To buy our cryptocurrencies, you need BNB and a digital wallet, this can be METAMASK or TRUS WALLET for example, Once your wallet is open and loaded with BNB, you can proceed to your first "SWAPs". To be done, you will have to import the contract address of the chosen token into your wallet, remember to pay the percentage of taxes and proceed with the purchase, depending on the amount you have invested, you will receive more or less Tokens. For the sale it's the same method but in the other direction!
Did you know that blockchain is a technology that keeps track of a set of transactions, in a decentralized, secure and transparent way, in the form of a chain of blocks? Still don't get it? Don't panic, we'll explain everything to you!
A blockchain: what is it?
Developed from 2008, it is, first and foremost, a technology for storing and transmitting information. This technology offers high standards of transparency and security because it works without a central control body.
More concretely, the blockchain allows its users - connected in a network - to share data without an intermediary.
In practice, a blockchain is a database that contains the history of all exchanges made between its users since its creation. The Banque de France explains its main characteristics:
What are the advantages?
The use of blockchain has many advantages, including:
What are the possible applications?
The blockchain represents a major innovation that is used in particular in the banking sector. Indeed, historically, "blockchain" technology has developed to support transactions carried out via cryptocurrencies/crypto-assets (including bitcoins which are the best known form) and which have the main characteristic of not depending on a centralizing body (like a central bank) and to be international.
But its use is not limited to cryptocurrencies. Many fields and sectors of activity, commercial or non-commercial, public or private, already use blockchain or plan to do so in the years to come. The report [PDF; 3.7 MB] of the National Assembly's joint information mission on the uses of blockchains and other registry certification technologies, details some of the fields of use of the blockchain:
BNB powers the entire Binance Ecosystem, it is the native cryptocurrency of Binance Chain and Binance Smart Chain. The BNB has several functions:
What is Binance Coin (BNB)?
The BNB was launched via a cryptocurrency fundraiser (Initial Coin Offering - ICO) which took place from June 26 to July 3, 2017, 11 days before the opening of the trading service of the Binance exchange platform. The initial price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB. Although BNB was launched via an ICO, BNB does not offer its users a right to Binance profits and therefore does not represent an investment in Binance.
BNB was originally launched as an ERC-20 token, existing on the Ethereum network, with a total supply of 200 million BNB. 100 million BNB were sold during the ICO, but the total number of BNB in circulation today is lower due to periodic burns, during which Binance destroys the BNB it has in its treasury. If you want to know more about these BNB destructions, and the reason why BNBs are permanently destroyed, you can read What is a token destruction?.
Although launched on the Ethereum blockchain, ERC-20 BNBs were later traded with BEP-2 BNBs at a 1:1 rate. BNB BEP-2 is the native cryptocurrency of Binance Chain, whose mainnet launch was announced on April 18, 2019.
In September 2020, Binance launched Binance Smart Chain (BSC), a blockchain network running alongside Binance Chain. This means that BNB now exists in three forms:
Click here to see the latest BNB prices.
MetaMask is a cryptocurrency wallet available on mobile (iOS and Android) and browser (Chrome, Firefox, Edge). MetaMask allows you to interact with all the blockchains compatible with the Ethereum Virtual Machine (EVM). That is to say, the networks programmed in the language that Ethereum (ETH), the Solidity. It is not possible to use MetaMask with the Bitcoin network.
Available on most web browsers, this application allows you to store and exchange cryptocurrencies. But also to use decentralized finance applications (DeFi) and non-fungible tokens (NFTs). This wallet allows you to interact with different blockchains such as Ethereum, Polygon, Avalanche, BSC (Binance Smart Chain or Binance Chain)... Thanks to the wallet you will connect to the network and the different applications available to sign, validate and carry out transactions crypto.
This is also called a non-custodial wallet. This means that you are the real owner of the wallet and the cryptocurrencies it holds, because you have your own private key. It is a confidential secret code to keep précieusement, which will allow you to restore your MetaMask wallet on any computer in the event of a problem.
Trust Wallet is a non-custodial mobile cryptocurrency wallet founded in 2017. It has a wide range of features and allows users to access a large selection of blockchains, digital assets and DApps.
Trust Wallet also has its own governance token, TWT, which allows holders to participate in key governance votes. Trust Wallet is Binance's official decentralized wallet, making it a safe and secure wallet for users.
Introduction
As more and more people use cryptocurrencies and decentralized applications (DApps), it has become increasingly important to have an easy way to access them. Whether you're interested in investing, payments, or DApps, having solutions for every activity can quickly become overwhelming.
This is where an all-in-one, easy-to-use solution comes in: Trust Wallet. As part of the Binance ecosystem, Trust Wallet is a great alternative for Binance users. It is also one of the most popular cryptocurrency wallets, with over thirty million downloads.
What is Trust Wallet?
Trust Wallet was launched in November 2017 by Viktor Radchenko and immediately gained a large user base. Binance purchased Trust Wallet in 2018, and Eowyn Chen, former VP of Marketing at Binance, took over as CEO in early 2021.
Trust Wallet acts as a secure, open-source and decentralized crypto wallet. You can use Trust Wallet to access over 20,000 Ethereum-based and EVM-enabled tokens, 63 blockchains and over 1 million crypto assets, including Bitcoin (BTC), Ether (ETH), BNB, BUSD and Tether (USDT).
