Our integration with BSC and subsequent Pancakeswap listing will open up a wealth of new trading opportunities for the DVG community
As we work tirelessly building the features and infrastructure that will make DAOventures the go-to DeFi platform, we are at the same time always searching for new ways to offer added value to our dedicated community and ecosystem participants. Having recently launched our Uniswap Liquidity Mining program, we have also continued to partner with some of the best projects in the DeFi space to offer even more functionality and opportunity for rewards to our token holders.
We are today very excited to announce that DAOventures has built a bridge for DVG tokens from the Ethereum blockchain to Binance Smart Chain, offering expanded token functionality and the opportunity for token holders to switch their DVG tokens seamlessly from ERC-20 to BEP20!
$DVG will be listed on Pancakeswap this Friday 23rd April 2021 @ 1 PM UTC
DAOventures will be providing initial liquidity on PancakeSwap to allow users to access $DVG. PancakeSwap is a decentralized exchange on the BSC that will enable users to access DVG-BNB and at the same time allowing anyone to earn yield and participate in staking for regular rewards. Excited? You’re not the only one!What is Binance Smart Chain?
What is Binance Smart Chain?
BSC (Binance Smart Chain) is a platform that gives developers the opportunity to build their own DApps using smart contracts; BSC is compatible with the Ethereum Virtual Machine (EVM), and can therefore run DApps ported over from Ethereum, meaning greatly expanded functionality through interoperability.
Binance Smart Chain runs in parallel with Binance Chain, one of the world’s most popular centralized exchanges, and mirrors the low transaction fees and fast execution times that Binance is well known for. The native token used for transactions on Binance, BNB, is also used on Binance Smart Chain’s decentralized exchange PancakeSwap as the main trading pair asset as well as for liquidity providing and staking functionality.
The BSC ecosystem has grown exponentially in recent months, and PancakeSwap at one point overtook Uniswap in terms of liquidity, now sitting third in terms of trading volume.
Why Binance Smart Chain?
The recent troubles hindering the growth of the Ethereum blockchain and the DeFi system as a whole have seen crippling Gas fees and long transaction times put a dampener on what has otherwise been the start of a landmark year for cryptocurrencies and blockchain.
Providing the DVG community with the best experience possible within the DeFi and cryptocurrency space means giving them options to trade with the lowest fees, the fastest transaction times and interoperability across popular blockchains; Binance Smart Chain and PancakeSwap offers considerably lower transaction fees than DEX’s such as Uniswap that run on the Ethereum blockchain, meaning another option for DVG token holders whilst the Ethereum developer community works hard at implementing Layer 2 solutions.
We want to give our ecosystem participants a user-friendly, multi-chain and cost-effective experience as best we can — So Binance Smart Chain was a no-brainer.
DVG & BSC
With many new and exciting projects listed on the BSC platform, users will be able to transfer their BEP20 DVG tokens onto PancakeSwap and trade with a plethora of new pairs, enjoying instant transaction finality and cross-liquidity access. This is all part of the DAOventures mission to create an all-in-one DeFi experience that offers users the best of all worlds and, through this exciting integration, we plan to see increased activity and even more members joining the DVG community.
As well as trading, DVG holders will be able to provide liquidity on PancakeSwap.
Not sure how to use PancakeSwap?
Detailed instructions on how to swap DVG ERC-20 tokens to DVG BEP-20 token will be provided tomorrow. Stay tuned!