Unido joins Binance Smart Chain Ecosystem with ChainSwap!
In preparation to UniFarm Cohort 7 launch we have joined forces with ChainSwap and enabled option to swap $UDO from Ethereum to Binance Smart Chain or vice-versa.
Ethereum gas fees have been a major challenge for many users wishing to participate in the Unido Liquidity Mining program. Thus, we are providing a solution that will enable our community to leverage Binance Smart Chain for a one-sided staking option that will allow for:
1. Lower gas fees
2. Greater portability
3. Faster transaction speeds
4. Greater diversification in staking the UDO token to receive other tokens
[GUIDE] HOW TO SWAP $UDO TOKENS FROM ETHEREUM TO BSC
Wallet is required to connect with ChainSwap. In this guide, we will use MetaMask.
Step 1
Open ChainSwap and connect your MetaMask wallet.
Step 2:
From the drop down menu, select $UDO and enter the amount tokens you want to swap.
Step 3
Click on CONFIRM after entering the number of $UDO tokens that you want to move from Ethereum to BSC.
Step 4
Click on “Deposit in Ethereum Chain”.
Wait for the confirmation of deposit in Ethereum Chain.
Step 5
Confirm again. MetaMask will open up and confirm the interaction.
Step 6
Once the interaction is approved, click on “Withdraw on BSC Chain.”
Step 7
Once again, it will open up the MetaMask and ask the user to switch chain to BSC. Click on “Switch Network”.
Step 8
Click on “Withdraw on BSC Chain”.
Congrats! You have successfully bridged your $UDO tokens from ETH to BSC.
About Unido
Unido is an enterprise platform for decentralized capital markets. It enables institutions & corporate clients to securely store, manage and invest their crypto assets into decentralized finance networks. Unido is underpinned by proprietary key signing technology that provides enterprise-grade security for any transaction which utilizes it.
Founded in 2017 and with a market-ready product, Unido is led by an experienced team of ex-Goldman Sachs, ex-Macquarie and ex-Wipro with decades of experience in enterprise software development, financial services and agency blockchain development.