Post
Topic
Board Altcoin Discussion
Re: IDEX (AURA) token staking
by
Cryptodaddy05
on 12/02/2021, 09:14:41 UTC
Hello all - just wanted to update this post on the “party” decentralised ‘IDEX’ crypto exchange with some important time-sensitive info. IDEX went ‘live’ on Binance Smart Chain (BSC) on 2nd February - and you are able to trade now using IDEx on Binance’s also “partially” decentralised Binance Smart Chain with it’s plethora of dApps similar to those on UNISwap including ‘Pancake Swap’ the UNISwap equivalent on BSC who’s $CAKE token has done a 10x up 942% in the last 30 days! There are also many cross-chain DeFi projects and the Binance Bridge where crypto assets can be swapped from ERC20 to BEP20 BSC tokens. Instead of using $ETH as gas with its horrendous cost the last 2 weeks of $100-$150 for even small swaps of tokens or for making and providing Liquidity Tokens on the Ethereum Network, Binance Coin $BNB is used as gas on BSC with minimal gas costs and you can connect MetaMask as your wallet once adding BSC network to it. And since IDEX started BSC Trading the average gas cost of $BNB on BSC has been 15c per transaction compared which the $10 - write your own big figure cost of $ETH gas trading on the Ethereum network.

Anyway here is a link to the IDEX article explaining how to open idex BSC exchange and how to connect MetaMask wallet https://blog.idex.io/all-posts/idex-live-on-binance-smart-chain

I said the intel is time-sensitive because there is a bonus for making one trade or more on IDEX BSC Exchange in the first 2 weeks of trading which ends in 3 days - and that is sharing in a pool of one million of the new IDEX-B BEP20 tokens that have been accumulating as well as rewards for staking ERC20 IDEX on the Exchange as per my OP! But given IDEX’s low trading volumes and seeming obscurity ATM that’s likely to change with this BSC development there’s a good chance of getting a decent amount of IDEX-B tokens for just one trade on BSC using IDEX exchange with a deadline of 2-3 days! Fair notice and warning!

And omg its good to have transaction costs of 20c I’d less with token swaps and liquidity provision on BSC after ETH gas costs have been over $100 per transaction nearly every time I’ve set up a smart contract on the Ethereum Network the last week.