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$SIS Makes a Breakthrough: Launching Token on BNB Chain
By
BSC News
March 2, 2023
Leveraging BNB Chain’s speed and cost-effectiveness, the $SIS token will now be accessible for users on BNB Chain.
We are thrilled to announce that the SIS token will now be accessible on the BNB chain, marking yet another significant achievement for the token and our project’s advancement.
What is $SIS?
The SIS token is designed as a governance token of the Symbiosis ecosystem. The SIS token is used for staking to run a node in the relayers’ network and as a reward for our users.
Until now, $SIS has been deployed only on Ethereum and has been used for:
veSIS mechanism
Token rewards for stable farm
LP Farm on BNB DEX
DAO voting
All these use cases will be available on BNB as well. This step with adding BNB chain is a logical continuation of our strategy and vision of a multi-chain world. We are proudly moving forward and planning some more cool updates.
Why BNB?
We have already been connected with Binance as we received a strategic investment from Binance Labs last year and started the development within the Binance ecosystem.
BNB chain and the whole ecosystem is home to the most innovative and respected dApps in the world. We wanted to join this impressive wide community and initiated a number of activations with Trust Wallet, SafePal, Coin98, and iMe. It seemed logical and reasonable to plan the migration of the $SIS token as we’ve already been working with projects on BNB.
Another point for adding to the BNB chain was that Symbiosis v2 uses Boba BNB L2 as a serving (S-chain) network. This collaboration allowed us to stay flexible from a security standpoint and in terms of adding a variety of blockchain networks based on the users’/partners’ demand.
Apart from this background, we were pleased by the transition conditions – BNB chain is actively working to make the adding as smooth as possible, although it might be rather challenging. Last but not least, BNB is much cheaper and faster than Ethereum.
We’ve chosen PancakeSwap as the first DEX and created an LP there.
You can swap SIS there.
Learn about Symbiosis via the following links:
Website | Twitter | Discord | Docs |
Disclaimer: Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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BSC News
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