161
Learn how to Stake $ASTRO Token in AstroSwap to Earn 100% APY on Up Coming DEX on Cardano. As of shooting this video Astroswap dex will be launched little over 4 days. Swap and Lottery is coming after the Main DEX go live. However as of shooting this video staking of AstroSwap token is live. It pays 100% APY as of shooting this video. You can stake Astroswap directly from BINANCE Smart Chain. If you stake $Astro tokens before October 31st and do not claim rewards or unstake before AstroSwap mainnet launch, you will bet a 2x multiplier on your rewards, effectively doubling your APY to 200%. Astroswap with SwapZ will provide swapping between all Ethereum Virtual Machine (EVM) compatible chains- in other words any METAMASK supported blockchain.
Where to get Astro Tokens - Get from PancakeSwap
Astro tokens can be directly purchased from PancakeSwap. I will provide the contract address below. I recommend copy the contract address directly following looking up AstroSwap on Coinmarketcap. Click on Market. You can see Astroswap is traded on Gate.io and BKEX centralized exchanges with ASTRO/USDT pairs. Due to very high fees to withdraw from any centralized exchange, I highly discourrage you from buying ASTRO tokens on those centralized exchanges. I highly recommend you buy Astroswap directly from Decentralized exchange PancakeSwap. Click on ASTRO/WBNB DEXTools.io blue icon and follow the official link. Copy the Token address and Contract address. Paste it into PancakeSwap to use BNB or BUSD token to buy ASTRO tokens. In order to do this, you need to have Metamask wallet setup with Binance Smart Chain. Install Metamask chrome extension directly from Metamask.io. Click Chainlist.org to get the Binance Smart Chain settings. I will provide a Metamask wallet setup link below.
How to Stake AstroSwap Tokens
Go to AstroSwap.app. Click on Stake. Click on Connect Wallet on the top right. Click MetaMask. This will auto detect your Metamask wallet. Make sure you select Binance Smart Chain (BSC) as the network not the default Ethereum Network. In this example I am staking 989 ASTRO tokens. I have very little BNB 0.005 to pay for gas. You need to first pay BNB gas to get approved. I select my maxiumum 989 ASTRO tokens. I pay BNB gas to approve it. Then in Step 2 of 2, I confirm the staking transaction by paying another very little BNB as gas. After the Metamask confirms this second transcation, I can see 989 Astro tokens as staked.
How to Withdraw or Unstake AstroSwap Tokens
You have to wait 7 days from Staking date to Withdraw or Unstake Astro tokens. Just go to Withdraw token after 7 days or later. Connect your Metamask wallet. Click I have read the Terms and Conditions. Click Next and withdraw funds. After Metamask confirms the withdrawal, you can swap and sell your tokens for BUSD or BNB on PancakeSwap.
Risk and Rewards
I love the fact that ASTRO Swap was backed by Bluezilla incubators. It’s incubated by BlueZilla and powered by the WagyuSwap team. This project has lots room to grow even during this temporarily downturn in cryptocurrency. I bought ASTRO token at $0.20. I am down little bit. However, since I see this token will go up in value a popular Cardano based DEX just as popular like SundaeSwap, I expect this token to considerably appreciate over time- not just at this moment in downturn. Meanwhile I get my staking reward accumulated over next year or so. This is invest and not worry about it for few years investment. This is not investment advice but It works for me.
