RE: I pooled my DEC on cubfinance!! And a full guide on how you can do it.
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Wow. There seem to be a lot of small fees involved in this process. 😂
First I have to work out how to buy some BNB or maybe someone is interested in swapping some for some DEC. That might be worth investigating . . .
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I think the perfect place would be the splinterlands discord channels. Pretty sure you can land a deal to trade dec for bnb!
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Yeah. I was thinking that. Would like to understand the pros and cons of being in the pool a bit more before I go ahead.
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That would be the smartest thing to do. You wouldn't want to go in blind like myself when I first pooled a tiny amount into busd-usdt pool in another platform to only later calculate and realize I just locked my funds (or will have to pay to unlock) and was making way too less in comparison to just holding or not pooling at all.
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Oops! 😊
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If I were still at my computer this weekend I would hook you up hope you find a method
Thanks Jarvie. That's a kind thought. I feel I need to understand the whole process better anyway before I take the plunge so won't be doing anything in a hurry.
!ENGAGE 20
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ENGAGEtokens.I downloaded the TRUST wallet to my mobile phone and purchased BNB (BEP-20) with my debit card. I don't have a Binance account and have found it is difficult for US citizens to get one. This has been my experience.
Not Binance's fault but the difficulty lies in the Security and Exchange Commission's (SEC) requirement for Know Your Customer (KYC) information to be collected by crypto trading exchanges.
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Thanks for the info. I'm in the UK so Binance isn't a problem. Just not sure I have the time and energy to learn to use something new right now.
!ENGAGE 20
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I had a go just now gillian! Ive no idea what real worth it will be as I only threw in a few thousand DEC but I wanted to check it out and learn the process. Everything seems convoluted in this crazy crypto world...
Its been fun getting matched with you in splinterlands every now and then! You usually beat me, but its far nicer to be beaten by someone I know than some faceless bot
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Nice to hear from you Basil and good for you for having a go. I'm still reading the posts about it. I don't have any BUSB so will have to get some of that first. It's all so bloody complicated, or convoluted as you say. 😊
!ENGAGE 30
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you dont need much BUSB I dont think.... I seem to be getting by on very little. Not quite sure of the ins and outs, but if youre only putting yours coins in the Den then you only need a tiny bit for paying the fees. If you feel a bit more ambitious and you want to do the farming, you have to buy an equal amount of BNB or BUSB to your coin so that theres equal liquidity in the pool. Ive tested that out in a small way with the DEC farm but Im thinking of investing a little bit more to put some Eth in a farm as well. Its keeping me entertained at the moment thats for sure!
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I'm confused.
I thought that is what your post was referring to. There isn't a DEC DEN is there? So the only way to use my DEC is to buy some BNB to add th equal liquidity. That's what I don't have.
I don't have a Binance account either and not sure I want to sign up with yet another exchange. I had hoped that someone in the Splinterlands discord might interested in a trade but so far there've been no takers.
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ENGAGEtokens.