Welcome to Day 1 of our 7 Days of Announcements!
A while ago, we got substantial feedback from members of our community about their willingness to be able to buy and trade $SWAP on Binance Smart Chain (BSC).
We are proud to announce that TrustSwap has bridged the $SWAP token to the Binance Smart Chain.
What does this mean for our community?
Starting immediately, you will be able to buy and trade $SWAP on Pancakeswap and move SWAP from ETH to Binance Smart Chain via the Anyswap cross-chain bridge.
How does it work? It’s simple.
- Step 1 – Head to https://anyswap.exchange
- Step 2 – On the left, change the menu item from Router (the default) to Bridge.
- Step 3 – Connect your wallet (Metamask or OKEx)
- Step 4 – Depending on whether you want to bridge from BSC to Ethereum or Ethereum to BSC, select the right blockchain in your wallet.
- Step 5 – Once properly connected you should be able to select the amount of $SWAP on either network to bridge back and forth with ease
- Step 6 – Click on the Swap button to initiate the transaction. (see image below)
Remember the standard disclaimers apply: The minimum cross-chain amount is 12 SWAP, the maximum cross chain amount you can transfer is 3,000,000 SWAP and the estimated Time of Cross-chain Arrival is 10-30 min.
Why did we choose the Binance Smart Chain?
This made sense for our users for the following reasons:
Cheaper transactions
The low cost of transactions and on-chain operations is definitely a factor here. During periods of high congestion on the Ethereum network, the same transaction can cost over 500 to 1,000 times more on Ethereum compared to BSC.
Ease of Bridging
Developers have created several cross-chain bridges so that BSC users can easily move tokens from one blockchain network to another. The Binance Bridge currently supports over 40 tokens. This enables users to move assets such as USDT, ETH, and many other tokens to and from BSC easily.
Non-volatile Gas fees
Gas fees on BSC are relatively constant. The average transaction fee has been hovering around $0.15. Ethereum, on the other hand, experiences massive fluctuations in gas price with surges to over $150 for a simple transaction in times of extreme network congestion.
Growing adoption rates
Binance has an established user base from which it is has been able to draw an exponential amount of users to BSC. This allows for much faster adoption. The number of unique addresses on BSC has grown 10x to over 94 million unique addresses and the total number of transactions has increased 15x since the beginning of this year. In addition, the Binance Smart Chain is available in several languages which is vital for broader adoption and exposure to more potential buyers.
Feel free to head on over to https://anyswap.exchange and use the cross-chain bridge between BSC and Ethereum to trade your SWAP now!
If that wasn’t enough, we have an additional update for you.
If you’re reading this right now, you may have noticed that we have a new website!
TrustSwap.org has now been redesigned, relaunched, made responsive, and is ready for mainstream adoption! We’re bringing Crypto to the world!
We’re so excited about our business, our partnerships, and future acquisitions, and this new site design gives us the flexibility we need to share these updates with you in a timely and aesthetically pleasing way. We hope you like it.
Well, that’s it for Day 1 of our 7 Days of Announcements! Stay tuned tomorrow for some more exciting news from TrustSwap!
