/biz/ - Business & Finance

>>28527408
Cake

>>28527408
This is a BSC token?

What you thing of bunny? Seems like a copy paste of pancake swap

>>28527408

>>28527408
I like cake

Is BSC just a carbon copy of Ethereum is or it fundamentally different in terms of how gas/fees are calculated, etc.

>>28527408
Massive poorfag with 2,000 CAKE since $0.44
Now that stack is $14,000 and I rake $50 daily
I'm financially saved by an Internet Pancake meme coin

>>28527408

>>28529681
correct. it uses your ethereum address, but you would be on the binance smart chain network

>>28530047
grats anon. I spent $13,000 to buy 2200 cake yesterday and I am very happy about it. it's the most obvious 5-10x on the market right now. feeling comfy as fuck and I love the branding.
>>28527408
listen to this anon, he lays out the points succinctly. making big money in crypto is about catching trends; this isn't ground level for bsc and cake anymore but the trend is strong and obviously getting stronger and that makes this a safer bet IMO

>>28531129
Are narwhal, bake, bunny something that should be considered?

They seem to offer some unique features each, curious for thoughts

any alternative charts for BSC?

>>28531129
>it's the most obvious 5-10x on the market right now
Holy hopium, I wish you are correct but something that good happening to me... It would be a first
>>28531129
>I love the branding.
I give you this. Their branding, marketing and graphic design is top tier. Key to their popularity. Everyone wants something pretty.

Think it’s too late to jump on this cake train?

to add to the discussion, what's driving cake so hard right now is a perfect storm: eth gas fees have passed the threshold of unaffordable at the exact time that we're getting a huge influx of newfags to the market. until the major dexs like uniswap move to L2 (which is going to be weeks if not months), retail is going to be trading on bsc. newfags are going straight there, and semi-newfags are quickly learning to migrate. the buzz is growing here, twitter, and everywhere else. it's going to keep accelerating and cake is going to fly along with it. look at the chart compared to bnb, they're moving exactly in tandem as transaction and trading volume picking up, only cake is still under $1B. it's going to 5B at the very minimum, and it will probably only take a week in these market conditions. look what just happened with ADA and GRT, even billion-dollar caps are multiplying overnight. big money, small money, all kinds of money is flowing into crypto at incredible speed right now. it's the perfect storm.

>>28531644
Anon new fags can't even figure out how to get on BSC. You're early

>>28531319
just like on eth, if you want safer, reliable gains keep the majority of your money in fundamentally bigger caps and allocate a small amount to riskier small caps. don't get greedy, you can hit it big sometimes but a lot of the time you'll regret it.
>>28531519
it happens to people all the time in crypto, don't sell yourself short. you got incredibly lucky getting in at the price you did. maybe set some targets to take profits so you don't rope if there's a black swan, but look at the fundamentals. cake is undervalued and that's why it's trending up so strongly. the market is pricing these things in.
>>28531644
checked and again look at the fundamentals. uniswap's fully diluted market cap is over $20 billion. pancake is still less than 5% of that. and it's getting 60% of the trading volume. the other day it was 80%. until gas prices on eth come down, that's not going to change. I wouldn't be surprised at all if cake flippens volume this week. anything under $10 is still early

BSC is based

>>28532323
Thanks for the good advice

>>28527408
>major guys are moving over like AAVE, SNX
source?
>>28531776
>only cake is still under $1B
it's actually 1.27 billion mcap and increasing relatively fast as almost a million cake are printed every day

>>28532323
If eth gas prices ever go down to a reasonable normal, would projects on bsc still flourish as what we are seeing right now? I would like to believe so, as it feels like a separate segment of the market, like polkadot projects. Should we expect a significant loss of volume on bsc should this ever occur?

>>28531804
this is my bet. Until people figure out how to use BSC we're all going to make it. as long as bunny doesn't rug. i might have a 2nd chance to make it.

Why are the charts constantly bugging out?

>>28532707
Me too, I would like bunny to pull off what beefy.finance did.

AUTO + FUEL literally free money

>>28532917
im kinda nervous but, if they wanted to rug, maybe they would have done so by now?

>>28533089
The devs are planning to launch their eth cross chain testnet on this 15th which to my understanding entails bunny token burning for the fees collected from the cross chain trades. The full launch will be on the 26th. I think we'll see what their true intentions are once that testnet is up. Also, them being audited by Haechi Audit is good and all but yeah, a level of skepticism is always good.

