Robonomics officially begins its integration into the Binance Smart Chain ecosystem. The team launched a bridge from $ XRT ERC-20 to BEP-20 in partnership with AnySwap Exchange. This allows XRT to be listed on the largest DEX on BSC, PancakeSwap (1 billion USD daily trading volume). Trading begins on Tuesday, December 16 at 3:00 PM UTC.
The Ethereum network has had some issues with scaling up, this has resulted in high transaction costs while denying retail investors active trading on DEXs. That is why many projects are making BEP-20 versions of their token on Binance Smart Chain, which allows them to enjoy low transaction fees (from around $ 0.1-0.5 per TX).
Now all PancakeSwap users can trade the XRT made by Robonomics. Also, anyone who becomes a liquidity provider will be rewarded by the project’s DAO. Those who wager tokens can get around 13 XRT for every 1% OF a liquidity pool. You can find actual rewards here.
What is this all about?
Robonomics is a decentralized open source platform for IoT and robotics. It was created in 2015 to usher in the 4th Industrial Revolution Economy of Robots.
The primary goal of the platform is to enable cyber-physical systems to become autonomous economic agents.
- Robotics / IoT devices can be used to pay for transaction fees that arise as a result of user-device or device-to-device interaction;
- Turn of;
Anyswap is a reliable protocol to bridge assets between heterogeneous layer 1 platforms and facilitate cross-chain swaps.
PankaceSwap is the new decentralized exchange (DEX) created on the Binance Smart Chain (BSC). The Automated Market Maker (AMM) provides users with many innovative ways to trade and create revenue streams from their cryptocurrencies.