How to connect your portfolio to the Binance Smart Chain to receive your Licencing Rights?
This tutorial is here to help you set up your portfolio to receive Licencing Rights in BUSD on the Binance Smart Chain:
Download the metamask portfolio: https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=fr
MetaMask is set by default on the Ethereum network. To navigate the Binance Smart Chain, you need to change some of the extension’s settings. This is what we will discuss in this second part.
Now your extension is installed and your 12 words seedphrase generated (don’t lose it, it allows access to your funds), head to the settings tab.
Tutorial:
- Connect your ERC20 wallet where you received your Rights licensing to metamask
- Then click on the network as shown in the following image
- Once the menu is unrolled, go to the Custom RPC tab.
Then click on Custom RPC. It is in this tab that you must manually set up the accesses to the BSC as follows:
- Network Name : Smart Chain
- New RPC URL : https://bsc-dataseed.binance.org/
- ChainID : 56
- Symbol : BNB
- Block Explorer URL : https://bscscan.com
The Smart chain network is now available in your metamask.
The next licensing rights payments will be in BUSD: In order to see your next BUSD payments in your metamask.
Please add the token to your wallet to do so go to this page: https://bscscan.com/token/0xe9e7cea3dedca5984780bafc599bd69add087d56
And “ click on Add Token to Web 3 Wallet “.
Now that you are ready to receive your Licensing Rights BUSD and interact with the BSC on your MetaMask wallet, you need to add funds to it.
The utility token of the BSC is the BNB. It is the equivalent of the ETH for Ethereum. It is with it that you will pay the fees on the Binance blockchain. So add some to be able to use the BSC.
If you have a binance account, you can directly send BNB from the binance platform to your address by selecting the Binance Smart Chain network.
Or you can go directly to the binance bridge via this link by connecting your wallet: https://www.binance.org/en/bridge
