IT'S TIME : The most efficient ways to move BBS around!
Feb 23, 2022 1:50 PM
1) The most basic and simplest way to transfer it is,doing it onto the ETH mainnet.
Advantages:
- Simple as punching in the Eth address and seeing the tokens into meta mask account
- We can stake it here on the site using metamask
- Using chain port BBS tokens can be bridged from ETH to Binance smart chain considerably reducing further gas fees.
Disadvantages:
- Transferring from BBS.market site to Metamask will not require any ETH into yr metamask account. However once u have the tokens into yr metamask account, every moment thereafter will require u to hold some ETH.
- Small transaction are out of question in this way.
- Buying ETH from exchange and transferring to metamask is not possible for lots of user
2) Transferring tokens over EOS chain
Advantages:
- Cheapest once u create an EOS account by paying 0.5 EOS fees
- Fast and perfect for small but multiple transactions
Disadvantages:
- EOS chain do not have any good way to Bridge the EOS tokens to Binance smart chain or anyother cheap chains.
- Staking does not works on EOS chain
- Nothing can be done other than just holding it there
3) Transferring to coinbase
Advantages:
- Very easy and cheap
Disadvantage:
- It will convert your BBS tokens to EOS (Which most of us don't want to do)
- Tokens have to be kept on a centralized exchange
In my opinion the best solution here would be if BBS site allowed us to withdraw our BBS tokens directly on Binance smart chain into our metamasks!
Once on smart chain, We have lots of bridges, Dexs (eg: Chainport) where we can do the swaps, etc
(On the flip side almost nothing is possible on EOS other than keeping it stored there )
Will it ever happen in future?@eyal
Also i'm trying to figure out an efficient way for doing it. Pls comment down below if u found an awesome one❤️❤️😊
I will update this post with the best way it can be done, as it will help everyone here.
Also, Check this link, its a post containing the 1st post of every BBS user.😊❤️
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