This article was first published on The AdEx Blog - Medium
We are happy to announce that our native ADX token is now available on Binance Smart Chain (BSC) and on PancakeSwap. This is coming as a result of community demand combined with our strive to be blockchain agnostic and DeFi-friendly.
BSC is a good way to temporarily circumvent some of the issues Ethereum has been struggling with lately — lack of scalability, increasing transaction fees that make it almost unusable, network congestions, etc. A lot of Ethereum dapps have their equivalents on BSC, making it an important part of the vibrant DeFi ecosystem we see blossoming in front of our eyes — and all this at significantly lowered fees.
This is why we are glad to offer our community access to wrapped ADX as a convenient way to participate in the BSC DeFi ecosystem.
To transfer ADX to the BSC, you just need to withdraw through Binance. Both the Ethereum and the BSC versions of ADX are supported on Binance for withdraw/deposit.
What is Binance Smart Chain
Binance Smart Chain is a blockchain environment for creating decentralized applications. It is essentially a fork of Ethereum but it was created with built-in compatibility with Binance Chain. The consensus mechanism of BSC is PoA (proof of authority), and the tokens on it follow the BEP-20 standard.
What’s important to note is that a lot of novice users confuse Binance Chain and Binance Smart Chain but it’s important to know that these are two separate blockchains that run parallel to each other. If you are curious about that, we recommend this article.
PancakeSwap Listing: ADX/USDT
We mentioned that most Ethereum dapps have their BSC counterparts. One such example is PancakeSwap — a BSC equivalent of Uniswap. This is an automated market maker (AMM) where you can exchange the wrapped ADX tokens or provide liquidity for them.
We are happy to announce that ADX ...
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The AdEx Blog - Medium