FAQ: FORSAGE BUSD expansion on Binance Smart Chain (BSC)
What is Binance Smart Chain?
It is a blockchain implemented in Binance ecosystem. BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). Because BSC is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. This makes it easy for developers to port their projects over from Ethereum. More information in Binance article.
Why FORSAGE is expanding to BUSD stable coin on BSC?
- Binance eco-system authority and consistent positive dynamics in smart-contracts development within BSC network.
- Stability under heavy loads, fast transaction timing, minimum network fees in BSC.
- Fixed value. All your results in FORSAGE networking are no longer dependent on the currency price fluctuations. This means more stable business can be built and no more losses from price movements in case of market correction;
- Same crypto opportunities. BUSD token is a widely used token in crypto market and can be swapped in a matter of seconds to any token on Binance Smart Chain via decentralized swap platforms at almost zero cost.
- Simplicity of calculations and invariability of registration costs, activation of new levels/programs and reopens in FORSAGE, without changing the price of registration in FORSAGE;
- Accurate planning. Track and plan your expenses for building your team, business (targeted advertising, costs for promotions, content, etc.), and estimate your results and budget for the short and long term without adjusting for the volatility of the cryptocurrency market;
- Consumer Protection. BUSD token is a USD-denominated stable coin approved by the New York State Department of Financial Services (NYDFS), ensuring consumer protection. It is 1:1 fully USD-backed, easy to convert value of exchange between USD and BUSD and was launched in partnership with Paxos and Binance.
- Expansion of FORSAGE for new opportunities to your business.
- Currently blurred ETH and TRX network fees situation that makes many of our partners to feel less free in their actions.
BUSD FORSAGE on Binance Smart Chain presentation
See the explanation of the benefits and marketing of BUSD FORSAGE. Explore complete New xXx matrix introduction.
Will TRX and ETH FORSAGE contracts stop from developing?
Absolutely no. This is expansion to make the ability to develop your team in all 3 networks. Recall familiar situation on TRX launch - same opportunity is made for expansion of your business.
FORSAGE Team's first priority to assist you all in any new opportunity for your business grow.
Do i need to be registered in Binance Exchange to start activity in BUSD FORSAGE on BSC?
No, BSC is a separate block-chain that uses BEP20 token standard and has it's native coin - BNB.
Coin has multiple purposes but the main of them for us, participants of FORSAGE, will be network fee payments for any transaction in BSC. BUSD is a token in BSC with same BEP20 standard - it will be used for registration and further levels activation. To manage your future registration and levels activation in BUSD FORSAGE on BSC network you will need a quick configuration of your ETH compatible wallet apps like MetaMask, Trust Wallet, Token Pocket for mobile devices, and Metamask for PC. We will post all detailed instructions in near future.
Does BSC have its own explorer to see statistics of our addresses? And where can we see gas fee prices in network?
Yes, BSC has similar to Ethereum explorer where you can see all history and statistics, so as tab in it where Average gas fee price is monitored:
BSC Explorer: https://bscscan.com/
Gas Fee price tracker: https://bscscan.com/chart/gasprice
Link to BUSD BEP20 address: BscScan
Where can i follow announcements and updates about BUSD FORSAGE Launch?
Join our official channel in Telegram: https://t.me/forsage_official
Ask your questions to our 24/7 online support team: https://support.forsage.io/hc/en-us
More information about BUSD FORSAGE on the BSC network:
→ All about commissions in FORSAGE BUSD
→ How to prepare your wallet for the launch of FORSAGE BUSD on the BSC network
→ How to buy BUSD and BNB for registration in Forsage BUSD
→ Why BUSD and BNB on Binance smart chain (BSC) has same address format as Ethereum (ETH) network?
→ Difference between Binance Chain BNB (BEP-2 format) and Binance Smart Chain BNB (BEP-20 format)
→ List of common mistakes that may cause your assets loss
→ How to buy BNB and BUSD on Binance.com
→ How to add Binance Smart Chain wallet with BUSD token if you have separate Ethereum Wallet in app? (Trust Wallet)
→ How to buy BUSD from an online exchanger