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Board Tokens (Altcoins)
Re: [ANN][DeFi]CBD CASH - The world's 1st unique stable coin pegs CBD using protocol
by
CBD CASH
on 30/06/2021, 07:47:40 UTC


How to invest with the Fantom version of Dollaremon?
The Fantom version of Dollaremon is basically the same as the BSC version of Dollaremon.

The table below shows the differences.



First of all, get FDY!
The Fantom version of Dollaremon requires FDY.

There are two ways to get FDY:

1 Obtain it with the Fantom version of Dollaremon swap
2 Move the BSC version of DY to the Fantom version

1 Get it with the Fantom version of Dollaremon swap
FTM can be obtained from Binance, so you can send it from Binance and exchange it for FDY with swap.
The explanation is omitted.

2 Move the BSC version of DY to the Fantom version
A multichain function has been added to the BSC version of Dollaremon, and using this function
DY can be converted to FDY.



(1) Add Fantom chain settings to Metamask
https://docs.fantom.foundation/tutorials/set-up-metamask






(2) Obtain a gas substitute FTM (if you do not have an FTM)
If you haven’t got any FTM yet, it’s useful to have one as a gas substitute.

1 Access Fantom Official Discord and participate in Fantom Discord

2 Click the Fantom Official Discor icon ⇒ #Verify ⇒ FantomTip (bot)

3 Enter! Faucet





(3) Convert DY to FDY
If you have a BSC version of Dollarmon’s DY, you can convert it to FDY by the following methods.
1 Access the BSC version of Dollaremon and click “multichain” in the menu.
2 Click swap
3 Enter the amount of DY you want to exchange and click Confirm.
4 Click “Verification” of Metamask
【Note】
・ The exchange fee for DY and FDY is proportional to the price difference between DY and FDY.
When the price difference between DY and FDY is large (up to 50%), it becomes large, and as the difference becomes small, it becomes small.
(Minimum 3%)

If the price difference between DY and FDY is 1.5 times or more, the exchange fee will be 50%.
For example, if the BSC version of DY is $ 1.5 and the Fantom version of FDY is $ 3.0
Replacing 1 DY with his FDY would result in 0.5 FDY,
When 1 FDY = $ 3, it will be the same value.
If 1 FDY is $ 3 or more, for example $ 5, 0.5 FDY will be $ 2.5 and you can make a profit.

10% of the exchange fee will be put into operation and 90% will be put into Liquidity Pool, which will be used to close the price difference.








What should you do after you get the FDY?
Farm / Pool can be used in the Fantom version of Dollaremon as well.

When using Farm, do you send FTM to Metamask from Binance etc.

Or Convert FDY to a currency such as FTM with the Fantom version of Dollaremon Swap and create a pair.