Filecoin (FIL): Storing humanity's information on PancakeSwap

By PVM | Mind Puzzle | 6 Jan 2021


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.

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From Binance the Filecoin was sent as BEP (BSC) to reach the Binance Smart Chain Metamask.

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The token must be added manually as a custom token by copy/pasting the token contract address from BscScan.15360cdb4604a59f847da29a915fabcd46142e857a7e453c8cf48d080ff89853.png

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.0be83d47d19983f19d1474c775039396973787752f418ba737913a4ea6fc3fa7.png

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.93a12ae7a752cde33a5e5ab78812df241b5e8bb386e7476f29dac38bc78af820.png

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.a76bc6c9a26f49a9d0b9384a425b3bc895477af90c728edcb1eb8f6eab2693a0.png

 

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Mind Puzzle
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