Binance Smart Chain (BSC) is a blockchain developed by Binance to develop an ecosystem of decentralized applications, NFTs and digital assets. Similar to Ethereum, developers can deploy native smart contracts onto BSC at significantly lower fees relative to Ethereum.
Cross Chain liquidity is the pillar of any decentralized ecosystem. The Signum ecosystem grows and becomes more decentralized by making Signum liquidity available to other networks. The integration with Binance Smart Chain is the first step in growing liquidity across multiple chains, while also preparing for the ability for other assets to live on the Signum network.
Asset wrapping is the process of taking an asset from one network and allowing it to live on another network. By using BTDEX smart contracts to swap SIGNA with WSIGNA(BEP20) a decentralized and unique exchange method was established. With this transparency, a network can then ‘mint’ a 1:1 representation of a token locked in Signum.
WSIGNA BEP20-tokens can be used to stake, yield, earn and participate in a growing number of applications taking advantage of Binance Smart Chains ecosystem of products and services. It can be easily exchanged with BNB on the Binance Smart Chain.
Beside that, anyone can send SIGNA to the swapping service on BTDEX to exchange his Signa for Binance WSIGNA. This bridge works both ways and is the primary portal for SIGNA holders to create wSIGNA for use in the Binance Chain ecosystem. Once the exchange is complete, the SIGNA BEP20 token will be visible in the Binance Wallet. From there, users can trade, swap, and interact with services as you would with any other BEP20 assets.
On BTDEX you will always be able to exchange back your WSIGNA for SIGNA at a 1:1 ratio. All SIGNA wrapped in WSIGNA stay locked in a BTDEX smart contract as buy back. Besides that, anyone can create their own offer to buy or sell WSIGNA/SIGNA on BTDEX.
Signum provides the exchange information listed herein for informational purposes only. Signum is not liable for any third-party transactions between cryptocurrency purchasers or sellers. Buyers and investors are to seek independent financial advice from a professional. Do your own research.