An Important Milestone For Steem: Robiniaswap Launch
Steem has reached an important milestone today and Robiniaswap is launched. Thus, it became possible to invest in the Binance Smart Network(BSC) with Steem. This investment can be made through the bSteem token, which represents Steem on BSC.
Robiniaswap is a DEX that connects Steem and Rizon blockchains with BSC. On the application, we can invest in farms and pools, similar to Pancakeswap. One of the important innovations brought by the application is the bridge that allows moving Steem from its original network to BSC and from BSC to its original network. In addition, a bid bot will be activated on the application soon.
What is striking for Steem users is the opportunity to earn high returns by investing in the Steem pool. Likewise, the Steem-BNB pair farm is currently providing high returns.
There are two different ways to invest with your Steems on BSC through Robiniaswap. The first is to send Steem to BSC using the bridge https://bridge.robiniaswap.com/. There is a 200 Steem minimum limit and a 1% commission for this transfer.
The second method is to buy BNB from a central exchange and send it to our Metamask wallet. If you are using Binance, it is important to tick the Binance Smart Chain option during withdrawal. If you are doing this for the first time, I recommend that you do a test with a small amount.
Then you can use the link https://pancakeswap.finance/swap?outputCurrency=0x382d36e85178f2d3fd84e336d4e1d442fce78e8e to sell BNB and buy bSteem on Pancakeswap. Currently, the liquidity is quite low, so it is not possible to acquire large amounts of bSteem with this method.
After obtaining bSteem with this method, you can invest in the bSteem pool or the BNB-bSteem farm. We should pay a 4% commission, but I think it would be a reasonable investment as the return rates are astronomical right now.
In this article, I mainly talked about Robiniaswap's features related to the Steem blockchain. Beyond that, I think Robiniaswap has significant potential as a Defi investment. It still offers very high return rates on its pools and farms. I want to note that the platform also helps those who want to create their Defi service.
Website: https://robiniaswap.com/
Official Documantation: https://blokfield.gitbook.io/robinia/
Discord Channel: https://discord.gg/wGv4UjER2f
Thank you for reading.
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Hello mate!
Indeed it's an important milestone for Steem. RobiniaSwap is really a great project and with its launch day I'm pretty sure many are excited and have already joined by stacking their Bsteem and I'm one of those people since I don't want to miss any chance from the beginning.
we're waiting for your review as well :)
hello @muratkbesiroglu,
a few days ago I used the bridge from steemit to metamask and I think it's a very good solution, it's a more efficient solution to transfer the balance, for now the minimum amount is a bit high but I imagine that with time it will go down, doing a top up from steemit to metamask with the rubinia bridge is easy and very efficient.
I must say, RobiniaSwap is a huge milestone for both the Steem community and the users themselves. Now it has become very easy to bridge between Steem and BSC. I think this is a very huge step in the right direction.
Nice one
Wow, finally robiniaswap has been launched today, I have been anticipating for this great day to come. I will check out the swap on my trust wallet today to test run it there
With the launch of Robiniaswap's today and it integration with steem, it will help to create awearness and increase value to the steem token thereby moving steemit forward.
I wish you make a decent profit on this DEX.
Thank you. RBS (Robiniaswap token) price has not been stabilized yet. So the bets are open :)
Dear @muratkbesiroglu
Those 4% should not be a problem, as long as RBS will hold some decent value.
Thanks for sharing this post about RobiniaSwap project. I myself decided to stake some funds (and provide liquidity to the project) and start minting RBS tokens, hoping that this token will maintain it's value.
For me, so far the most challenging part is understanding RBS token economy. Where demand would be coming from? I know that part of fees are being used to buy-back and burn those tokens, but that's probably just a "tip of an iceberg".
ps. I've noticed that you're using MetaMask? Did you ever try Trustwallet? (just curious).
Solid post. Upvote on the way :)
Cheers, Piotr
Dear @crypto.piotr,
Thank you for the comment.
I didn't try Trustwallet. I am using Metamask.
Remembering the effect of Bitcoin halvings accured every 4 years on price I think the minted amount is important. The most important milestone would be transition from 2 Rbs per block to 1 Rbs per block.
Also additional markering efforts like listings and collaborations with other bsc platforms can help.
Best Regards,
Thanks for being so responsive buddy :)