Starting from right now, Swingby’s BEP20 token is available to trade on PancakeSwap — Click here to start trading!
What is PancakeSwap???
PancakeSwap is the largest and most liquid automated market maker (AMM) on the Binance Smart Chain. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool.
Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
So, in short, you can trade BEP-20 tokens, or add liquidity and earn rewards.
We are extremely excited to have Swingby listed on PancakeSwap. Swingby, fundamentally, is very DeFi focused, so we are so pleased to finally provide our community with yet another way to trade the Swingby token in a decentralized and trustless way. — Jacob Plaster, Swingby CEO
How to trade Swingby on Pancakeswap
Swingby is natively a BEP2 token, meaning that it lives on the Binance Chain. However, when the Binance Smart Chain was launched, Swingby deployed a bindings contract that allows users to swap their Swingby BEP2 to Swingby BEP20 very easily, opening up a whole new world of DeFi opportunities.
Convert your Swingby BEP2 to BEP20
You can follow this process in the opposite direction to quickly and easily convert your tokens back to BEP2 whenever you want.
Note: pre-staking and Metanode bonding is only available for the BEP2 version of the token for now.
Start trading and/or providing liquidity
Now that your Swingby tokens have been converted to BEP20, you can start using them on PancakeSwap.
- Trade: Swap Swingby to other BEP20 tokens such as BUSD, WBNB, BAND, ATOM and many more.
- Pool liquidity: Stake your Swingby tokens to the WBNB-SWINGBY pool and automatically earn fees proportional to your share of the pool.
Farm those tokens!
If you’re a CAKE holder, then it’s time to stake your cake to the SWINGBY-BNB farm. You’ll receive 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that, paid to you in Swingby.
Total Pool Rewards: 225,000 SWINGBY
Distribution duration: 60 days
Start block: 4953350 (Feb 17th 3PM SGT)
Finish block: 6681350 (Apr 17th 3PM SGT)
Token rewards per block: 0.13 SWINGBY
- Visit this webpage: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the SWINGBY Syrup Pool
- Click on the stake button.
- Confirm the transaction.