>>28530009
its completely centralized
cz runs all the nodes and subsidizes the fees

>>28532323
Any thoughts on Venus (XVS) pretty much maker and compound rolled into one on the BSC

Dracula Protocol $drc is going to make moves. Look at anything that launches a legit product. It all pumps. v2 is going to be massive. 100% unique codebase, 100% new partner pools.

>>28527408
Fck chink coin.

>>28533575
fingers crossed then. all in all. it's been real

I saw a Dracula Protocol tik tok ad… is it legit? They really offer 15% apy… some of their things offer 51% apy?! That’s crazy! But what’s an LP token? I think I might just buy it and deposit it for 15%. That’s way more than my bank pays… I think the ticker is $drc

I have 2k CAKE farming on Pancake Bunny with auto compound and am farming 1k CAKE in the LINA pool on pancake swap as of today. Already made like 20 CAKE through farming on pancake bunny in just a few days im pretty comfy frens

>>28527408
this shit is great, im farming +-100 dolars of cake every day at bdo/bnb pool

>>28527408
Comfy with my cakes, good price right now, support everytime it ATHs, cheap swaps (set gwei to 21 and gas to 210000 for 20c swaps), 150% up staking that you can take out anytime!!! Buy this fucker before $20+

>>28529814
Bunny is not just a swap function it's a yield aggregator. If cake is uniswap, bunny is YFI

>>28533634
oy vey
time to move on

>>28534380
hahaha, yep looks like a sell signal. If I didn't know the technicals, and only looked at the chart + this newfag, I'd say the top is in.

>>28534867
*fundamentals (not technicals)

>>28534867
the top is in for which coin?

>>28532624
there are also burn mechanisms. creators have said they want to aim for equilibrium with farming rewards
>>28532700
I think it'll have its place but the majority of the capital will be on eth once transaction costs are affordable again
>>28533602
haven't looked too much into it. it's high cap and cake is just such a sure bet right now imo I don't want to diversify much
>>28533752
this is about making money friend
>>28534311
unless I'm wrong there isn't much value prop behind the token itself. the platform has a lot of TVL, but the token is just getting farmed & dumped

https://yieldnyan.com/#/farms

made $200 in 4 hours so far. be careful as always frens

reach 10 dollars already please AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH
don't dump now AAAAAAAAAAAAAAAAAAAAAAAA

>>28534867
it is called a correction. Doesn't mean you can't make money elsewhere :^)

>>28534972
I don't think it is, but that newfag talking about tik tok ads is a huge sell signal.

>>28535429
for which coin? the vampire one?

>>28533634
DRC is called Dracula Sucks and the Sucks part literally explains how the project is doing. Also this is a BSC thread, not a ERC20 thread.

>>28535080
I think you are wrong. The platform raises fees which it pays in wBNB to people who stake the token. The higher the TVL the more fees they can raise and pay out to hodlrs, who are incentivized to stake. It's not new or unique, but it has solid fundamentals and value.

>>28527408
based. I made the transition yesterday after realizing how much BNB has pumped recently. I don't like binance, but honestly, it's a very normie exchange and has the easiest flow to transition people to a new network. I really think the lowcap shitcoin market on pancake is going to blow up soon.

>>28535148
looks too good to be true. how do i make sure i wont be rugged?

>>28527408
What kind of fees are there with pancakeswap? It's using BNB so it's not crazy like with Ethereum right?
How do I start using this instead of using sushiswap?

>>28535888
fees are less than 30 cents

>>28535888
fees are around 15 cents, you need to add bsc to your metamask and send coins from binance or through the bridge

>>28535888
Most transactions are like 10 cents for me and take under 30 seconds

So could BSC attract new products that issues their own BEP-20 tokens on BSC in the same way that all kinds of shitcoins are launched as ERC-20 tokens? What about bridging tokens between the two chains?

>>28535888
You can also use trust wallet, it pretty much holds your hand while getting started with BSC

>>28530009
Gas fees are less that a dollar of you set gwei to 21 and gas limit to 210000...and still within 1 minute.

>>28536262
They have a Binance bridge to bring over ERC20 tokens. I think they pay for all the fees, you just need to use gas to send it to the bridge.

Was actually going to sell my 100 cake that I bought after seeing a snappy CZ tweet.
Maybe I'll hold for a month

>>28535735
>looks too good to be true. how do i make sure i wont be rugged?
you don't but I talked with devs on TG and through some other networks found out their code is the same a kebob. So take that for what you will.

