What is Chainlink (LINK)? Things to know about Chainlink and LINK
ChainLink is a decentralized Oracle network founded in 2017 by Smart Contract company Chainlink Ltd., based in Cayman Islands.
BSCSstation is a platform that provides DeFi services and utilities to crypto users on Binance Smart Chain . BSCSstation's vision is to become a leading ecosystem that can provide services, utilities and optimize decentralized financial applications.
Easy to use
BSCSstation offers a convenient and easy-to-use experience with a simple, user-friendly interface design and many complete and detailed tutorial articles.
Fast processing speed
BSCSstation is built on the high throughput Binance Smart Chain platform that reduces confirmation times, thereby making transactions faster.
Cheaper
Transaction fees are an important factor that users often consider before choosing a cryptocurrency exchange, platform, or application. With the construction on Binance Smart Chain, the transaction fee of BSCStation is considered to be a significant cost saving compared to other blockchain platforms, exchanges, and applications such as Ethereum, Uniswap, OpenSea , etc.
Exchange
BSCStation Exchange is a decentralized cryptocurrency exchange that allows users to swap (swap) BEP-20 coins/tokens on Binance Smart Chain. Similar to other decentralized exchanges, BSCS Swap also uses an automated market-making model (AMM), in which users trade with a liquidity pool.
Farms
Yield Farming at BSCStation Farms is a great way to earn BSCS rewards on BSCSstation. Unlike Start Pools, BSCStation Farms requires users to add liquidity to the pools in order to receive LP tokens. Users can then stake these LP tokens into BSCStation Farms and receive rewards.
Start Pools
BSC Startpool is a function that helps projects distribute their tokens to a wider audience before they are listed on the BSC Swap. Users will stake a coin/token required by the system (usually BSCS) at BSC Startpool to participate in this feature.
NFT Marketplace
BSCStation NFT Marketplace is a platform that allows users to easily create, trade, and auction NFTs with the highest security and transparency.
Launchpad
BSCSstation Launchpad is BSCSstation's decentralized IDO platform on Binance Smart Chain. The BSCStation Launchpad is designed to allow crypto projects to conduct their token sale safely and efficiently. With this feature, projects can easily mobilize and exchange capital quickly with low cost. In contrast, BSCSstation users are also introduced and can soon own tokens of quality and potential projects that are opened for sale on BSCSstation Launchpad.
Prediction Markets
BSCStation Prediction is a simple and fun decentralized prediction feature of BSCSstation. Participating users will predict the price of BNB/USDT. If you choose “UP” and the closing price of BNB/USDT is higher than the opening price of the candle 5 minutes ago, you will win and receive a bonus from the losing side. If you guess wrong, you will also lose your entire bet.
Developing:
Future plans:
BSCS Station's development team and advisors
Scofield – Founder and CEO : He has more than 4 years of research and work in the blockchain and cryptocurrency fields and many years of experience in developing the blockchain game market and community.
Thierry Luu – CEO : Thierry has 5 years of experience in the crypto industry and is currently working on many early stage startups.
Wien Wuoc – Marketing Advisor and Investor : With more than 10 years of experience in the field of communication and marketing in many different countries such as Korea, Thailand, Vietnam, Bangladesh... Wien plays an important part. in marketing strategies, market access of large companies such as Softbank, LG, Samsung...
Kevin – Investor and strategic advisor : Kevin is currently the chairman of FS Holding Ventures. He has extensive experience in investment and strategic planning for projects.
John Smith – Product Manager : John is an expert in blockchain development and design of decentralized financial applications. He has more than 7 years of experience in developing applications on the Ethereum platform, exchanges and crypto wallets.
Justin – Distribution Manager: Justin has over 10 years of product design and consulting for early stage startups. He has more than 3 years working with blockchain and crypto products.
Investor of BSCSstation
BSCSstation has successfully raised capital from famous investment funds, including: Spark Digital Capital, Morningstar Ventures, DFG, AU21, X21, NGC, BSC Pad, Bounce, Chain Capital...
BSCS is the official token of the BSCSstation ecosystem.
BSCS can be used to:
You can buy, sell, trade BSCS on cryptocurrency exchanges such as BSCStation, PancakeSwap, MEXC, Gate.io, Bilaxy...
You can also earn extra BSCS from participating in Yield Farming feature or staking BSCS at BSCSstation's Start Pools.
