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CAKE Yiqijuechen trend, source:What I see from "air for big pie" is, when did the Binance Smart Chain have so many assets and players?》
How to open BSC: Own BNB, understand BSC Bridge
First of all, you need to buy a little BNB from Binance and withdraw it to BSC (select BEP…SC on the main network when withdrawing), as a subsequent transaction fee, otherwise the chain cannot be used. It is worth noting that although other exchanges also have BNB, according to the author's observation, most of them do not support withdrawal to BSC at present, so it is best to purchase and withdraw directly on Binance.
After you have the transaction fee, your remaining assets, such as USDT, BTC, ETH and other mainstream assets, can also be transferred to the BSC address through the BSC Bridge cross-chain (entry:https://www.binance.org/en/bridge）。
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BSC Bridge interface, the picture is taken from: binance.org
The current implementation logic of BSC Bridge is a centralized operation. For example, the process of crossing from Ethereum to BSC is as follows: users transfer assets from the ERC20 address to the ERC20 address belonging to BSC, and then transfer assets to the official BEP20 address on BSC to the user.
According to Zhang Xiaoguang, head of Binance Smart Chain ecology, the custody addresses on each chain are publicly available, and the address balance or transactions are also in one-to-one correspondence, and there will be no over-issuance or over-issuance.
According to the official website data, as of press time,BSC currently supports 43 currencies to cross-chain to BSC, the total value of cross-chain assets has reached 14.12 billion US dollars, and the total market value (peak) of Binance BTokens tokens has reached 5.05 billion US dollars.
According to the map compiled by the community, BSC has begun to form an ecological closed loop, such as wallets, oracle machines, insurance, payment, development tools and data tools, NFT and trading markets and other infrastructures have been launched and operated, with more than 100 ecological projects and certain users And the number of projects with trading volume reached 60.
wallet
wallet
After reading the ecological overview of BSC, I wonder if you are eager to try it.
After buying BNB, you still need an address on the BEP20 chain to actually open BSC, which requires a wallet.
Open the official website BSC official website, which lists 10 wallets that support the network, including Ethereum’s largest wallet plug-in MetaMask, Binance Chain Wallet made by the official team, Trust Wallet acquired by Binance, and Binance strategic investment Math Wallet, etc. You click on the corresponding icon and follow the guide to download.
After downloading, take Math Wallet as an example, we click on the first bottom tab on the homepage to enter the "Select Wallet" page. As shown below, you click on the BSC logo and click Create, set the wallet password, and write down the mnemonic to complete the address creation.
After creating the address, the wallet home page will appear. You can scan to get the address of the other party. Click Open Account to copy the complete address or display the QR code of the address. Click Add Asset to display the asset on the wallet page.
After you transfer assets to this address by transfer or cross-chain, you can also start to experience the projects that support this wallet in the "Application" column, which is more convenient.
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data site
After having an address and assets, it is time to find a project. The following recommends 3 common BSC data tools, which are convenient for you to find and filter projects.
BscScan https://bscscan.com
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Source: bscscan.com
There are nearly a hundred types of tokens issued on BSC, and nearly half of them are BEP20 tokens of mainstream currencies and mainstream DeFi tokens, that is, users who hold these tokens can seamlessly switch from Ethereum to Play on BSC.
Image source:https://bscscan.com/yieldfarms）
Image source:bscscan.com
Defistation https://www.defistation.io
Defistation is a DeFi leaderboard and analysis website developed by node operator Cosmostation. It is funded and supported by Binance and focuses on tracking data on the chain of various projects on BSC, including the total value of locked positions, the amount of locked positions of BNB, and whether each project has been audited. , item type, locked position and trading volume.
According to statistics from Defistation, BSC currently locks up to 22.58 million BNB, worth $6.2 billion at market prices.
DappRadar https://dappradar.com
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Image source:dappradar.com/rankings
On the whole, the data website around the BSC ecology is relatively complete. It would be perfect if there is a tool/function for overview mining APY.
This is the end of today’s guide to getting started with BSC’s wallet and tools. In the next issue, we will experience the benchmark products in the BSC ecosystem on different tracks, so stay tuned.
