Asset issuance on Binance Smart Chain!
The key principles of the Roobee platform are transparency of investments, reliability of statistics, and security of payments and user funds. That’s why the Roobee platform utilizes its blockchain and issues assets that act as a digital representation of investment products.
Previously, for asset issuance, we were using the Kovan Ethereum testnet. However, over time, transaction costs and processing time have only been increasing, which resulted in inconvenience to users when interacting with Roobee. In this regard, we decided to integrate BSC into the Roobee platform.
Each investment of the user is now recorded on the BSC blockchain, which proves that the investment is real and belongs to this particular user. For each investment product on the platform there are transparent and unforgeable statistics on BSC.
For each user, the Roobee platform records the following data onto the BSC blockchain:
- info on the asset purchased;
- the date and time of purchase.
Here is how, with the help of the blockchain, you can check that the investment you’ve made is real:
Once you’ve bought an investment product on the Roobee platform, you can then go to the “My portfolio” section and view all the transaction details on BSC. To do so, click “View transactions on the blockchain”.
You’ll be taken to a page on BSCScan (Binance Smart Chain explorer) where you’ll find the transaction data and the asset that you’ve purchased on the Roobee platform.
If you want to check that your wallet address matches the one displayed on BSCScan, go to “My Wallet, then click “+DEPOSIT” and select Ethereum. Your address on the Ethereum network will appear below (this address is used on BSC too). Alternatively, you can use the link: app.roobee.io/my_wallet
Now simply compare your address on the Roobee platform with the address displayed on BSCScan.
Assets (pre-made portfolios, ETFs) are issued on the BSC blockchain, which proves they are real and belong to the user who has bought them.
By the way, you can find the transaction that we’ve used as the example via this link:
With the next platform update, we will add more support for BSC, introduce a new payment option (BUSD), and bring bROOBEE (BEP20) support — users will be able to store and use on the platform both ROOBEE (ERC20) and bROOBEE (BEP20) tokens.
