List or Add your Own Token to DEX PancakeSwap(Part8)

 

What is BEP20 token?

  • BEP20 is an easy-to-develop token standard that allows anyone to deploy fungible digital coins or tokens on Binance Smart Chain.

  • In addition, major digital assets from other chains transition to the Binance Smart Chain in the form of linked BEP20 tokens.

Step 1: To add a token of a certain (particular) project to the DEX, you must.

  • Have in the BNB MM wallet account the BSC network's own token to add it to the pool and pay for the transaction gas, current account balance 1.5854 BNB.

  • Balance of the own token in the MM wallet (Topic 3 indicates how to add it to MM), current balance of 9,996,500 EUROedu token.

  • Next, connect the MM wallet to the DEX PancakeSwap (topic 5).

  • Click on Add Liquidity.

Step 2: In the PancakeSwap DEX:

  • Add 0.5 BNB and click Select a currency.

  • The currencies in the list appear.

  • In the indicated box type the Address Contract of the token itself:
    0x867f2dF10e7159CB754BF7F195DC311d9F857ABD

  • The EUROedu token appears, account balance MM = 9,996,000. Then click on Found by address (Add).

Step 3: We have the EUROedu token listed on the PancakeSwap DEX:

  • Add the amount of 10,000 EUROedu for 0.5 BNB. (You must first estimate what the valuation of your own token will be with respect to BNB).

  • Authorize the DEX to access the EUROedu token from the MM wallet and the transaction cost of 0.11 USD.

Step 4: In the MM wallet:

  • Click confirm permission request with all transaction data from the BSC blockchain.

  • The MM wallet sends the transaction confirmed message.

Step 5: The DEX indicates that:

  • First image the user is creating the BNB/EUROedu Liquidity Pool.

  • In the next image, the DEX waits for confirmation and MM indicates the gas rate of the transaction.

  • Click on confirm.

Step 6: The creator account receives the LP tokens:

  • The DEX Pancake indicates all the information of the Liquidity Pool BNB/EUROedu 70.71.

  • In the BSC testnet browser, the account has received 70.71 LP tokens (Cake LP), which proves the investment.

Step 7: List the LP tokens in the MM wallet:

  • Copy the address contract of the LP tokens from Cake.

  • Paste the Address contract in the MM wallet.

  • In the MM wallet are the 70.71 Cake LP tokens.

Step 8: Finally, we have the EUROedu token listed on the PancakeSwap DEX.

 
Carlos Sampson