CROW might be a good buy rn
Way down from ATH, about to release audit
I'm thinking another pump is coming

I've been spending most of my days looking for good projects to invest in. I'm starting to wonder if just HODLING BNB and Cake and farming the latter is the right play right now.

how the fuck do i use this?

binance chain tokens are literally free money right now
it's early still very early, like eth defis in 2019

we must raise awareness of this, bnc will flip eth with the extreme low fees

>>28536717
Bnb will out scale ETH

>>28536717
The farms and pools are good, good income.

Where my /NYAN/ niggers at? I'm sitting comfy with my 1000% APY on a fucking stablecoin.

>>28535677
checked and you're right, just took the time to look into it. I think I'm going to get a bag and start farming there, if the bsc hype keeps going I don't see how this won't moon. chart looks similar - went parabolic, corrected, getting back on an uptrend. seems like a good time to buy
>>28536341
all my transactions have been confirming in 10 seconds or less, and as others have said, for pennies. it's great being able to move between pools and even manually compound and pay practically nothing. feels so good after $20 approvals and $50 swaps, not to mention moving in and out of pools for $100+

also for bnb newfags:
if you are too dense to set up metamask for bnb network; just use trustwallet, it's comfy, it's easy to use

Tokenomics?

>>28536566
That is correct. I just diffed both contracts and the only differences are in comments and token names. Seeing as kebab was audited by Certik, this gives me confidence.

$drc is about to 10x. Ezpz. V2 launching soon. Completely unique code set. Plus, you can stills take DRC and earn ETH. APY is 15% or so. Normies love that. Then us degens can take the riskier plays if we want.

>>28536033
Where's the bridge my man?

>>28537278
uncapped
hyperinflationary
cake is burned every week (devs decide)
cake is burned with a lottery game
cake is supposed to be burned with trades
cake is supposed to be burned with nft gaming
its a chink pajeet nigger coin. In India do as the jeets and dump on a regular base into the street

https://www.binance.org/en/bridge
you don't even have to use binance to buy bnb for gas, as on the bridge you can check an option to swap some of your bridged coins for 0.5, 1, or 2 BNB
however I don't know exactly about that option, as it only showed up once I used it but then it disappeared or something, so you might have to use binance

>>28536962
>>28537051
eth is going to win long term but for now until the fees come down there's a golden opportunity for bsc coins
>>28537147
link? not on gecko
>>28537278
afaik utility, fee sharing, governance. you need the tokens to participate in the launch pad. not groundbreaking but a fundamentally solid model

>>28537792
meant for
>>28537603

>>28527408

nobody listened when it was under 1 usd forever even touching 0.4 not even 60 days ago. Dont u think its a bit late?

>>28530009
>Is BSC just a carbon copy of Ethereum is or it fundamentally different in terms of how gas/fees are calculated, etc.
Ethereum is proof of work.
BSC is proof of stake.
BSC is not more centralized than Ethereum or Chainlink.

Maybe someone can make a /biz/ telegram chat dedicated to $CAKE and BSC in general?

>>28532624
>it's actually 1.27 billion mcap and increasing relatively fast as almost a million cake are printed every day
https://www.bscscan.com/token/0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82#balances
Top 3 holders are
Syrup pool (staking)
Burn address
BNB-CAKE liquidity pool address

This means out of the currently minted 181 million tokens, 25 million are out in the wild and actively trading. The actual market cap is not even $200 million.

>>28538613
I give you the point about the burn adress, but who says that staked coins are not part of the mcap when you can unstake them within seconds and sell them?
Also, I'm sad that the circulating supply doesn't go down when coins are burned. It would look more appealing that way

whats the best chart to use for these bsc gems?

CAKE airdrop when CZ??

>>28538948
https://pancakeswap.info/home

I'm using this for now, as I also don't know any better one's.

CAKE is an infinite money glitch in real life
what is the catch here?

>>28538400
good idea

>>28539016
not going to happen. but at the very first days of pancakeswap the apy for simple pool staking cake was 8k to 6k %. thats like an airdrop. you could watch it go up with minimal investment.

>>28527408
BSC Ecosystem

>>28533583
Subsidized fees and in return his coin went 4x. Definitely paying for his nodes nicely. Plus the exposure it is giving Binance is priceless.

But seriously anything other than BSC is what we want in the future.

>>28538872
deflationary models are a gimmick. if you have an actual platform with revenue that requires token velocity, minting and burning simultaneously is the way to go.

