Binance Coin (BNB): The Native Coin Of Binance Chain, How To Send Cardano From Ledger Nano S To Bittrex, How To Transfer Tokens From Kucoin To Metamask, How To Do Your Kucoin Taxes In A Simple And Straightforward Way. Today we will be diving into details about making a bot that buys newly minted tokens on the PancakeSwap DEX. Farm the LP tokens in the farm of your choice to get more CAKE. Its likely that you may step away for a while, or a long time, from the Predictions page and missed out on seeing the result when it is announced. This site contains affiliate links to products/services. In the Syrup Pools, there is a special reward called Auto CAKE Bounty that incentivises users to stake in the Auto CAKE pool as they are seen to be providing a service to other users. By default, the protocol displays tokens only on the Binance Smart Chain. The token you are wanting might even be on Pswap already and you can search for it directly. Did you have to add a BSChain network to metamask to use with pancake swap? The staking method that I show you in the step below is the old manual staking method. This next step is where the magic happens! There is Etherscan.io for the Ethereum Blockchain and there is BscScan for the Binance Smart Chain. Think Pancakes CAKE Token, or Venus XVS Token. How many tokens we expect back - amountOutMin Ill provide each of the steps required below in detail, after following this tutorial you know exactly how to use PancakeSwap and you will comfortably navigate through your trades! If you do not you can set it up for this here. If youve not heard of them before, or would like to find out more about it before wading into its syrup-y goodness, go here for the lowdown. Goto the wallet tab, then click on Fiat and Spot. Now click on Get CAKE-BNB LP to add liquidity to the pool. You will fill it out exactly like this picture, except you will copy your HTTPS endpoint from QuickNode under the "New RPC URL" field. By tapping on the Trade tab, you can swap ETH for any ERC-20 tokens (which are run on the Ethereum standard). Using the Binance Smart Chain not only reduces those fees to a minimum. But some users asked me how to do this, so here the video. Once you click on Confirm, you have to click on Buy ticket and Confirm that your CAKE will be spent for the lottery ticket. Enter the amount of FIRO and WBNB that you wish to add to the liquidity pool. Instead of only listening for when tokens spawn into existence, you could make sure it hits an arbitrary threshold of your choice before purchasing. A quick note: risk is defined as the possibility of losing money, so the lower the risk level, the least likely you will lose money. However, it is not possible to change your mind once your bet is in. As of now, there arent any special benefits but this choice cant be undone. You have to send it the Binance Wallet extension using the Binance Chain (BC) network and then, in the wallet, convert it to BSC (Binance Smart Chain). You can find it here; factory is the address of PancakeSwap's factory contract. Trade on PancakeSwap. With that in mind, our plan will look something like this: With this road map, you should be able to follow what is going on a bit more. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. Click on the round for more information. CAKE tokens are required for the bid. Pay the gas fee associated with gaining access to this plot of farming land. Open your Netbox Browser and add NBXB as a custom token on PancakeSwap by following the instructions at this link. Confirm the dialogue in MetaMask and acknowledge the fee. To use the BNB WRAP TOOL successfully you need to switch to Binance Smart Chain Networkin the Metamask. Having invested what may be a fair amount of money on the platform, it would make sense to also have an active voice in how the platform is run. With everything now correctly set up, we can start coding the bot! XYO Price Prediction. Make sure you fully understand the risks associated with trading newly created pairs/tokens before proceeding. Before you begin, check the timer in the top-right area. One of the easiest ways to experience the platform and have some skin in the game is by staking tokens in the Syrup Pool. I HIGHLY recommend sending the minimum amount of 0.01BNB first to see if it arrives on your MetaMask, How to participate in the PancakeSwap Lottery, UPDATE: Auto Compounding available from Mai 2021, The Best Way to Stay Up-to-Date with my Content, How to use PancakeSwap - The Definitive Guide(Setup, MetaMask, Staking, Farming, Lottery, IFO's! Privacy Policy. Perhaps these stats can help you up your game in the future? In this guide, we will walk you through the fun world of PancakeSwap, where there are various ways to earn some delicious sweetness at risk levels suitable for practically everyone. Cookie Notice Hope this helps somebody 121 USDD - USDD 120 Media Network - MEDIA 118 OKC - OKT 116 Energy Web - EWT 115 Decred - DCR 113 BNB is not specified by the BEP-20 standard, but it is wrapped in accordance with the BEP-20 standard. So for example, if you have earned 1 CAKE and you click on harvest, that CAKE will