Trust Wallet has adhered to its key principles of never accessing user wallets, holding private keys, or requesting personal information.
How does Trust Wallet work?
Trust Wallet is a multi-currency mobile wallet that allows users to access multiple channels from a single app. Unlike browser-based wallets, each blockchain is accessible from the moment you download the app. There is no need to add any specific blockchain details to start transacting or interacting with decentralized applications (DApps).
Trust Wallet users have full control over their recovery phrase, which makes this app non-custodial. You can also store Ethereum and BNB Smart Chain (formerly Binance Smart Chain) non-fungible tokens (NFTs) in the app and view related artwork. Another key feature for Trust Wallet users is its built-in DApp browser.
Built-in DApp browser
Integrated with Trust Wallet is its Web3 DApp browser. This allows you to interact and access DApps applications without leaving the Trust Wallet application or needing to log into a computer. DApp users can interact with the application directly on the blockchain. You do not need to register or login. You can easily use a variety of applications from DApps, including OpenSea, PancakeSwap, 1inch, and Uniswap, seamlessly and securely. For a while, Trust Wallet was one of the only mobile wallets to offer this feature.
To further enhance user security, Trust Wallet's DApp Marketplace offers a selection of approved DApps that meet rigorous quality and security standards. These DApps are also optimized for mobile performance, so users can manage their crypto and DApps directly from their phones.
What can you do with Trust Wallet?
The Trust Wallet wallet also offers several native features available in the Trust Wallet app:
Staking
Multiple staking currencies are available including BNB, ATOM, LUNA, etc. with APRs of up to 85%. Your actual returns will depend on currently available validators and staking opportunities, and more will be added.
Exchange and trading
Users can trade tokens in the Trust Wallet app with native cross-chain swap. These services are powered by Binance DEX and 1inch and allow you to trade assets between different networks seamlessly.
For example, you can trade BEP-2 tokens for BEP-20 tokens (BNB Beacon Chain to BSC and vice versa) or ERC-20. Trust Wallet does not charge any fees for this service. You can also create buy and sell orders through Binance DEX.
https://cryptoast.fr/tutoriel-metamask/
https://www.cryptoastuces.fr/tutoriel-utilisation-trust-wallet
When investing in crypto-assets, the tokens you receive may only be temporary tokens given to you while waiting for the final tokens to be created. When these are available, the old tokens are then replaced by these new ones. This is called a token swap, which can be translated as replacement of tokens in French.
The swap grants you a new token that will continue to work with a major upgrade of the crypto-asset, such as the creation of a new blockchain. This is why we will sometimes speak of coin or piece to designate the new crypto-asset.
The token swap takes place according to terms determined by the development team in charge of the project. It can be longer or shorter depending on what she considers necessary.
From a user perspective, there are two ways to benefit from token swapping:
In this guide, we'll take a look at the reasons for doing a token swap, the common ways to do it, the risks you can incur, and some examples that have happened before.
Why do we perform a swap?
In order to start their activities and set up what is called a mainnet, or "mainnet", an important step that represents the launch of a blockchain, companies that want to create a new blockchain need to raise funds, that they generally receive via an Initial Coin Offering (ICO).
Unfortunately, these ICOs take place on smart contract platforms such as Ethereum, Tezos, Cardano, Neo or Tron: the tokens sold must therefore be issued on the platform where the ICO was carried out. Thus, on Ethereum, the corresponding tokens will be ERC-20 tokens, and on NEO, NEP-5 tokens to name only these deux platforms.
To work, this type of token always needs the blockchain of these networks. While this isn't a problem for the majority of tokens that don't need a specific blockchain, it's problematic for those who want to have their own blockchain and want to operate on their own.
After taking part in an ICO, the user receives a temporary token. When the new network is set up, an important step that the development team manages to accomplish thanks to the investors, the old ERC-20 or NEP-5 type tokens are then replaced by the new coin internal to the new blockchain.
How do I perform a token replacement?
A token replacement can take place in different ways depending on the project in question. However, there are similarities between the different processes that we will explain to you.
First of all, when a token exchange takes place, the exchanges generally decide to no longer allow its sale from a certain period before the swap. You will then have to find out the effective date on which the token exchange will take place. The date is often the same on different exchange sites, but the time may not be the same.
When you decide to let an exchange take care of trading your tokens, you usually won't have to do anything. All you have to do is leave your tokens on the site and the platform will take care of exchanging your tokens for you. Most of the time, a new wallet linked to a new address will be created with the same number of coins/tokens as the old one, and the latter will be destroyed. You will then have to make your future transactions from your new wallet.
If you decide to do a token swap on your own, the basic idea is pretty much the same. The token company will ask you to register or upload a new wallet where you need to enter your previous address. Once done, a new address will be linked to your account with the new tokens and the old one will be destroyed.
Both methods are virtually identical, but the manual version is a bit more complicated to perform. Indeed, you will have to download or use a new wallet that you do not know. It will take you some time to get used to the interface and the process will take a bit longer to complete.
© 2024 Stock Exchange Crypto. All rights reserved.