The Samecoin Protocol and how it makes the ecosystem functions

 The Samecoin protocol mainly employs Decentralized Finance (DeFi) functions to promote Samecoin and its cryptocurrencies. Usually, high-value cryptos are those that are frequently used. In a nutshell, here is the breakdown of the Samecoin protocol.

  • Mints Samecoin and its stablecoins
  • Rewards users for Staking and Minting with Samecoin
  • Governance is done through vSamecoin
  • Performs deflationary procedures by burning Samecoin.
  • Burns SameUSD (SUSD) and other Samecoin’s stablecoins within the ecosystem to maintain a stable reserve.

Making Samecoin function in the Binance Smart Chain

Binance Smart Chain (BSC) is a relatively new blockchain with a full-fledged environment for developing high-performance decentralized applications. It was built for cross-chain compatibility with the Binance Chain to ensure that users get the best of both worlds.

To interact with Binance Smart Chain (BSC) dApps from the Samecoin ecosystem, you’ll need a SamePay wallet since it is compatible with the Binance Smart Chain that supports the BEP-20 token standard. You are free to use any BEP-20 friendly wallet.

Because BSC is EVM-compatible, it supports a broader range of Ethereum tools and DApps. This makes it easy for developers, including Samecoin’s to port their projects over from Ethereum. The fact that Samecoin and its family of stablecoin are available on BSC, makes them cheaper and faster to use, owing to the properties of BSC.

Binance Smart Chain has several dApps such as Pancakeswap that further extend its utility. However, for Samecoin, the ecosystem offers unique features in the Binance Smart Chain that make it stand out

For more information 


WEBSITE: https://samecoin.com/
MEDIUM : https://medium.com/samecoin
TELEGRAM GROUP: https://t.me/Samecoin
FACEBOOK :https://www.facebook.com/SamecoinCom
INSTAGRAM: https://www.instagram.com/samecoinofficial/
TWITTER: https://twitter.com/SamecoinCom

AUTHOR:

Bitcointalk Username: duanle09
Bitcointalk Link : https://bitcointalk.org/index.php?action=profile;u=2754113
Telegram Username : @yeutinh1
wallet: 0xFaE025548b2961f36A9c90F000Ff66574580ef99


Nhận xét

Đăng nhận xét

Bài đăng phổ biến từ blog này

PolkaParty Is the Most Fun Entrance of Defi and Dao's

Hình ảnh
  Introduction Polkadot is quite possibly the most well known chain advances these days. This is a chain created by the fellow benefactor of Ethereum, whose objective is to make a web of interoperable blockchains for a decentralized web. Polkadot comprises of a multi-chain organization, which works and synergizes together to make a decentralized ecosystem that is solid and better than networks like Bitcoin, which work all alone. Presently, the spotted chain innovation has been received by a lot of crypto platforms all throughout the planet. Seeing the advancement of Polkadot, PolkaParty stepped up to the plate and present a platform that permits clients to access all highlights of DeFi simply by joining a solitary gathering. PolkaParty will grow the Polkadot ecosystem, with an easy to use informal community that will give different highlights that will engage clients in it. Clients can join parties, get rewards and have a great time here. Party with PolkaParty On the off chance tha...
Đọc thêm

What is ETNA Network?

Hình ảnh
In an effort to make life easier, man discovered the field of technology many years ago and went on to invent a means to store his assets, both financial and technical. number. Thus, the traditional banking system is designed to help store assets. But this system has many flaws that led to the creation of blockchain trading platform and feature in Futurov, why am I talking about this. Join me to learn about the uniqueness and uniqueness of the fairly new TV channel project and let’s feel these special interesting things through the article below. What is ETNA Network? ETNA Network is a one-stop shop for all things DeFi, NFTs, and Hybrid Gaming. Here users can find various features for their various needs, for example, if users want to get a loan, they can access the ETNA DeFi product, namely DeBank, or if they want to trade game assets or NFTs, they can access the NFT marketplace. Because as is known today most platforms in the crypto market only provide the AMM platform, and do not pr...
Đọc thêm

Wadapay- Payment Financial Revolution System

Hình ảnh
 The platform plans to give a whole lot to the community through the unique governance system and an approach that will be in favour of Wadaboo's and all the services it has to provide to the users will always be available and provided in full quality to all those participating in the system. Wadapay services will become widespread and will be easily integrated into other projects or any other ways they could be adopted in full scale. This platform is majorly for all the holders of Wapay, there is nothing that would be done without the involvement of this token because of the fact that it allows fast Integration and is capable of giving all the users directions. It is a fully decentralized project with decentralized solutions that renders appropriate protection for the system because that is part of the reason for its creation. What is Wadapay ? Wadapay is an innovative payment network for companies and entrepreneurs in the ecosystem that has a very unique platform dedicated ...
Đọc thêm