BINANCE

Introducing Swap Farming on Liquid Swap: $1,000,000 BNB Up for Grabs!

Main Takeaways: 

  • You can earn BNB rewards totaling as much as 50% of the transaction payment if you swap particular token pairs on Swap Farming. 

  • $1,000,000 BNB in bonus funds can be found to Swap Farming customers who take part between 22 November and 22 December.

  • To entry Binance Swap Farming, go to the “Trade” tab on the prime of the Binance homepage.

Binance is again with a model new approach for customers to swap and commerce their coins, whereas having fun with a few of the finest charges on the market. Binance Swap Farming makes use of the automated market maker (AMM) mannequin that will help you simply and securely swap cryptocurrency pairs from a pool of coins and tokens.

To rejoice the Swap Farming launch, We’re additionally providing a $1,000,000 BNB fund that can reward Swap Farming customers with as much as 50% in payment rebate, paid out in BNB. 

How Does Swap Farming Work?

Automated market makers let you commerce your coins from a liquidity pool slightly than instantly with one other social gathering. Pairs of tokens are pooled collectively, and every token’s price is decided by its ratio. One consumer may present BNB and BUSD tokens in equal quantities to the BNB – BUSD pool. Someone else may then use these tokens to swap between BNB and BUSD for a payment.

During our $1,000,000 BNB giveaway, as much as 50% of your payment might be rebated in BNB, relying on your account’s VIP stage. This promotion will run from 22 November, 2021 at 00:00 (UTC) to 22 December, 2021 at 00:00 (UTC).

Let’s see the way it works: A VIP Level 0 consumer desires to swap €1,000 for BUSD utilizing Binance Swap Farming. They go to the pool, put their €1,000 in and obtain an equal quantity of BUSD again. The consumer pays a transaction payment and claims again half of that transaction payment in BNB as a reward, given the payment rebate is 50%.

What Are the Risks of Swap Farming?

Swap Farming offers the same old advantages you’d count on from Binance. As all the time, your funds are completely SAFU. There’s no danger of loss when utilizing Swap Farming, which means you should use the product whereas having fun with peace of thoughts. With nearly no danger and excessive rewards, what’s to not like?

There’s additionally no have to entry exterior decentralized purposes like with different AMM companies. With only one click on, you may get from the Binance homepage straight to Swap Farming’s simple-to-use UI.

With any commerce or swap, there may be all the time the danger of slippage occurring and getting a unique price from what you anticipated. With Swap Farming, this danger has been minimized, because of Binance’s industry-leading liquidity. In reality, Swap Farming presents greater than 100 buying and selling pairs, every with deep liquidity. 

How Can I Take Part in Swap Farming?

1. Find Swap Farming from the Binance homepage

First, log in to your Binance account. Hover over [Trade] on the navigation bar after which click on [Swap Farming]. You’ll then end up on the Swap Farming web page.

2. Choose the token pair you need to swap

You can choose from a number of cryptocurrencies within the [From] and [To] fields. Enter the quantity you’d prefer to swap and make sure the small print of your commerce. Slippage and the payment are calculated robotically.

3. Click [Swap] to proceed

Click [Swap] to complete the transaction. You can then undergo the method of claiming your reward by following our How to Claim Swap Rewards in Binance Swap Farming information.

Reward your self with Binance Swap Farming 

Whether you’re making an occasional one-off commerce or are a daily swapper, 50% BNB rebates stack up rapidly. If you need a few of the $1,000,000 of BNB for your self, you may have till 22 December at 00:00 (UTC) to become involved and begin Swap Farming your crypto.

For extra detailed data on find out how to use Swap Farm and declare your rewards, confer with the next FAQs and guides:

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