Pancake BNB CHAIN
Acquiring XMT on the BNB Chain
Embarking on the journey to acquire XMT tokens on the BNB Chain is an exciting venture. The process is user-friendly and straightforward, beginning with a visit to the renowned PancakeSwap platform.
Official XMT Token Contract Address
BNB Chain: 0x582c12b30f85162fa393e5dbe2573f9f601f9d91
PancakeSwap Application
Access PancakeSwap here: https://pancakeswap.finance/
Connecting Your Wallet
The initial step is as simple as clicking the “connect wallet” button. Ensure your wallet is set to the BNB Smart Chain Network. If it’s not, a prompt will guide you to switch networks effortlessly.
Trading and Swapping
With your wallet connected, navigate to the ‘Trade’ option and then ‘Swap’ to access the token exchange interface. The default setup pairs BNB for gas fees and Pancake (Cake) for receiving tokens.
Swap Fees
Remember, the swap fee, or ‘gas,’ is dependent on network traffic but remains a small fraction of BNB. Keeping a reserve of BNB in your wallet is advisable for this purpose.
Selecting Tokens
For a secure transaction, manually enter the smart contract of the token you desire. This can be reliably found on the CoinMarketCap website.
Acquiring XMT Token
To acquire XMT tokens, adjust the tokens in the swap sections. Insert the $XMT contract, click ‘import,’ read the warnings, and confirm your understanding.
How to get XMT on BNB Chain
XMT Token 'Official Contract address:
- BNB Chain
0x582c12b30f85162fa393e5dbe2573f9f601f9d91
The PancakeSwap application can be found at the following link:
https://pancakeswap.finance/
First thing to do is connect the wallet through the "connect wallet" button.
Choose the wallet and set it on BNB Smart Chain Network.
In case the network set on the wallet is not BNB Smart Chain, a hint window will appear asking you to click on "Change Network". Click to proceed.\
Once connected, in the top menu on the left, select the voice Trade and
therefore Swap to bring up the window through which to proceed for the token exchange:
At the top is highlighted by default the official token of the network BNB Chain (the BNB) that will serve as gas to pay the swap while at the bottom is shown the official token of Pancake (Cake).
By default the swap set up is settled with BNB in the top section used to input the amount of asset you want to swap and Pancake (Cake) on the bottom section; in this section the user can see the amount token of the new asset selected will receive.
It is possible to swap any token with any other token, the only rule is that both must be on the BSC network.
The swap will have a price (gas) independent of the quantity of tokens exchanged which will vary depending on the time of the exchange (more or less intense traffic on the network). This price will have to be paid in BNB (usually a very small fraction) so it is good to have a minimum amount of BNB in the wallet.
By clicking on the arrow next to each of the tokens shown, is shown a list of tokens to choose from, but to avoid mistakes or scams we recommend to always enter the smart contract of the token desire in the window provided.
The safest way to find a smart contract is to search for it on the CoinMarketCap website, copy the contract and bring it back to PancakeSwap. For example, if the user wanted to trade BNB to get $XMT, we would do the following:
Search on Coinmarketcap for Metalswap's smart contract (XMT).
As Metalswap is native on the Ethereum network, search for its equivalent token on the BSC network. Press the More button, select the first option (Bep20) and then copy the contract.
Follow this steps to get XMT token:
In this section the user can change the tokens he need to swap. On the top, select the token desire to swap; on the bottom select the token wanted to receive.
To get XMT token, click on the bottom section:
Insert the $XMT contract in the box and click import
read the warnings and continue by clicking on "I understand" and import the token selected.
Click Import
Now the platform is ready to exchange any amount of BNB, or other token chosen, for the equivalent in XMT. Always remember to have some fraction of BNB to pay the swap fees.