Getting into the world of online currency can be daunting. Whether you’re looking to make new investments or keeping up to date of the current stock market, crypto trading is the way forward.
With massive increase and decreases in value, eclipse crypto could be your goldmine!
Not sure what eclipse crypto is exactly or how to buy it? This guide has got you covered.
We cover what the new online currency actually is, where and how to buy it and where it might take your investments. Keep reading to find out more!
- What Is Eclipse Crypto?
- How To Use Eclipse Crypto?
- How Does Eclipse Work?
- How To Buy Eclipse Crypto?
- Final Thoughts
What Is Eclipse Crypto?
On the Binance Smart Chain, the utility token Eclipse was created. The first platform established by Eclipse to leverage the token for feature purchases is Eclipse Charts, a platform for BSC token charting.
Every transaction is taxed with a 6 percent fee by Eclipse, and 3 percent of that fee is distributed to all token holders at the time.
The remaining 3 percent is split in half again, with half being sold into BNB by the contract, and the other half being automatically paired with the aforementioned BNB and added to PancakeSwap as a liquidity pair.
Pancake Swap is a decentralized exchange site for the BNB Chain. This allows investors to swap coins directly without the interference of a middleman.
Eclipse crypto has been listed on several cryptocurrency exchanges, however unlike other major cryptocurrencies, it cannot be bought with fiat money straight away.
You can still purchase ECP, though, by first purchasing Bitcoin on any fiat-to-crypto exchange, and then transferring your funds to the exchange that deals in this coin.
How To Use Eclipse Crypto?
Eclipse is BSC’s latest project utility token (or ECP). The company behind the idea claims that users can use the token to pay for new Eclipse platform features and services like project boosting and advertising. The concept is, nevertheless, somewhat new.
You can use the tokens to gain CryptoMoonShot which is a ranking platform for new BSC tokens.
The token was created to allow users to vote on the projects to show support which can only be done when customers have purchased tokens.
This allows BSC to reduce spam, avoid bots and stop vote manipulation on the CryptoMoonShot platform.
The website also offers a number of features and project details, including the amount of developer wallets, audits, and the length of the liquidity pool lockup period.
You can use your Eclipse tokens to boost your ranking on the Eclipse Charts which was the first project within the Eclipse Crypto Chain.
How Does Eclipse Work?
With a structure of three functions: Reflection, LP acquisition, and Burn, the Eclipse team is looking to create a platform similar to SafeMoon by reducing dumps and offering a more sufficient reward scheme for token holders.
Eclipses requires token holders to have a smart contract on BSC to help drive its utility platforms.
Essentially Eclipse takes the running of smart contracts, PancakeSwap and the burn process to decrease supply, increase rarity and ultimately increase the price of tokens.
Coin burning is the removal of tokens or coins from circulation by digital currency miners and developers.
Coin burning causes inflation rates to slow down and reduces the overall amount of circulating coins.
Intriguingly, coin burning aims to achieve what share buyback accomplishes, i.e., by lowering the supply of tokens, developers and miners want to increase the rarity and value of the tokens that are still in use.
How To Buy Eclipse Crypto?
Interested by not sure how to get started in buying Eclipse tokens? Keep reading!
1.Download A Binance Wallet
With several wallets to select from within the BNB Chain network, Binance Wallet appears to be the most popular. Simply download the Binance Wallet app or chrome extension if you are on a desktop and create an account.
2.Buy BNB Chain As Your Base currency
Now that your wallet is set up you can log in to your account and go to the Buy & Sell crypto webpage to purchase the BNB Chain. If you are not an existing user you may need to create an account to begin purchasing.
3.Send BNB Chain From Binance To Your Crypto Wallet.
Go to your Binance wallet section and search for the BNB Chain you bought after purchasing it.
Click on “withdraw” and provide the necessary data. Set the network to BNB Chain, enter your wallet address, then enter the desired transfer amount.
Wait for your BNB Chain to show up in your Binance Wallet after clicking the withdraw button.
4.Choose A Decentralized Exchange (DEX)
There are a few DEX to choose from, you want to select PancakeSwap. This is the platform in conjunction with BSC and Eclipse tokens.
5.Connect Your Wallet
Connect your Binance Wallet to PancakeSwap to begin converting.
6.Trade BNB Chain with Eclipse
Select the BNB Chain in your Binance Wallet as the payment and select the Eclipse as the coin you wish to purchase.
You may have to find the smart contract address of the Eclipse token. You can refer to https://bscscan.com/ to find the correct smart contract address.
Pancake Swap can then be used to copy and paste the address. Be on the lookout for frauds and confirm that you have the correct contract address.
You have now completed all the above steps. Click the Swap button to complete your first swap!
You have successfully acquired your first Eclipse crypto!
As the currency of online currencies continues to fluctuate, finding the right time to invest can be difficult.
The best time to invest is when the companies are performing their Burn process, however, this might mean investing more than initially expected.
Acquiring Eclipse has never been easier. With the involvement of DEX platform PancakeSwap you can change the currency of your crypto to whatever you desire without the hassle of a middle man.
Invest in Eclipse crypto to gain insight into the company, boost your ranking on the Eclipse Charts and be a part of the cryptocurrency market!
Paul Martinez is the founder of BendingDestiny.com. He is an expert in the areas of finance, real estate, and eCommerce.
Join him on BendingDestiny.com to learn how to improve your financial life and excel in these areas. Before starting this blog, Paul built from scratch and managed two multi-million dollar companies. One in the real estate sector and one in the eCommerce sector.