be put into your MetaMask wallet, made available to you. On an exchange, you will get getting the BEP-2 version, and we will be swapping for the Smart Chain BEP20 BNB in a bit. The setup is really easy and it actually comes as a browser extension for both Chrome and Firefox. Select the three buttons next to a farm youre interested in to find out more. To swap, the top section is what the token you want to get rid of. Customizing the platform for your experience. Step 3) Now this can go one of two ways . Click on the left/right arrows next to the bunny icon or the icon next to the timer. Crypto Market Update, XYO ARE WE GOING TO SEE A NEW TARGET HERE IS WHY?? The two most popular cryptocurrencies on the market are Bitcoin and Ethereum. Simply return them to the platform to get your staked tokens back. The Secret Backup Phrase. Click on Create a Wallet to set up a new wallet. Before we get started with the guide, lets first talk about what PancakeSwap is and why I think PancakeSwap is better than UniSwap. When youre happy with your choice, click the Enable button to pay the transaction fee. Next, we need to buy BNB on Binance. If you fancy yourself to be a dab hand with the market charts, test yourself by making predictions on the BNBUSDT price during one of several rounds by putting down CAKE tokens to back up your guess. You can watch the price update during the 5 minutes if you like. There isnt a lot of information about the teams, so its entirely up to you which one you choose. NEW PREDICTION $0.01 CENT IS NOW $10! Now that you have a good understanding of how the platform works and the various ways you can choose to participate on it, are you keen to get started? Now you can choose which kind of Pool you want to choose, which means choosing a currency you want to earn by staking your CAKE. This DEX pair has a 24-hour trading volume of 7.5K USD. In this case, we are listening for new tokens to be created on PancakeSwap. Expert Mode only for those who know what theyre doing. The most obvious way to do so would be to vote on proposals, or make one if you have a good idea on how to make it better. Weird, we know. The results will be displayed either as a green up arrow or red down arrow. You can only use BNB Smart Chain on Pswap.)). If you would like to check out the ABI for the router, you can find it here. Open the Trust Wallet app. Binance recently launched the BNB Smart Chain, a new platform that will enable faster transfer and receipt of digital assets. Open the Trust Wallet app on your phone and go to "Settings", and select "WalletConnect". I have a modern phone running Android 11 so it's strange this would happen. PancakeSwap is an Automated Market Maker (AMM) because it runs entirely by algorithms. There are many tutorials available on how to make this swap, I used trust wallet for that personally. The usual suspects are here plus some minor players that are displayed upon clicking the three dots. You can now use Pancake Swap as well as a multitude of other Defi dApps. Pooled PEPA $. These things are very important to consider when investing in BEP20 tokens. Scroll down this article to learn about this in the Set Up a Profile section. Following code worked for me to execute a swap on Pancake on mainnet. This code block is a bit large, so we will break it down into smaller portions, starting from the top. You can use my own Secure Password Generator to create a safe password if you like. Rest assured that these are problems with the new tokens are being created and not on your end. However, taking a bit of time for customisation might make for more pleasing future engagement. STEP 2. PancakeSwap offers an internal lottery where you participate by spending CAKE with the chances of winning CAKE. The chances of losing your money is very high. Be very aware that this can be subject to impermanent loss due to high market volatility, so this can be a high-risk endeavor. If you know how to swap BNB to WBNB this should be trivial. Before you get too excited, we need to get our tools configured to work with PancakeSwap. I can also view the transaction on the Binance Smart Chain. The downside is that page is in Beta, which means it doesnt always work, thus not to be relied on for any kind of steady income. There are multiple scams targeting crypto users and you should NEVER, under any circumstances, share your wallet seed phrase or any personal information with anyone online! Click the Enable CAKE button . All traits individually sorted by rarity. Thanks again! If you dont own any other currencies, BNB should show up on top. Im in the game. If you have done more than your fair share of predictions and want to know what your track record looks like, click on the PNL tab in the History window. But there is a lot more, you can also earn CAKE, as mentioned above, by utilizing their Yield Farms, Staking, and Syrup Pools (more later). Just an example, I have bought some EGLD a couple of days ago using UniSwap. Earn CAKE through yield farming or win it in the Lottery, then stake it in Syrup Pools to earn more tokens! 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