BSCStation Launchpad is a decentralized IDO platform on the Binance Smart Chain network. This will be a playground for investors who are looking for investment opportunities in crypto startups.
Each IDO sale event on BSCStation Launchpad is divided into 3 rounds including:
Option 1: Stake BSCS
Users need to stake the required amount of BSCS tokens to secure the purchase rate depending on their hierarchical rating. In addition, users need to complete tasks such as following media channels, participating in the community, etc. to be eligible to participate.
Beginner | Supporter | Contributor | Partner | VIP | |
Tier | Bronze | silver | Gold | Platinum | Diamond |
Number of BSCS required to hold | 15,000 won | 30,000 won | 50,000 won | 150,000 won | 300,000 won |
Time required to hold | 24 hours before BSCS round open | 24 hours before BSCS round open | 24 hours before BSCS round open | 24 hours before BSCS round open | 24 hours before BSCS round open |
Pool Weight | 15 | 35 | 60 | 190 | 390 |
Option 2: Stake BSCS-BNB LP token or BSCS-BUSD LP token
Beginner | Supporter | Contributor | Partner | VIP | |
Tier | Bronze | silver | Gold | Platinum | Diamond |
Number of BSCS-BNB LP required to hold | 90 | 180 | 250 | 700 | 1,500 yen |
Number of BSCS-BUSD LP required to hold | 3,000 | 6,000 won | 8,000 won | 22,400 | 48,000 won |
Time required to hold | 24 hours before BSCS round open | 24 hours before BSCS round open | 24 hours before BSCS round open | 24 hours before BSCS round open | 24 hours before BSCS round open |
Pool Weight | 15 | 35 | 60 | 190 | 390 |
Important things to note in the two tables above:
Note :
Example of calculating the distribution value:
If the project sells 1 million tokens in IDO and has 340 Bronze members (Bronze), 50 Silver members (Silver), 20 Gold members (Gold), 10 Platinum members (Platinum) and 5 Diamond members ( Diamond).
The total IDO participation of all tiers in this example is (340 * 15) + (50 * 35) + (20 * 60) + (10 * 190) + (5 * 390) = 11,900 . Tokens allocated per US dollar is 1,000,000/11,900 = 84 tokens
Before the IDO event takes place, users need to own BSCS tokens and stake them at the IDO pool.
Join the pool
Step 1 : You log in to BSCSstation at https://bscstation.finance/#/launchpad by connecting your MetaMask wallet.
Step 2 : You choose a project that is open to sell IDO to participate.
Then, you click “ View details ” to view detailed information about the project.
Step 3 : You click the " Join Pool " button to join when the IDO event is open.
Note : Please make sure you have enough BUSD in your wallet to join the pool. If you don't have enough BUSD in your wallet, a message will pop up prompting you to top up your wallet.
Step 4 : Confirm the transaction on your Metamask wallet.
Get tokens after IDO ends
Step 1 : After IDO ends and tokens are distributed to participating wallets, go to “Your allocations” and then click “Claim” to receive tokens to your wallet.
Step 2 : Confirm the transaction on your MetaMask wallet.
BSCSstation is a platform that provides decentralized financial services and utilities for crypto users on Binance Smart Chain with unique features such as NFT Marketplace, BSCS Swap, Start Pools, Launchpad… BSCSstation also has a team High-quality developers, partners and investment funds such as Spark Digital Capital, Morningstar Ventures, DFG, NGC, BSC Pad, Bounce, Chain Capital… Especially the BSCStation Launchpad feature regularly organizes many IDO events of many projects with a high rate of return. However, there are many projects with ideas like BSCStation on the market today, led by PancakeSwap. To be able to go further in the future, BSCStation needs to develop new applications and features that are more attractive to users. In addition to participate in BSCSstation IDO, users must stake a minimum of 15,000 BSCS, a sizable amount for small investors. If you buy BSCS at a bad price, it will take you a long time to get your investment back.
Therefore, you need to do thorough research before making a decision to invest in BSCS tokens. However, if you have faith in the development of BSCSstation, you can still spend some money to invest in BSCS tokens with a reasonable investment allocation strategy instead of spending all of it on BSCS.
Based on the information provided by the article above, TraderH4 hopes that it will help readers get more information about BSCSstation and BSCS tokens as well as how to participate in buying IDO at BSCStation's Launchpad.
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