Binance Smart Chain.

After I click the BEP BSC this warning appeared. And It's okay just click "I understand".

I paste my Ethereum address then Click the Max worth of 0.30481204 BNB. A few moments later it arrived on my Trust wallet.

And tsaran!!! there it is very quick. But As you notice my BNB was not on my ETH wallet but in a Smart Chain. You can guess it right! it's because I choose the BEP BSC. Now let's proceed to Farming and Staking my little investment.

From my Trust wallet I click the Dapps.

Then scroll downward looking for the PancakeSwap then click it.

And click Connect.

As you can see on the choices of wallet, I guess that we can do farming too not just only in trust wallet. So it's up to you guys what you're gonna choose.

As for me I only have Trust Wallet.

I clicked the MAX and select Cake token.

So here it is I'm ready to swap...

Confirm the swap then just get excited at this moment. I don't know the feeling, it's much more than when you're in love lol.

oooppsss..... Insufficient balance. So I reverse the maximum price to swap.

Instead of 0.30 I changed it to 0.28 with the equivalent of 20.4492 Cake.

Finally it's a success... It's not finished yet... Let's go to Beefy and use the Cake for farming there.

Let's scroll down again and looked for Beefy Finance then click it.

Then I Choose Cake Smart. As you can see my balance was there.

Slide the bar into 100% then click Approve.

So in approving there will be a network fee of $0.05 . I clicked the Approve.

Approval Success so let's proceed to DEPOSIT.

Slide the bar into 100% then click Deposit All.

Before we can approve there's another network fee of $0.34.

At last Deposit is a success. So the overall total for the network fee is $0.05 +$0.34= $0.39 dollars. This is only for Beefy. There is $0.16 network fee in Exchanging BNB to Cake. $0.39 +$0.16=$0.55 over all network fee. And from withdrawing from Binance to Trust Wallet was left is $12.50 dollars. So $12.50-$0.55=$11.95 dollars. Left investment on Farming in Beefy. Please correct me if I'm wrong as I'm not really good at Math.

I started my Farming on January 9 with the Deposited Cake worth of 20.4625 then increase into 20.5195 and today into 20.7153. I guess it's not bad. Seeing your investment grow eventhough it's not too big But for me it's a very big accomplishment already on my Journey to Crypto World using what I earned. A little information: APY=Annual Percentage Yield APR=Annual Percentage Rate But as you can see in the picture above the APR is in a daily percent basis which is 0.50%up. I was even surprised when it reached to 0.60%. So normally I guess it's on 0.56 percent daily interest. Just imagine your investment increasing day by day. It will surely brought happiness in your heart. Although there is no forever in relationship but in Farming there is Forever. Hopefully you understand this Article of mine and for those newbie out there who wanted to try farming too. ***leejhen*** ❤️

52 comments

Log in to join in Reading is open to everyone. Replying needs an account.