We’re excited to announce that STARS tokens are officially usable on Binance Smart Chain (BSC). The launch means that movie fans, financiers and creators are going to be able to use STARS tokens on ApeSwap, the fastest-growing decentralized exchange living within the BSC ecosystem.
What is ApeSwap and what does the integration entail?
The answers to those questions are hopefully going to get you excited, so let’s focus on doing just that!
What is ApeSwap?
ApeSwap is an automated market maker and decentralized exchange living on BSC. The platform itself allows users to swap, hold, farm, and purchase cryptocurrencies on the BSC network.
ApeSwap’s smart contracts are a fork of Pancake Swap and have been fully audited for the safety of their users, and the platform has been experiencing immense growth in their community of extremely engaged followers.
One of the key differences with ApeSwap is that it offers its own native currencies called BANANA and GNANA. BANANA is what users provide to the platform in order to earn more value through yield farming. This means staking tokens and providing them to liquidity pools so that other users can make trades in a decentralized format and the platform itself can pay for development.
It’s a win-win for everyone involved. And now, because STARS tokens are going to be available on the platform, it means the Mogul community wins too!
Why Integration on ApeSwap Is a Win for Mogul and the STARS Users
Crypto enthusiasts using BSC to acquire the tokens of their choice are ultimately looking for two key things. First, they want to save on smart contract fees. Secondly, they want to be able to complete transactions faster than they could on the Ethereum blockchain for example.
ApeSwap offers these two key benefits by offering a Uniswap-like interface on the Binance chain.
Add that to the fact that ApeSwap offers not only yield farming and liquidity pools, but also the ability to launch Initial Ape Offerings and Non-fungible Apes on the platform, and it’s easy to see why more and more users are heading towards ApeSwap.
In light of the fact that ApeSwap is becoming more and more popular, and more and more developers and crypto enthusiasts are now aware of the advantages of using BSC over other blockchains, it makes sense to move an exciting project like Mogul and our accompanying STARS token to the platform.
It’s time to bring all of the benefits and advantages of an automated market maker living on a decentralized platform to the ultimate DeFiFi project.
It’s a match made in movie heaven!
How to Move Your STARS Tokens from Ethereum to BSC and ApeSwap
The process of switching over an Ethereum compliant STARS token so that it is compliant with BSC is called bridging. You have to do this in order to benefit from the lower fees and faster transaction speeds that BSC and ApeSwap offer.
The result of bridging your tokens from one platform to the other is that your STARS tokens move from being ERC-20 compliant on Ethereum DEXs like UniSwap to being BEP-20 compliant and thus, compatible with Binance related platforms like ApeSwap.
Read this guide found in our knowledge base and follow the easy steps that will allow you to bridge your STARS from Ethereum to BSC.