Bible Pay

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  • Dynaxius
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    • July 28, 2018, 04:52:41 PM
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Re: Enter BiblePay into Binance Smart Chain for DeFi Yield Farming
« Reply #15 on: May 25, 2021, 11:45:48 AM »
Greetings, all.

Update: BiblePay is still in the project delivery pipeline for wrapped tokenization on Binance Smart Chain (BSC). ETA for release is early June. Extended utilization for the token will be established very quickly for current hodlers (can't say any more than this on that for now), so please remain patient and continue getting acclimated to maneuvering BSC and compatible wallets while our wait comes to an end.

Given the recent volatility that has occurred for so many top coins/tokens, it will prove greatly to our advantage that this new use case for BBP was not released earlier than now.

(Remember: The BEP20 version of Binance Coin (BNB) is the driving token of Binance Smart Chain, the way ETH is the driving token for ERC20. You will need BNB for BEP20 transactions the same way you need ETH for ERC20 transactions. Our wrapped token will be a BEP20 token.)

Trusting His timing as always, and looking forward to sharing the next update.

Dynaxius


  • Rob Andrews
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    • June 05, 2017, 08:09:04 PM
    • Patmos, Island Of
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Re: Enter BiblePay into Binance Smart Chain for DeFi Yield Farming
« Reply #16 on: May 25, 2021, 03:18:31 PM »
Greetings, all.

Update: BiblePay is still in the project delivery pipeline for wrapped tokenization on Binance Smart Chain (BSC). ETA for release is early June. Extended utilization for the token will be established very quickly for current hodlers (can't say any more than this on that for now), so please remain patient and continue getting acclimated to maneuvering BSC and compatible wallets while our wait comes to an end.

Given the recent volatility that has occurred for so many top coins/tokens, it will prove greatly to our advantage that this new use case for BBP was not released earlier than now.

(Remember: The BEP20 version of Binance Coin (BNB) is the driving token of Binance Smart Chain, the way ETH is the driving token for ERC20. You will need BNB for BEP20 transactions the same way you need ETH for ERC20 transactions. Our wrapped token will be a BEP20 token.)

Trusting His timing as always, and looking forward to sharing the next update.

Dynaxius

This is great news!  Thank you for this excellent update.

God is definitely opening doors for us.  We spoke of an amazing (imho) idea this weekend regarding Trust Wallet integration also.  I look forward to sharing that idea with everyone very soon!



  • Dynaxius
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    • July 28, 2018, 04:52:41 PM
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Re: Enter BiblePay into Binance Smart Chain for DeFi Yield Farming
« Reply #17 on: May 30, 2021, 11:26:07 AM »
Greetings, all. The time has come.

I am pleased to announce that you are now able to wrap BiblePay on Binance Smart Chain. This will empower BiblePay holders to participate in DeFi activity on any BSC Platform where services such as liquidity pools and Yield Farming are available.

You may now begin using the site below to exchange your native BiblePay token for Wrapped BiblePay (wBBP):

Swap native BiblePay (BBP) for Wrapped BiblePay (wBBP) at https://wrapping.services/get/bbp/

This system can also be used to unwrap your BiblePay and return it to native tokens to allow for the continued benefit of features already available within our BiblePay ecosystem. Note that the wrapping system features an advanced option that allows you to receive email confirmation of your conversions.

(Please allow 10-15 minutes for conversion from native BiblePay to Wrapped BiblePay. )

When working with Wrapped BiblePay, make sure that your wallet is configured for the Binance Smart Chain Network.

We have the team at https://wrapping.services to thank for this, and because of this I would also like to announce that this same team will be providing our BiblePay community exclusive opportunities to add value to Wrapped BiblePay in June on the BSC DeFi Platform YieldFields, which can be found at:

https://yieldfields.finance

This platform will be a great first place to begin creating your liquidity pools and trading wBBP and other tokens for BNB, Cake, USDT, BUSD, DOGE, and the like.

To create a liquidity pool (LP), you need two different BSC BEP20 Tokens. For example, say you have Wrapped BiblePay and Wrapped MonetaryUnit. By pairing those coins together at equivalent values with one another and locking them into a platform's exchange, you add to the pool of tokens available for purchase on the platform.

When viewing your wallet address on the BSC explorer ( https://bscscan.com ), you will see platform-level LP tokens that remain in your wallet until you remove your token pair from out of the LP lock.

By participating in the farms and pools at YieldFields, you will be rewarded by earning their FIELD token, which at the time of this writing is valued at $0.04.

To add Wrapped BiblePay as a token in your Binance Smart Chain wallet, use the contract information below:

Token Name: Wrapped BiblePay

Token Contract: 0xcb1eec8630c5176611f72799853c3b7dbe4b8953

Decimals: 18

Transactions Explorer: https://bscscan.com/token/0xcb1eec8630c5176611f72799853c3b7dbe4b8953

(And another reminder: BEP20 BNB is used to pay for transactions on Binance Smart Chain, so make sure you have some handy or get more at YieldFields once you begin working with Wrapped BiblePay. Enjoy!)


  • Rob Andrews
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Re: Enter BiblePay into Binance Smart Chain for DeFi Yield Farming
« Reply #18 on: May 31, 2021, 05:33:42 PM »
Good news!

I will paste this as an infohint on the main forum now, and then I will come back and test it asap (its unusually busy right now).

Thanks for the good news!


  • MIP
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    • February 13, 2018, 11:55:52 AM
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Re: Enter BiblePay into Binance Smart Chain for DeFi Yield Farming
« Reply #19 on: June 05, 2021, 04:16:47 PM »
This is really exciting news, letís hope this brings more attention and use cases!


  • Rob Andrews
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Re: Enter BiblePay into Binance Smart Chain for DeFi Yield Farming
« Reply #20 on: June 07, 2021, 08:44:36 AM »
I'm going to try to test this today, exciting!



  • Rob Andrews
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Re: Enter BiblePay into Binance Smart Chain for DeFi Yield Farming
« Reply #21 on: June 07, 2021, 04:29:27 PM »
Alright everyone, I tried Wrapped BiblePay today and it was a success!

This is pretty sweet.

So I wrote this guide that might help you out if you want to try it:

https://wiki.biblepay.org/Binance_Smart_Chain_Wrapped_BiblePay

Basically what we have now is:
- Wrapped BiblePay, a BEP20 presence on the Binance Smart Chain
- A DEFI offering that is Live (similar to CAKE) over at YieldField (https://yieldfields.finance/)
(On a side note, I like the fact that YieldField is a very low priced asset, this gives our users a lot of leverage and hope for it to grow into double digits later).
- A highly liquid contract to enter and exit from (FIELD)

Excellent, it should help us gain more users as it gives us another real use case for BBP.

Dynaxius, could you please let me know if I made any errors or if I should add anything.