CanWork.io is a digital services marketplace on Binance Chain .
CanYa coin ($CAN) holders can use the BEPSwap platform to trade and stake their $CAN tokens. This provides holders another avenue to buy & sell tokens to use on CanWork. It also provides an ability to earn fees on the BEPSwap platform through staking.
This guide will explain trading & staking on BepSwap.
*Warning* BEPSwap is still in BETA and appropriate risk mitigation should be taken.
This guide assumes you have already set up a BEP2 wallet. If you haven't done this then you can read our previous guide on how to do so here.
Connecting a Wallet
To use BEPSwap you will need to connect a wallet to the platform.
In this example we will be connecting our Trust Wallet to BEPSwap using ‘Wallet Connect’. If you do not have a BEP2 wallet for $CAN or a Trust Wallet follow the guides above.
On the BEPSwap home page click the ‘Add Wallet’ button in the top right corner.
This page will give you three options. As stated, we will be using ‘Wallet Connect’ via Trust Wallet.
In your Trust Wallet go to Settings > Wallet Connect and then scan the QR code on BEPSwap. You should now be able to access your BEP2 Trust Wallet on BEPSwap:
You should now see your wallet address in the top right corner of the screen. Clicking on this wallet will show your wallet’s BEP2 assets and a number of other features we will look at later. Once your wallet is connected you will be able to trade and pool assets on the platform.
Trading (swapping) on BEPSwap
As far as the user experience goes, trading on BEPSwap is very similar to trading on a regular exchange.
The user interface is quite intuitive. From the BEPSwap homepage scroll to the token you want to buy or sell and click ‘swap’.
We have scrolled down to $CAN and selected ‘swap’ on the right hand side:
The swap page is quite straightforward. The top token is the one in which you wish to sell (or swap from). The options will be what is in your connected wallet (in this case we have $BNB and $CAN available to swap).
We are going to swap 1 x $BNB for $CAN. BEPswap will automatically swap at the pool price and will show you this price prior to the swap as seen above
The ‘slip’ describes the price slip of the assets in the pool based on the amount of liquidity you are adding and the existing depth of the pool. In this case it is 0.11% equating to roughly 4c.
You can read more about this here: https://docs.thorchain.org/roles/swapping
The swap happens almost instantly at the pre-determined ratio. You will receive a notification on BEPSwap and Trust Wallet when your swapped assets appear in your wallet.
Note: On BEPSwap, there are many $CAN pairs not available on the Binance DEX including wrapped BTC, ETH, USD and others:
No attachment provided