What is BSC FARM (BSC) | What is BSC FARM token

Binance SmartChain, advantages and potentials

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a. Definition

Binance Smart Chain (BSC) is known as a blockchain operating on mainnet, activating the blockchain in parallel with Binance Chain. BSC allows the creation of smart contracts for blockchain tokens associated with the Binance brand. Meanwhile, it also launched a brand new staking mechanism for the cryptocurrency of one of the world’s leading crypto exchanges — BNB.

To further increase the utility of both Binance Chain and BNB, the introduction of a blockchain compatible with the Ethereum Virtual Machine — BSC is ready to be tested and piloted by some of the leading projects in the cryptocurrency industry. Based on the Proof of Staked Authority (PoSA) consensus mechanism, BSC creates an extremely diverse and rich ecosystem. This blockchain delivers many innovations thanks to its high performance and ample space benefiting a variety of parties including validators, token holders, developers, and users.

During the DeFi (decentralized finance) revolution, as the community shows a growing interest in alternative financial solutions provided by blockchain, the timely presence of BSC has gained considerable attention from the Binance Chain community. Now, DeFi projects and the blockchain community can take advantage of the very best offered by Binance Chain, powered by smart contracts, cross-chain interoperability, and more thanks to the launch of BSC. The Binance Chain and Smart Chain communities welcome all developers and dApp projects to test this breakthrough arena.

b. Advantages

This will be an opportunity for blockchain users to come to a new decentralized machine with many valuable assets provided by Binance Chain and Binance.com.

We can mention some of the benefits of Binance Smart Chain:

· A rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange

· Cheap transaction fees that reach as low as 1 cent

· High performance with a network capable of producing a block every 3 seconds

· Cross-chain DeFi mechanisms that increase DeFi interoperability

· A supportive Binance ecosystem that funds and bootstraps many DeFi projects

· A growing ecosystem of millions of users across Binance.com and Binance DEX

· A network of major crypto projects already collaborating with BSC

c. Potentials

As reported in 2019, Ethereum, TRON and EOS make up 98% of the decentralized applications. Among them, Ethereum has always led in every category, including active dApps, active users, and transaction volume. In addition, there are other serious projects, including Steem, NEO, Ontology, Waves,…

Binance Smart Chain, with its advantages, as well as an extensive network of partnerships, is focusing on developing in a very large market, with the expectation of beating many competitors and taking the market share for itself.

Even before the launch of the Binance Smart Chain mainnet, the Binance Chain community has been working on various crypto projects to develop a powerful blockchain platform.

Some of the collaborators of Binance Smart Chain that can be mentioned:

Blockchain Infrastructure and Tools: ChainLink, Band Protocol, Trust Wallet, Ankr, BSCScan, Bitquery.io, MathWallet, MyWish, CertiK, Torus,…
DeFi: Swipe, Aave, 1inch.exchange, WazirX, DODO, dForce, Bounce.finance, Spartan Protocol, MCDEX, Cream, ForTube, DeBank,…
Cross-Chain Liquidity: RenVM, pNetwork, Thorchain, Ferrum.Network, Alpha Finance,…
Others: Dapp.Review, Ontology, Travala.com, Republic.co, Clutch, BCA, Ignite,…

source : VoskCoin

The BSC.Farm project

Inspiration

“The Binance Chain community launched BSC in time for the DeFi (decentralized finance) revolution, as the public shows increased interest in alternative financial solutions powered by blockchain. With BSC’s launch, DeFi projects and the bigger blockchain community can leverage the best that Binance Chain has to offer, fortified by smart contract support, cross-chain interoperability, and more advantages that BSC brings. So, the Binance Chain and Smart Chain community welcome all the dApp developers and projects to try on this new arena.”

In fact, nowadays there are a lot of DeFi projects launched on the Binance Smart Chain platform, including some typical names such as Burger Swap, BakerySwap, PancakeSwap, DegenSwap, Alpha Finance Lab, etc. All of the above projects have received really enthusiastic support from the community. However, currently, there is no unit that has listed and published a list of general and detailed information about DeFi projects on the BSC platform, creating a basis for users to track and make investment decisions, or for research purposes.

Therefore, BSC.Farm was created as a pioneering step, as a leader in listing Yield Farms projects on Binance Smart Chain with the mission of being the most complete, accurate, and leading synthesis within DeFi projects. Thus, becoming a place to update news, search for projects, investment opportunities, avoid fake information, scams, and is also the place to facilitate new, potential projects to reach and approach their potential investors. This is an open playground but also extremely selective, the BSC Farm team will always research and survey carefully before listing to bring users the safest and most effective experience.

Along with that, from the practical needs as well as the support and consensus of the users, we are designing and planning to launch the Liquidity Farming program in a collaborative, supportive relationship with a wide range of Yield Farm projects available on the BSC platform, thereby reinforcing, bonding and connecting, bringing those projects closer together, which really creates a consistent ecosystem, promotes the value of dApps on BSC. Information about the cooperation and launch of Farming will be updated by us as soon as possible.

Token Metrics

Token Name: BSC Farm

Token Symbol: BSC

Total Supply: 5,000,000 BSC

Contract: 0x17bc015607fdf93e7c949e9ca22f96907cfbef88

Decimals: 18

Community Airdrop: 2%

Team:16%

Initial Liquidity Pool: 10%

LP Incentive + Bonous :72%

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How and Where to Buy BSC FARM (BSC) – An Easy Step by Step Guide

BSC.Farm was created to be the pioneering step, as a leader in listing Yield Farms projects on Binance Smart Chain. BSC.Farm’s mission is to be the most complete, accurate and leading synthesis platform within DeFi projects. Thus, becoming a place to update the news, search for projects or opportunities for investment, help users to avoid from fake information, scams, and also being a place to facilitate new and potential projects to approach their potential investors. This is not only an open playground but also an extremely selective, the BSC Farm team will always research and survey carefully before listing to bring users the safest and most effective experience.

Currently, BSC is being ranked 2646 on Coinmarketcap and has recently surged a hefty 66.31% at the time of writing.

BSC has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy BSC.

Step 1: Register on Coinbase

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC) or Ethereum (ETH). We will use Coinbase here as it is one of the largest crypto exchanges that accept fiat deposits. Use the link below to register at Coinbase and you will receive a free amount of $10 worth of BTC after buying $100 worth of cryptos.

Step 2: Buy coins with fiat money

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.

Now you are all set, click the ‘Trade’ button at the top left, choose the coin you want to buy and confirm your transaction…and congrats! You’ve just made your first crypto purchase.

Step 3: Transfer your cryptos to an Altcoin Exchange

But we are not done yet, since BSC is an altcoin we need to transfer our coins to an exchange that BSC can be traded. Below is a list of exchanges that offers to trade BSC in various market pairs, head to their websites and register for an account.

Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from coinbase depending on the available market pairs. After the deposit is confirmed you may then purchase BSC from the exchange view.

Exchange: BurgerSwap

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once BSC gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Binance

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world. Unfortunately, Binance does not allow US investors so we recommend you to sign up on other exchanges we recommend on this page.

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