You've been hearing about @MetisDAO and want to try it out, but you don't know how to buy/bridge $METIS w/o interacting with Ethereum / $ETH gas fees?
It's ur lucky day!
🧵Thread on how to buy $METIS and bridge it to Andromeda paying LESS THAN $10 in TOTAL fees👇
Vamos (1/14)
2/ The cheapest road to $METIS starts at @binance (u can most likely use any CEX of your preference)
1st thing u have to do it buy $BNB. U have to invest in $BNB the same $$ amount that u want to invest in $METIS
Once u have ur $BNB ready, u go to the next step: Withdraw $BNB
3/ You want to withdraw it to ur non custodial wallet(Metamask in my case), but first u have to make sure that you alerady added the BSC Network (now bnb Network) to your wallet.
If you haven't, you just gotta add this text strings to the required fields
4/ Once u have ur wallet connected to BSC Network, u can withdraw your $BNB to your non custodial wallet and should see the new balance reflected in your wallet after 1 or 2 minutes
$BNB withdrawal fee to the BSC network is $1
5/ In this next step, u will go to @PancakeSwap & click on Trade > Exchange
Once u get to the Exchange window, u must click on any of the 2 (small window will pop up)
Click on "Manage Tokens" > Tokens. Fill blank space w/ $METIS BSC contract address
6/ Now that u have added $METIS to ur token list, u will be able to see the exchange rates between BNB and $METIS
Now, u just have to swap ur $BNB 4 some $METIS with a 0.5% slippage tolerance
Make sure to leave at least 0.02BNB ($7ish) to cover the gas fee & the next steps
7/ Yessirrrr, now u got some nice juicy $METIS 😈
Although... it's in the BSC :/ (if you don't see ur $METIS yet, u probs haven't added its BSC address to ur wallet)
So, what can u do? Bridge it to Andromeda Network.
8/ Once u get to Polybridge, u must first choose the asset you want to Transfer, which is $METIS in this case (u type it)
Then, you must specify from from which network to which network you want to bridge your $METIS.
In this case, it would be from BSC to METIS
9/ Ok, now that u've selected all the necesary info, you will see that the fee related to bridging your assets is 0.016 BNB, which is $6 at the time of writing(fee used to be 0.02 BNB)
U must click Approve (dont click on "approve infinity", its unnecesary n could be risky)
10/ Now that we've approved their bridging of our assets, we hit Next.
REMEMBER: Just like u added BSC network 2 ur wallet, u must add Andromeda as well.
If your wallet is not connected to Andromeda you won't be able to even connect ur end wallet (the one receiving $METIS)
11/ After hitting next, you'll have to approve some very very small fees through your non custodial wallet and you will later see this window monitoring the current state of the assets being bridged.
12/ Finally, the bridging is complete
Congratulations, u now have ur $METIS in Andromeda Network! Now u can explore the OUTSTANDING eco projects that there r inside
If you're tired of high ETH fees and also think L2s are a key element of crypto's future, you should go take a look at @MetisDAO and its amazing features
🧵Thread on why I'm absurdly bullish on $METIS 👇
2/ In this thread we'll see:
• $METIS: What is it
• Optimistic Roll Ups
• #DAC Framework
• Decentralized Storage
• NFT Bridge
• Metisverse 🌎
• Metis and Vitalik
• DeFi Alternatives
• Upcoming NFT Collections
• Community
Vamos👇 (1/23)
3/ $METIS is the native asset of the Andromeda Network, one of the newest & already top 3 scaling solutions in Ethereum
L2s are 3rd party blockchains operating on layer1 blockchains mainly to solve scalability issues. They serve as add-ons for the parent blockchain