WardensShield Moves from Cronos to Binance Smart Chain
WardensShield, a blockchain-based gaming project, has announced its move from Cronos to the Binance Smart Chain (BSC). The decision was made based on several factors, including the size of the BSC ecosystem, market capitalization, and trading volume.
WardensShield aims to create a fair, decentralized, and transparent environment for gamers, streamers, esports professionals, and game developers. By moving to Binance Smart Chain, the project hopes to tap into a larger and more active community, which will help it achieve its goals faster.
One of the key reasons for the move is the size of the Binance Smart Chain ecosystem. Binance Smart Chain is currently the second-largest ecosystem running smart contracts, after Ethereum. The BSC ecosystem is growing at a rapid pace, with more projects choosing to build on it due to its low transaction fees, fast confirmation times, and high scalability. By moving to Binance Smart Chain, WardensShield will have access to a larger and more active user base, which will help it to expand and gain wider recognition.
Another important factor is market capitalization. At present, the market capitalization of Cronos is $2,062,788,875, while that of Binance Coin (BNB) is $50,003,006,736. The huge difference in market cap indicates that there is much more investor interest in Binance Smart Chain compared to Cronos. This is a positive sign for WardensShield, as a larger pool of investors will increase the project’s potential for success.
Additionally, the trading volume on Binance Smart Chain is much higher than on Cronos. While Cronos has a 24-hour trading volume of $23,116,540, Binance Smart Chain boasts a trading volume of $558,285,170 over the same period. This indicates that more people are actively trading on Binance Smart Chain, which is a good sign for a project like WardensShield.
Astralite: WardensShield’s New Token on Binance Smart Chain with Reduced Supply and Same Price
In conclusion, the move to Binance Smart Chain is a strategic decision for WardensShield. By joining the BSC ecosystem, the project will be able to tap into a larger and more active user base, which will help it to achieve its goals more quickly. The Binance Smart Chain’s low transaction fees, fast confirmation times, and high scalability make it an attractive ecosystem for blockchain-based gaming projects, and WardensShield is excited to be a part of it.
WardensShield’s new token on the Binance Smart Chain will be named Astralite, the same as its previous token on the Cronos chain. However, the supply of Astralite will be significantly reduced from 15 million tokens to 1.5 million tokens.
Investors who previously bought the Astralite token on Cronos will receive the new token via an airdrop, which will be sent automatically. The ratio will be 1:10, meaning that for every 1 Astralite token owned on Cronos, investors will receive 0.1 Astralite on the new Binance Smart Chain contract.
The price of the new token will remain the same as the old token, so investors will not lose any funds during the migration. This will ensure that existing investors can continue to hold and trade their tokens without experiencing any losses.
The decision to reduce the supply of Astralite was made to maintain its scarcity, which will help to ensure its long-term value. Furthermore, moving to Binance Smart Chain will increase liquidity and enable faster transactions for traders.
WardensShield is committed to creating a fair, transparent, and decentralized gaming environment, and the new Astralite token will play an essential role in achieving this vision. The reduction in supply and migration to Binance Smart Chain is a positive step forward for the project, and the team is excited to see how the community responds to the new token.