Spores Network Token ($SPO) is live on Binance Smart Chain
Community Update
Spores Network is announcing another exciting milestone, we are now integrated and live on the Binance Smart Chain. The integration will allow users to stake on BSC and also gives SPO token holders the option to move tokens from ETH to BSC and vice versa.
As part of our continuous effort to bring cross-chain functionalities to our protocol and platform, you can swap $SPO from Ethereum to Binance using our token bridge solution. You can also buy $SPO on BSC directly from the Pancake Swap pair.
We have burned 500m tokens from Ethereum and moved them into BSC so the total supply stays unchanged at 5bn Tokens: https://etherscan.io/token/0xcbE771323587EA16dACB6016e269D7F08A7ACC4E
Token Details
BSC Token Contract: 0x8357c604c5533fa0053BeAaA1494Da552ceA38f7
BSC Token Decimals: 18
🥞 Trade on PancakeSwap: https://spores.link/3lFDeyu
👀 Dextools: https://spores.link/3iX55IU
📈 Poocoin: https://spores.link/3BG4QsZ
☔️ SPO/BNB Liquidity: https://spores.link/3p1tvF0
We have also selected Ferrum Network as our cross-chain bridge solutions provider.
Spores will leverage Ferrum Network’s interface to facilitate fast and secure SPO token swaps between different blockchain platforms. This will provide the Spores community with a simple and cost-effective method to transfer SPO assets with confidence.
Cross-chain swaps on Ferrum Network incur a 1% transaction fee that 50% of which Spores Network will use as proceeds for its buyback and lock function. Spores aims to use these as rewards for staking and liquidity provision on its platform.
How to use the Spores token bridge?
Spores Network is now integrated and live on the Binance Smart Chain which allows users to stake on BSC. It also gives SPO token holders the option to move tokens from ETH to BSC and vice versa.
TRANSFER PAID TOKENS FROM ETH TO BSC
1. Go to https://bridge.spores.app/
2. Click on ‘Connect’ to connect your Metamask wallet (the bridge currently only works with MetaMask).
3. Your wallet will prompt you to connect your account. Please select the wallet on the network you would like to swap from. Eg. if you want to swap from ETH to BSC, select ETH Mainnet and vice versa.
4. Enter the amount of SPO you want to swap to BSC, and double-check the destination address
Click on ‘Approve’.
5. Your wallet will prompt you to confirm this transaction.
6. Click on ‘Swap’.
7. ‘Confirm swap’.
8. Confirm the transaction in your wallet.
9. Your swap is in process, this can take up to 3 minutes or longer depending on the network traffic at the time.
10. Click on ‘Switch Network’ in order to switch to BSC to withdraw your swap.
11. Click on ‘Retrieve Token Now’.
12. Click on ‘Withdraw Item’.
13. Your wallet will prompt you to confirm.
14. Click on ‘Add Token’ to add the SPO token to your BSC wallet.
15. Your wallet will prompt you to confirm.
16. Congratulations, you have successfully moved your SPO tokens to your BSC wallet.
About Ferrum Network
Ferrum Network is a Blockchain-as-a-Service DeFi company that specializes in token utility enhancement while offering advisory services to projects in the crypto space.
It has experience helping startups with its innovative blockchain solutions to get their products to market faster with robust security and cross-chain compatibility.
Last year, cyber-attacks resulted in the loss of digital assets worth over $150 million USD. Ferrum Network significantly mitigates this risk with its reliable bridge security.
Ferrum Network’s intuitive interface and ease of use allow it to rapidly deliver bridge solutions that accommodate high-speed/high-volume transactions.
About Spores
Spores Network founders believe that crypto will lead to decentralization of ownership and frictionless redistribution of capital. Their mission is to create an NFT ecosystem that is creator-centric, community-driven, frictionless, and borderless. To that end, Spores has built a cross-chain DeFi-powered NFT marketplace defining decentralized pop culture, sharing NFT content across gaming, esports, animation/anime, digital fine arts, music, and film/TV. Spores co-founders include Duc Luu (Nasdaq IPOed serial entrepreneur ), Eric Hung Nguyen (former senior investment analyst at a top-10-worldwide hedge fund), and a diverse team of advisors across blockchain and entertainment.
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