- Bit2Me's utility token, B2M, is now available on the decentralized exchange PancakeSwap.
- B2M becomes an interoperable token with the Binance Smart Chain.
- PancakeSwap opens the door to new use cases and utility for B2M.
Bit2Me integrates its native token B2M into the decentralized exchange PancakeSwap, making its token interoperable with the Binance Smart Chain. As of this Wednesday, B2M is available available on the PancakeSwap platform, through the B2M/WBNB pair.
With this integration, Bit2Me continues to add new utilities to its native token in order to offer new advantages and opportunities for B2M holders. On the Binance Smart Chain, B2M holders can unlock new functionalities for the token within applications. DeFi developed on this blockchain. Bit2Me also wants to bring the potential of its token to a broader user base around the world.
It may interest you: Bit2Me Earn, the Bit2Me staking service for you to grow your B2M and other cryptocurrencies
What is PancakeSwap?
PancakeSwap is a decentralized exchange (DEX) and next-generation AMM built to enable and facilitate the exchange of BEP-20 standard tokens, based on the BSC. Like Uniswap, PancakeSwap uses smart contracts implemented on the blockchain that facilitate token exchange operations for users without losing custody of their assets.
This DEX has become the 2nd most important decentralized exchange in the blockchain industry, with a liquidity of more than $ 5.600 million dollars and an average daily trading volume of $873 million.
B2M Utilities on PancakeSwap
PancakeSwap opens the door to a whole new set of utilities for B2M. For example, by using the automated market making mechanism (AMM), PancakeSwap allows users to add liquidity to different pools within the platform. This functionality characteristic of decentralized finance allows users to become liquidity providers (LPs), generating rewards through their assets.
On the other hand, the development and growth of the industry blockchain has made interoperability one of the most important features of the blockchain. The integration of B2M, developed on the Ethereum network, to the Binance Smart Chain is essential for the future growth and consolidation of the token. With this integration, B2M can now be operated between two different blockchains, expanding the utility of the token and opening the door to the thriving ecosystem of decentralized applications built on the BSC.
How to use B2M on PancakeSwap?
Since B2M is a token built on the Ethereum blockchain, it is necessary to use a BSC bridge to convert the tokens to the BEP-20 standard and be able to use them within PancakeSwap. This is a simple process as explained below:
- Send your B2M to Metamask via ERC-20.
- Setting up your Metamask wallet with BSC.
- Perform the bridge in @Multichain.
- Using B2M on PancakeSwap.
If you want to know more details about how you can use the Bit2Me token on PancakeSwap, visit the Bit2Me Academy article: How to use B2M in Pancakeswap?
B2M available on 5 platforms
With this new B2M listing, Bit2Me's utility token is now available on 5 cryptocurrency platforms, including the BitXNUMXMe platform. Bit2Me, centralized exchanges Bittrex y Mexico and the Ethereum DEX Uniswap, which is currently the largest decentralized exchange by trading volume.
IMPORTANT
El Unique pool and contract endorsed by Bit2Me are the following:
✅ BSC Scan
🚨 Don't trust any other pool or contract if you can't verify its authenticity.
Continue reading: B2M Token is now available on Uniswap, the largest decentralized exchange in the crypto world
