NuNet’s NTX Token Launches On The BNB Chain!
Greetings Singularitarians,
NuNet is taking a new step as a multichain project by launching the NTX token on the BNB Chain (formerly known as Binance Smart Chain). This move stands to open us up to new community exposure and opportunities. Users will also be able to benefit from the decreased transaction costs associated with the BNB Chain and new DEFI options, which we will describe later in this article.
Launch and Bridging
First, we should begin by explaining how this launch will take place, so the community is aware of the tokenomic effects. We began by burning 50 million NTX tokens on Ethereum and minting an equal amount on the BNB chain. This allowed for the creation of the new contract on BNB while also keeping the max supply of NTX unchanged. These tokens on BNB will be used for DEFI and bridging purposes.
Starting Thursday, April 14th, bridging NTX to and from the BNB Chain can be done via the multichain bridge. Users who already have an Ethereum wallet can have the same address on the BNB Chain and easily access either blockchain simply by switching the network in their wallet. Users can interact with the bridge to send NTX to the BNB version of their wallet, or send it back to Ethereum. Information on how to add the BNB Chain to a wallet can be found here.
Add the NTX token to your BNB wallet using this address: 0x5C4Bcc4DbaEAbc7659f6435bCE4E659314ebad87
Decentralized Finance for NTX on the BNB Chain
The NuNet token is available on PancakeSwap, the largest DEX on the chain, as an NTX/BNB pair. Yield farming for providing liquidity for this pair, as well as unbonded staking for NTX, will both become available on April 14th. All of these DEFI options will be accessible through the SingularityDAO app. Just be sure to select the BSC option from the drop-down menu to ensure you are on the right network.
We hope you enjoy these new opportunities as NuNet begins expanding across the blockchain ecosystem!
NuNet Is Hiring!
NuNet currently has a number of open positions for various roles within the team. If you have the skills and desire to join us in our journey, you can find more information and contact us through our jobs page.
About NuNet
NuNet lets anyone share and monetize their computing resources, turning cloud computing power from a centralized service into an open protocol powered by blockchain. Find out more via:
