We all love free crypto, and Coinbase Earn doesn't fail to deliver, sharing new coins and tokens almost on a monthly basis. In December was shared some Filecoin (FIL), a decentralized data storage marketplace, protocol, and cryptocurrency which was designed to store humanity's most important information. This sounds cool enough to make me keep them.
But shall I keep it as a lazy coin on Coinbase? No! This is not an option! Filecoin must flip pancakes ... Filecoin must store pancakes! Sent them from Coinbase to Binance and paid £0.04 transfer fee.
From Binance the Filecoin was sent as BEP (BSC) to reach the Binance Smart Chain Metamask.
The token must be added manually as a custom token by copy/pasting the token contract address from BscScan.
The "storing humanity's most important information" hooked me up so the FIL will be added as Liquidity, in a pairing with Binance Coin (BNB). By keeping the pairing as Liquidity, I will earn Filecoin (FIL) and Binance Coin (BNB), from the fees.
Having under 0.01% share of the pool is expected, as the value of my pair is low. I got used to need digits after the dot to see my share. The fee paid to allow PancakeSwap to spend my FIL was $0.65, still just a fraction of what ETH gas fees are at the moment.
All set for now, and the pairing can be left to do the job. Not sure how 0.002% of the pool will generate, but hopefully I will get the transaction fees back at one point. If not I still have to option to move it as a CAKE farm and recover the investment after farming 1 CAKE token.
DeFi bounty at CakeDeFi with $30 DFI for new users
(Trophy cabinet under construction)