>>28539781
you didn't answer my point about the mcap tho

>>28539256
there are better ones fren. But you need to be able to read chinese to find da way

>>28539638
missing Tenet

I was able to get set up with BSC on Metamask but now it's stuck approving. I can't speed up because metamask assumes it's Eth and not BNB. What's the deal here? Kinda buggy.

so how does staking, farming or whatever you call it works? and what kind of return can i expect with as little as $200?

>>28539638
>completely forget about dodo
>so 3 weeks ago
>check price
>check wallet
Kek. What da fuck you doing niggers?

>>28540492
I should have added that I'm also using my Ledger, but it never asks to approve the transactions, which I'm guessing it's why it's stuck.

>>28540547
maybe 500 dollars in a year

>>28540492
it doesn't assume it's eth, it's just a visual bug, they never updated it, all your transactions will be displayed as eth, but in reality it's bsc or whatever network you use

>>28540492
original meta mask and bsc can have issues. Had to pay 1 bnb at 120 dollar to get 2500 busd stuck in an sc because, fucking json rpc error and meta mask being of the opinion that I need to pay 1 bnb. At least got 300 out of the trade. Unironically, use brave, trust wallet, and binance wallet for bsc shitcoining. Meta mask may freeze your funds

how the fuck do i buy this shit

>>28541076
Damn dude. Yeah good idea. I'm already seeing that I can't use a gas fee of ~10 gwei since metamask assumes it's too low.

>>28541262
>buy bnb on binance
>download trustwallet to your mobile
>send bnb to your wallet
>in the trustwallet tap on the "DApps" button on the bottom
>find pancakeswap, it's highlighted
>swap/trade/pool w/e

>>28538872
Valid point, they are looking to implement a long term locked staking with bigger rewards
Also they are voting currently to burn more cakes on the daily lottery which would reduce the new CAKE emission by around 5% weekly
They still have to deal with the high inflation rate but so far it it hasn't been an overly major issue. I've seen "capped" tokens having worse inflation ratios in shorter time periods

the only thing that scared me with cake is the infinite supply. That is why uni will always be superior. Any arguments?

>>28527408
Bros why is the volume on pancakeswap dropping so fast the past couple of days? The parabolic growth just stopped suddenly, is there an explanation? Should we be concerned? Was this all just fake chink washed volume?

>>28542524
yeah what's up with that

>>28541302
It is a shitshow. Secure your keys and memonic, especially cross chaining. Trying to get into automating and lucky enough evm shitchain keys can easily be restored on different devices and providers

>https://docs.pancakeswap.finance/tokenomics/cake-updated-10-29-2020

They're literally printing 750k tokens per day

>>28543578
currently not in cake, but the devs seem to have a plan even if its one secured with tape, cum, love and hope.

>>28540057
you're absolutely right staked coins should be counted into the market cap. I usually go by fully diluted unless there's some mechanism that will keep them out of circulation for a long time, and even then the larger market often prices in uncirculating coins
>>28541758
see above. if they have a revenue model on the platform (they do) it makes sense to mint and burn simultaneously. the devs have said they aim for equilibrium
>>28542524
look at uniswap's volume history. there are spikes and down days, it's the overall trend that matters
>>28543578
are you new to defi? serious question

>>28544227
forgot cute animal

>>28544390
cute animal, price prediction eom?
i'm scared looking at the chart

>>28536276
SafePal wallet works without the actual hardware device and has everything all in one place. Best workflow I've seen.

>>28537147
Here

>$300 on pancakebunny cake autocompound
>farmed $2 in two days
>have $700 on binance
do i just add that all in or are the gains so small that its not even worth it?

>>28531129
Which site do you use to buy in?
binance.com or binance.us

Tell me why I shouldn't put $1K into CAKE right now

>>28545961
why not? it's gonna keep going up for the foreseeable future.

>>28545961
because you could gamble it on a lower mcap coin which could do a x100 (or lose 90%)
or perhaps because this looks like a local top
but i think it's a good project, looks cute

>>28544227
Can you explain how ~0.5% daily inflation is good?

>>28544501
I think the chart looks great. I originally bought under $5, sold the ridiculous spike and bought back yesterday when it looked like we were confirming $6 as major support. I doubt we'll be under $10 for very long
>>28545291
gas fees are so low why wouldn't you
>>28545040
got a link?
>>28545378
I use .com with a vpn

I'm holding 20k dittos, should I stake them on the pancake liquidity pool or just hold them? Idk how it would work with the rebase mechanism, which would be more profitable?

