MacaronSwap MCRN Price $ 0.0625

MacaronSwap (MCRN) is a decentralized exchange, farming, staking, cross-chain bridge platform built on top of Binance Smart Chain (BSC). Geared toward the cryptocurrency trading sphere, MacaronSwap utilizes the Automatic Market Maker (AMM) approach. This means that while this platform allows users to trade virtual assets, no order book is required to connect bidders with askers. Instead, all trading is done through a liquidity pool.

These liquidity pools contain funds from other users. Users deposit their funds to the pool and receive liquidity provider (or LP) tokens in return. These tokens can be used to redeem the share from the pool, plus LP tokens also allow you to get a percentage of the trading fees.

MacaronSwap Features

On the MacaronSwap, users can choose to become liquidity providers. Alternatively, they can participate in farming, staking, exchanging, and assets bridging across chains.

·    Assets Bridging. It is a cross-chain bridging service aimed at enhancing interoperation between different blockchain networks. It essentially allows anyone to convert selected coins into wrapped tokens (or "pegged tokens") across blockchains, for example, to convert ERC20-standard tokens to BEP20-standard tokens.

·    Exchange. MacaronSwap is an Automatic Market Maker (AMM), a type of decentralized exchange (DEX) protocol that is based on a mathematical algorithm to determine the price of an asset. Instead of using an order book like a regular exchange, the price of the assets is established according to a pricing formula.

·    Farming. If you join the farm, you will need to deposit your LP tokens and lock them to receive MCRN tokens as a reward.

·    Liquidity Provider. Liquidity pools are loaded with funds deposited by users. Users contribute their finances to the pool, receiving liquidity provider tokens in return. They can use these tokens to withdraw their share or claim a percentage of trading commissions.

· MCRN Token Essentials

MCRN is ERC20-standard token existing in Binance Smart Chain Mainnet with address 0xacb2d47827c9813ae26de80965845d80935afd0b

 Total MCRN Supply: 2,319,746

Max Total MCRN Supply (~20 Years): 12,000,000

Total MCRN Burned: 25,357

Where to Buy MacaronSwap (MCRN)?

This governance token of MacaronSwap decentralized exchange has been added to the inventories of many cryptocurrency exchanges. Unlike other trendy cryptos such as Bitcoin or Ethereum, MCRN Coin cannot be immediately purchased with fiat money. However, you can still easily buy this token. To do so, you first need to buy some popular coin such as BTC or ETH for fiat from a reputable exchange and then transfer your assets to an exchange that lists the MCRN token.

Binance Exchange is one of the best exchange platforms supporting fiat-to-crypto purchases. Let’s take it as an example.

To be able to buy, sell, and exchange tokens on Binance, you will first need to complete the KYC procedure. This generally requires providing your full name, address, and phone number. You will also need to verify your identity by uploading the photo of your government-issued ID document, your recent photo, and, sometimes, paid utility bills. In some cases, identity verification will also require a video interview – KYC formalities vary across platforms.

Once you have finished your KYC procedure, you will need to add a payment method to buy tokens for fiat money. Binance accepts credit/debit card purchases as well as wire bank transfers as payment for major cryptocurrencies such as Bitcoin, Ether, Ripple, etc.

When you have some popular crypto in your possession, you need to transfer it to some altcoin exchange where MCRN can be traded. Head to the website that has market pairs with MCRN and register your account (most likely, you will need to go through the KYC procedure once again). 

Once your account is up and running, you will need to transfer your BTC/ETH funds from Binance to the altcoin exchange of your choice. Once you’ve done, swap your BTC/ETH assets for MCRN on the given altcoin exchange. Now you are an official owner of MCRN tokens.

Where to Store MacaronSwap (MCRN)?

Since it is a BEP-20-standard token for BSC (BSC and polygon are forks of ETH), you can hold your MCRN assets on any crypto wallet that supports Ethereum. Binance Chain Wallet seems an obvious choice since MCRN runs on Binance Smart Chain Mainnet, but you can consider any other product, be it cold storage (hardware) or hot storage (software) solution. The platform itself recommends Metamask and Trust Wallet options. Just make sure the wallet you pick is optimized for ERC20-standard coins.

MCRN Mining

MCRN Token is not minable.