Ankr is Listed on Binance DEX

Ankr
Ankr
Jun 6 · 4 min read

Together towards a decentralized future!

We are very proud to announce that Ankr are listed on Binance DEX. With the ANKR/BNB pair, we are among the very first projects to trade on Binance DEX. We are very excited to contribute to add liquidity and global adoption to Binance DEX.

Community application

After partnering with Binance Chain, we took the next step by submitting the community listing proposal, in which we have been very open and transparent about the Ankr project. We highly appreciate this community- driven approach, which provides valuable information about a project to its traders and investors, and hope that this approach will set the standard for future listings.

Once the listing proposal was added to the Binance Chain forum, our valued community showed their support, by describing their reasons why Ankr should be listed on Binance DEX. This resulted in an enormous amount of comments on the forum and shows how deeply engaged our great community is with our project.

Social stats on the Binance Chain forum.

We are truly humbled with the support of our global community, and will do all we can to live up to your expectations! Thank you!

Today, the majority of the Binance Chain validators have voted for our proposal to be accepted. Again, this process is fully transparent, as it is executed on-chain. Please see below the workflow which was followed in the listing process. You can find the description of the full process here.

Binance DEX listing proposal workflow.

Binance DEX benefits

The Binance DEX decentralized exchange, built on top of Binance Chain, is developed for traders who want full control over their funds and private keys. Binance DEX aims to be the first community driven decentralized exchange to provide the necessary liquidity to traders, and will use BNB as their native token.

Traders are able to store their funds in their own Binance Chain wallet or through decentralized wallet applications like Trust Wallet, which will store private keys only on their device.

Ankr & Binance Chain token model

Ankr is the very first project to introduce a triple token model, in which our native Ankr token, ERC-20 and Binance Chain BEP-2 tokens co-exist together.

The Ankr token bridge will ensure that there will never be more than the total supply of 10,000,000,000 Ankr tokens in total circulation. The Ankr wallet, which is integrated within our web-based application will provide seamless conversion between the three token formats.

Converting ANKR to Binance Chain format

The Ankr wallet is live and ready to use. Before you can start trading Ankr tokens on Binance DEX, you need to create an account and Ankr wallet and convert your ANKR tokens to the Binance Chain format.

You can find the wallet here: https://app.ankr.com/wallet

Please follow the next steps to create an Ankr wallet and convert your Ankr tokens to the Binance Chain BEP-2 format.

  1. Sign up for the Ankr app
The Ankr app sign up page.

2. Navigate to the wallet tab in the Ankr app and create a wallet

3. Generate an Ankr wallet address and store your details somewhere safe

4. Click the Token Swap button on the right

5. Choose the swap direction. For trading on Binance DEX, choose ERC-20 to BEP-2, and click Next

6. Submit your BEP-2 deposit address. You can generate a Binance DEX deposit address on www.binance.org

7. Send your Ankr ERC-20 tokens to the generated ERC-20 address, the ANKR BEP-2 tokens will appear automatically in your Binance Chain wallet on Binance DEX.

A small fee of 25 ANKR tokens is taken for each conversion.

You can start trading on Binance DEX now!

For us, this is the next step of expanding our partnership with Binance Chain, and towards a bright decentralized future!

Follow us on social media

Ankr

The official blog of Ankr Network: a distributed computing sharing economy

Ankr

Written by

Ankr

Distributed Computing Sharing Economy

Ankr

Ankr

The official blog of Ankr Network: a distributed computing sharing economy

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade