The Binance Smart Chain (BSC) is a blockchain network that was launched in September 2020 by Binance, one of the largest cryptocurrency exchanges in the world. BSC is designed to be a high-performance blockchain that is compatible with the Ethereum Virtual Machine (EVM), which means that developers can easily port their Ethereum-based applications to BSC. One of the key features of BSC is its support for BEP20 tokens, which are tokens that are built on the Binance Smart Chain and are compatible with the ERC20 standard.
In this blog post, we will take a look at the top 10 Binance Smart Chain BEP20 tokens and provide a guide on how to buy store them.
Binance Coin (BNB)
Binance Coin (BNB) is the native token of the Binance Smart Chain and is used to pay for transaction fees on the network. BNB has a total supply of 170 million tokens, and Binance has committed to burning a portion of the tokens every quarter until only 100 million tokens remain. BNB has a wide range of use cases, including trading fees, staking, and participation in token sales on the Binance Launchpad.
PancakeSwap (CAKE)
PancakeSwap (CAKE) is a decentralized exchange (DEX) that is built on the Binance Smart Chain. CAKE is used to pay for transaction fees on the PancakeSwap platform, and users can also stake their CAKE tokens to earn rewards. PancakeSwap has become one of the most popular DEXs on BSC, with a daily trading volume of over $1 billion.
Venus (XVS)
Venus (XVS) is a decentralized lending and borrowing platform that is built on the Binance Smart Chain. XVS is used to pay for transaction fees on the Venus platform, and users can also stake their XVS tokens to earn rewards. Venus allows users to borrow and lend a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin.
Auto (AUTO)
Auto (AUTO) is the native token of the Autofarm platform, which is a yield farming aggregator that is built on the Binance Smart Chain. AUTO is used to pay for transaction fees on the Autofarm platform, and users can also stake their AUTO tokens to earn rewards. Autofarm allows users to earn yield by automatically farming the highest-yielding pools on various DEXs.
Beefy.Finance (BIFI)
Beefy.Finance (BIFI) is a yield farming optimizer that is built on the Binance Smart Chain. BIFI is used to pay for transaction fees on the Beefy.Finance platform, and users can also stake their BIFI tokens to earn rewards. Beefy.Finance allows users to earn yield by automatically farming the highest-yielding pools on various DEXs.
BakeryToken (BAKE)
BakeryToken (BAKE) is the native token of the BakerySwap platform, which is a decentralized exchange that is built on the Binance Smart Chain. BAKE is used to pay for transaction fees on the BakerySwap platform, and users can also stake their BAKE tokens to earn rewards. BakerySwap has become one of the most popular DEXs on BSC, with a daily trading volume of over $500 million.
Spartan Protocol (SPARTA)
Spartan Protocol (SPARTA) is a decentralized liquidity platform that is built on the Binance Smart Chain. SPARTA is used to pay for transaction fees on the Spartan Protocol platform, and users can also stake their SPARTA tokens to earn rewards. Spartan Protocol allows users to provide liquidity to various pools and earn yield in return.
DODO (DODO)
DODO (DODO) is a decentralized exchange that is built on both the Ethereum and Binance Smart Chain networks. DODO is used to pay for transaction fees on the DODO platform, and users can also stake their DODO tokens to earn rewards. DODO allows users to trade a wide range of cryptocurrencies and also provides liquidity provision services.
Cream Finance (CREAM)
Cream Finance (CREAM) is a decentralized lending and borrowing platform that is built on both the Ethereum and Binance Smart Chain networks. CREAM is used to pay for transaction fees on the Cream Finance platform, and users can also stake their CREAM tokens to earn rewards. Cream Finance allows users to borrow and lend a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin.
Spartan Protocol (SPARTA)
Spartan Protocol (SPARTA) is a decentralized liquidity platform that is built on the Binance Smart Chain. SPARTA is used to pay for transaction fees on the Spartan Protocol platform, and users can also stake their SPARTA tokens to earn rewards. Spartan Protocol allows users to provide liquidity to various pools and earn yield in return.
How to Buy and Store BEP20 Tokens
To buy BEP20 tokens, you will need to have a Binance Smart Chain-compatible wallet, such as MetaMask or Trust Wallet. Once you have set up your wallet, you can buy BEP20 tokens on various decentralized exchanges, such as PancakeSwap or BakerySwap. To store your BEP20 tokens, you can keep them in your Binance Smart Chain-compatible wallet.
Final Thoughts
The Binance Smart Chain has become a popular blockchain network for developers and users alike, thanks to its high performance and support for BEP20 tokens. The top 10 BEP20 tokens that we have discussed in this blog post are just a few examples of the many exciting projects that are being built on BSC. As always, it is important to do your own research before investing in any cryptocurrency or token, and to only invest what you can afford to lose.
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