>>28546408
https://yieldnyan.com/#/farms

also looking pretty tempting, 20k apy on nyan/dai or 2k apy on cake/bnb
my only concern would be nyan tanking, it's only been stable at $13 for a few hours

>>28548204
>also looking pretty tempting, 20k apy on nyan/dai or 2k apy on cake/bnb
>my only concern would be nyan tanking, it's only been stable at $13 for a few hours
that is a major concern, ive had to watch it like a hawk since i started yesterday. Last night I was debating getting out of my farm or leaving it going until morning... I got out. Made the right decision cause the price went from 26 to 12.

>>28546178
inflation is fine when you have a platform that needs to reward users (liquidity providers). burn mechanisms to offset inflation means it's still a great investment as long as it has liquidity and volume

>>28544501
looked at the chart again, it's sexy as hell. calling it now, new ATH within 24hrs

got around 200 at 0.90$ to piss about with the staking.
feels good man

>>28548498
thanks just bought 100k

Please shill me some BSC coins.

>>28548404
doesn't help that pancakeswap's token price tool is clunky as fuck, graph barely loads half the time
the cake/bnb pool would be pretty stable i'd imagine, might go into that

Fuck, I got rugged on some sketchy shit. Can't sell my tokens.

>>28537898
>eth is going to win long term but for now until the fees come down there's a golden opportunity for bsc coins

literally this

>>28548862
>graph barely loads half the time
this is what worries me, also the lottery isn't working right now and there are other bugs
what worries me is that they just copy pasted code and aren't actually capable of expanding the platform or properly maintaining it

I've only $15 left, everything else got exitscammed, but that's entirely my fault because I was blindly buying all random shit and most of them were with broken sell function.
Shill me something nice and trustful, I wanna return back to $60 atleast

>>28546839
IDK about if it's worth staking, but rebase tokens are very safe and easy to swing. I bought at .54 last night and sold at 1.32 this morning. Comfy night making money sleeping. I'll buy again if it dips below .75

>>28536613
I fucking doubled down my dick on that dip.

I'm gonna be fucking rich if this shit x10 from here.

They are now doing a second audit just so the autists stop being afraid cause of the icecream rug.

get in $CROW or stay poor faggots

>>28539638
Forgot BELUGA

On pancake swap, I see pairs of erc-20 tokens like usdc and dai. WOuld I send my dai to binance then send my DAI to the BSC? I see EOS /BNB DOT/BNB ADA/BNB pairings, How is this possible? is this centralized or something? What am I missing?

>>28552175
>On pancake swap, I see pairs of erc-20 tokens like usdc and dai. WOuld I send my dai to binance then send my DAI to the BSC? I see EOS /BNB DOT/BNB ADA/BNB pairings, How is this possible? is this centralized or something? What am I missing?
Those are not ERC-20 tokens, they are the BEP-20 versions.

You can send ERC-20 DAI via the binance bridge to the binance smart chain (converts ERC-20 DAI to BEP-20 DAI). Same thing with ETH (there is a BEP-20 version ETH).

>>28552175
those are wrapped/pegged versions of those coins, just like wrapped bitcoin is available on eth
you can see all the tokens here, and you'll see they're all pegged to their native prices https://pancakeswap.info/tokens

>>28552439
What is the best play, Buy BNB and CAKE and provide liquidity or just stake cake? for Cake? What was the fees for creating LP tokens pricey like ETH or much cheaper I guess huh? Thanks anon I feel like I missed the boat, but at the same time with Binance they got money to throw around.

What is the BSC equivolent of SNX? What is the BSC equivalent of compound/aave/maker? Thanks anon.

>>28552439
Thanks for the link, So DOT and ETH for example are just DOT and ETH on BSC?

What is the process of getting my DOT or ETH on the BSC? I guess their is some centralized shit on Binances side that makes this happen?

>>28552692
bsc fees are like 20c which is why it's getting traction
as for best play, ultimately it's up to you and how much risk you'll willing to go for. i've seen people 10, 100, 1000x'ing on things like jetfuel, auto, crow
here >>28539638 is an overview of the bsc ecosystem, might find what you're looking for there

>>28552956
https://www.binance.org/en/bridge
i haven't used it as i use binance anyway, and they allow you to withdraw tokens on different chains anyway
dot and eth on bsc are technically entirely separate tokens, but they're pegged to their actual prices, and the bsc bridge will let you transfer them cross-chain

>>28552956
Binance bridge doesn't require any KYC or registration, you just connect with your Metamask, then bridge it and receive it on the other side (BEP20 wallet) within 5 mins

>>28553227
>>28553334
Exactly what I needed anons. Thanks, for the info. Ill throw 5k at it.