In this post we are going to see how you can buy Binamon without paying high commissions. Currently, it is not listed on any exchange, but you can get it through the DEFI pancakeswap exchange. If you don’t know how, let’s see it here.
If you want to know more about this cryptocurrency, below we are going to see what Binamon is so you can learn more about this cryptocurrency before you buy it.
Where to buy Binamon
To buy Binamon, we are going to use Binance and Metamask wallet, for me it is the best option, but you can also use other wallets if you don’t use Metamask. Binance is going to be used to buy BNB and USDT or the cryptocurrency you want, to exchange it for the Binamon token. Below you can watch a step by step video to get rid of any doubts.
If you already have Binance Coin in your metamask wallet to pay for commissions, less than a dollar, you are simply going to have to go to pancakeswap, and copy the Binamon contract in order to find the token. You can find this on Coingecko by searching for Binamon or you can copy the Binance network contract just below:
With this contract, you will be able to find the token, in from to exchange it for the cryptocurrency you want in Pancakeswap. You can also add the token in metamask and be able to see the amount you have once purchased.
It is currently listed on the exchange gate.io, which you can create your account below and buy without using pancakeswap in a simpler way.
Step by step
Let’s take a closer look at how you can buy Binamon. The first thing to do is to login to Binance, if you don’t have an account you can create one here. With your account, you must make a deposit to have funds to be able to buy BNB. You can deposit funds with your credit card, to have the balance directly and without having to wait.
With your first deposit, whether it is euros, dollars or another currency, you must go to markets, and look for your currency with respect to Binance coin (BNB). In my case, EUR/BNB. Here go to the red sell button, and exchange your currency, in my case euros, for BNB. We use BNB because the commissions on the Binance network are paid with this cryptocurrency, as happens with the Ethereum network with ETH. You can also buy USDT (Tether), but you must have a small amount of BNB in your metamask wallet to pay for commissions, less than $1. 10-15$ of BNB is enough.
Once you have BNB, you must click on the cryptocurrency, and click on withdraw. Go to your metamask, and click on the address, you will see that an address is copied when you click on it. You must enter this address in Binance to withdraw your BNB from Binance to Metmask. It is very important to enter the BEP20 network, and the amount you want to withdraw. The commission is 0,80$. Confirm that everything is correct and confirm the transaction.
Open your metamask wallet, and if you have the Binance network configured, the amount of BNB you have transferred should appear in a few minutes. If you don’t have the Binance network configured, I recommend you to look up how to configure the Binance smart chain network in Metamask, in order to use it, without it, you won’t be able to buy Binamon.
With this done, we must go to pancakeswap. Here in from, we indicate BNB and to, the Binamon token. If you look for it, you will not find it. In order to use it, you must copy the address of the contract and paste it. You can search for it in coingecko to see it, or you can copy it just below:
With this, the Binamon token should appear in order to be able to exchange.
Before clicking on swap, you are going to have to go to the settings wheel, Slippage tolerance and set 12%. This is because this cryptocurrency charges a 10% commission, 5% is burned and 5% goes to people who have Binamon. So if you buy Binamon, you are going to see the amount you have increase just by having it in metamask.
With the 12% marked, just click on swap, and confirm in your metamask the transaction. Now, you can go to your metamask, and add the token with the contract that you can find in coingecko or just above Binamon to see the amount of cryptocurrencies reflected in your wallet. With this, you will be able to have Binamon and accumulate this cryptocurrency without doing anything. If you don’t have an account with binance, you can create one just below.
What is Binamon?
Binamon is a complete metaverse of digital monsters that live on the Binance
living on the Binance Smart Chain (BSC).
Binamon will be the first ecosystem to integrate the best features of the gaming world and digital collectibles, making Binamon the first digital monster metaverse of its kind.
Through a smart contract called Booster, NFTs (BEP721) will be minted, using the $BMON token (BEP-20).
The strength and powers of the NFTs are created randomly following probability calculations.
The smart contract then mints 3 different Binamons with unique characteristics and powers.
Wallet: In addition to saving and displaying collections, users will be able to buy and sell their Binamons through the mobile app.
P2P Exchange: You can easily exchange Binamons with other members of the community through the mobile app.
Monitor: You will also be able to perform operations such as checking your balance and betting rewards.
Battle to win: With the battle mode users will be able to battle each other by betting $BMON tokens. The winner of winner will get the prize.
Burning mechanism: A small % will be burned. Battles will be matched between Binamons of the same class. The combat will be resolved by smart contract.
Good incentives: The more powerful Binamon will have more chance to win, but the weaker one will get a bigger reward.
Powered by $BMON: The Binamon game is a multiplayer adventure game, whose economy will be powered by the $BMON token from the Binamon economy.
In-game assets: Players will be able to create assets and sell them on the market. Assets will have the ability to enhance the power of Binamons.
Trading Zones: There will be trading zones for players and content creators to buy and sell assets.
Technology: The technology chosen is Unreal Engine.