In 2021, the Robonomics team entered into a partnership with Anyswap and developed the bridge of $XRT ERC-20 to BEP-20 launch. It allows starting XRT trading on PancakeSwap, the biggest DEX on BSC, on March 16th.
Robonomics is a decentralized open-source platform built on top of Polkadot & Ethereum for robotics and IoT. Being founded in 2015, the Robonomics Network has become a big part of the 4th industrial revolution. The principal goal of the project is to make cyber-physical systems autonomous economic agents.
The Robonomics Network’s XRT token empowers holders with certain benefits, such as:
- staking and liquidity providing on DEXs;
- ability to pay transaction fees within Robotics and IoT dApps built on Robonomics;
- governance which gives users the right to propose changes to the platform and vote for the best ones.
On March 16th, the Robonomics team added initial liquidity to XRT/BUSD pair and opened trading and staking on PancakeSwap for every BSC user. The listing on the №1 DEX on BSC followed by an increase of over 10% in XRT price, aссording CoinGecko. Trading on Uniswap and Huobi is still available.
Listing on PancakeSwap is another opportunity to get additional benefits for the XRT holders:
- the Robonomics DAO incentive program expansion – now, staking participants get the reward of 13 XRT for each 1% of the liquidity pool owned on the combined liquidity pool of PancakeSwap & Uniswap. Find more details here;
- trading XRT with significantly lower fees and higher speed thanks to Binance Smart Chain.
Binance Smart Chain is a solution for projects that are having problems with scalability and high transaction fees, providing a more scalable and cheaper solution. Please note that lower fees and higher scalability of BSC mean higher security risks in comparison with Ethereum.
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