BORG-BSC Launched, with High APY Staking
BORG launched on Binance Smart Chain (BSC) for optimized trading costs.
What is BORG-BSC?
BORG-BSC is the BORG assimilating the BSC (Binance Smart Chain). The number one motivation for adding BORG-BSC was to reduce trading costs for users as Ethereum Gas prices were pricing many small traders out of making moves. BORG on Ethereum currently costs $~30 dollars to trade (like most complex token contracts) on Uniswap v2.0 where as BORG-BSC costs $0.22 cents on PancakeSwap (the variant of Uniswap on BSC).
BORG-BSC and BORG-ETH will continue to operate side-by-side on both chains. We will support inter-chain bridging in a future roadmap item.
How Does BORG-BSC Work?
BORG-BSC was written as a custom version vs. BORG-ETH. BORG-BSC operates on two levels to produce profits:
- Tax Returned To Holders — 1.11% of all transactions come back to holders as a fee. Your balance automatically increases without having to stake your tokens.
- Deflationary Token Burn — 1.11% of each transaction is burned thus reducing the total supply of BORG.
Source Code:
uint256 private constant _TAX_FEE = 111;
uint256 private constant _BURN_FEE = 111;
Trading on PancakeSwap
With a majority of volume on BSC, we have decided to launch our initial offering of BORG-BSC on PancakeSwap.
High APY Staking on Tenet
BORG-BSC was seeded with initial liquidity and now we are growing the pool with High APY staking from Tenet. The current yearly ROI for staking BORG-BSC is 19,197.86%.
How To Stake BORG-BSC
Pre-Requisite: Get Setup on Binance Smart Chain
(Guide Here for using BSC with MetaMask)
Step 1: Buy BORG-BSC on PancakeSwap
Step 3: Deposit LP Token Into Tenet Staking
On the Tenet Staking website, you can deposit your LP (Liquidity Pool) token from Step 2 to receive BORG rewards. Your rewards will start to accumulate from the next block after you deposit your LP token.
This is 100% fair staking. There is no bonus period, and no “competitive yield farming”. The more BORG:BNB you stake, the larger your reward.
Step 4: View Your Earnings in Real-Time
Refresh the dashboard to see your expected number of BORG-BSC earned per day. You can harvest your reward without having to un-stake your tokens.
Step 5: Stacking Your Reward (for Compounding APY)
In order to receive the compounding APY, you must continue to repeat Steps 2–4 above after you have harvested your rewards.
Staking your Reward:
- Follow Steps 1–4 Above.
- Harvest(); your rewards from Tenet every 12 hours.
- Pair your BORG reward into BORG:BNB via Step 2.
- Deposit BORG:BNB LP token in Tenet Staking for BORG:BNB via Step 3.
- Goto Step 2.
By repeating this process you can compound your earned reward into a new staking LP token which will start earning rewards as well.
Additional Information
- Twitter: @TheBorgToken
- Telegram: Telegram Room
- Medium: TheBORG Token
- Website: Assimilate.Finance
