How To Use The 1:1 Conversion of bSRK & SRK on BSC to SRKb
[UPDATE: This method has ceased working on June 30, 2021. Please read the update below.] Learn how to convert your bSRK & SRK on BSC to SRKb
Update: As the team will start focusing on SRKb (alongside SRK ERC-20 issued on the Ethereum blockchain)and complete the migration away from bSRK (BurgerSwap) and SparkPoint on BSC (JustLiquidity) by June 30, 2021, this conversion method will also cease working on the same date.
The continuous discovery and improvement inside the SparkPoint Ecosystem introduced to us the BEP-20 tokens of SparkPoint Token (SRK) which are the bSRK (BurgerSwap), SRK on BSC (JustLiquidity), and SRKb (SparkSwap). As of the writing, bSRK has a record of 1,607 active holders with 20K+ transfers, while SparkPoint on BSC (JustLiquidity) has 19K+ holders and 79K+ transfers, and SRKb has 1,171 holders with 14K+ transfers.
Read: Explainer: The Official SRK On Binance Smart Chain, SRKb, And The Others
In this article, you’ll learn how to convert your bSRK or SRK on BSC tokens to SRKb especially when you are intending to participate in our pool-based staking to earn rewards. Please take note that both bSRK and SRK on BSC versions are supported in this conversion process, hence the same procedure applies to both of them
Now, let’s proceed to the tutorial.
Step 1: Open your cryptocurrency wallet
Go to your cryptocurrency wallet. For this tutorial, I’ll be using MetaMask wallet. Select the Binance Smart Chain network.
Always remember to check if you’re in the Binance Smart Chain network since bSRK or SRK on BSC is a BEP-20 token.
On the bottom right corner, click SEND BSRK.
Step 2: Input SFUEL Deployer Address
Now you need to input the SFUEL deployer address: 0x59f0F7cAaaF4d08c3C1d919b6Ee0E8DE11D40f67
Please double-check the address to avoid losing your assets.
Step 3: Input desired amount to convert
Once you’re done setting the correct SFUEL Deployer address, enter the exact amount of bSRK that you want to convert.
In my case, I am going to send 5,000 worth bSRK. Click Next.
Step 4: Confirm the transaction
Now that you’re all set to send your tokens, just make sure that you have enough BNB for the gas fees to proceed with the transaction. You’ll see how much this transaction will cost you.
Click the Confirm button, then after a few seconds, there’s a pop-up message on your screen showing the confirmation of the successful transaction. Click it to view the details on the BscScan.
After some time of waiting, the 5,000 SRKb tokens are now in my wallet. Another important thing to take note of:
Make sure that you’ve already added the SRKb contract address 0xc3440c10c4f36f354eb591b19fafb4906d449b75 as a custom token in your Binance Smart Chain network if you’re using MetaMask Wallet. Just in case you haven’t set up your BSC Network yet, you need to add it as Custom RPC.
Learn how to point your MetaMask Wallet to Binance Smart Chain
When adding SRKb token as “ Custom Token” in BSC Network in MetaMask Wallet:
- Just click the Add Token button on the bottom part of the list.
- Enter the SRKb details. Search the token details on BscScan Explorer to get the correct details.
For those who are using Trust Wallet, BSC is already supported so you just simply switch and enable Smart Chain Network when adding BEP-20 tokens like SRKb.
- Access the Search Token button in the upper-right corner.
2. Scroll down to the bottom of the list and because SRKb is a new token, you will click the Add Custom Token button
3. Enable Smart Chain Network option then fill up token details.
4. Click DONE when you’re finished with the setup.
Lastly, you need to know that this conversion is being done manually. Therefore receiving the SRKb tokens might take some time. But rest assured that you will receive your tokens as long as you have entered the correct SFUEL Deployer Address.
Conclusion
Now that you have your SRKb tokens, you can maximize them by participating in liquidity staking or pool-based staking to earn rewards.
For those who would like to participate in the SRKb liquidity staking or pool-based staking but holds SRK ERC-20 token, you need to bridge your SRK ERC-20 token first to SRKb through our SparkBridge.
Learn how to convert your SRK (ERC-20)to SRKb (BEP-20) token using SparkBridge.
Learn more about SparkPoint and SparkDeFi from the following links:
SparkPoint Website: https://sparkpoint.io/
SparkDeFi Website: https://srk.finance/
Trade SRK: https://srk.sh/trade
Trade SFUEL: https://srk.sh/tradesfuel
SRK-ETH on Uniswap: https://srk.sh/uniswap
Telegram Announcements (SparkPoint): https://t.me/sparkpoint
Telegram Announcements (SparkDeFi): https://t.me/SparkDeFiOfficial
SparkPoint Community on Telegram: https://t.me/SparkPointOfficial
SparkDeFi Community on Telegram: https://t.me/SparkDefi
SparkPoint Twitter: https://twitter.com/sparkpointio
SparkPoint Facebook: https://facebook.com/sparkpointio
SparkPoint Instagram: https://instagram.com/sparkpointio
SparkDeFi Twitter: https://twitter.com/SparkDeFi
SparkDeFi Facebook: https://www.facebook.com/SparkDeFi
SparkDeFi Instagram: https://www.instagram.com/sparkdefi/
LinkedIn: https://www.linkedin.com/company/sparkpointio
GitHub: https://github.com/sparkpointio
SRK on CMC: https://coinmarketcap.com/currencies/sparkpoint/
SFUEL on CMC: https://coinmarketcap.com/currencies/sparkpoint-fuel/
