After yesterday’s update about the Tenset migration to BSC, many of you have been asking questions, and it will come as no surprise to most of you that the 10SET tokens will also be tradable on PancakeSwap.
PancakeSwap is by far the largest decentralized exchange for Binance Smart Chain BEP20 tokens. Currently, it reaches almost $1B of daily trading volume, and although being similar to Uniswap, it offers some additional functionalities such as Farms, Pools, or Lotteries.
It also has much lower fees for trading; instead of tens of dollars per single transaction, PancakeSwap users pay only cents. Combining those attractive features will undoubtedly bring new users to the Tenset economy, and much lower fees will also allow everyone to trade more frequently.
Tenset will also add substantial liquidity to Pancakeswap to facilitate trading by moving a part of Uniswap’s LP trading fees profits. The exact details on that will follow.
Once again, please beware of any fake tokens tradable on PancakeSwap already. 10SET token doesn’t exist on the Binance Smart Chain yet, and therefore is not tradable on any BSC exchanges. Please wait for our official announcements before risking your funds.