In a move expected to massively expand the accessibility of $KAWA, we are very pleased to announce that we have expanded across to the Binance Smart Chain (BSC) network. This simply means that $KAWA gets access to the BSC ecosystem (which happens to have more users than ETH along with lower transaction fees).
Kawakami will bring BSC to the $KAWA ecosystem through our newly developed bi-directional ETH-BSC bridge by creating a liquidity pool on Pancakeswap while ensuring our total circulating supply across both the BSC and ETH chains never exceeds 1T tokens.
BSC $KAWA Token Contract: 0xFCEe721507110d5B79323DEAe95267d09bc415A4
BSC $KAWA Liquidity Lock: https://app.unicrypt.network/amm/pancake-v2/pair/0x8b4dcfebd6177cc05db4817d56f10f7e6591671d
BSC $KAWA Bridge: https://bridge.kawatoken.io
How does the bridge work?
When using the bridge to transfer your $KAWA from ETH to BSC for example, tokens sent will be frozen on the Ethereum network and an equivalent amount of BEP-20 $KAWA tokens will be minted on the BSC network. It works the same in the opposite direction as well, so there is no excess $KAWA added to the supply. However, you need to have your gas fees available on both chains (ETH & BSC) to both be able to send over your tokens and claim them.
How will the Kawakami ecosystem benefit from the ETH-BSC Bridge?
- Increased exposure and liquidity — With the bridge implementation, $KAWA will instantly be available to an entirely new audience — the BNB holders and community. This way, crypto holders can choose to buy $KAWA on the chain they choose.
- Very low fees — It’s a known fact that ETH fees can be ridiculously high most times making transactions very expensive for many users. Gas fees are much lower on BSC compared to ETH.
- Increased demand for $KAWA — Unlocking a second and easily accessible chain like BSC will result in a greater number of token holders. This will create increased demand for $KAWA on both chains as well.
- Aggressive marketing campaign — The BSC bridge will result in increased trading volume, and, therefore, more transaction fees, allowing the Kawakami Team to pursue more effective and aggressive marketing aimed at making Kawakami mainstream, as well as hasten our product development for the meme token ecosystem.
The BSC bridge allows the Kawakami ecosystem to get one step closer to delivering on its mission while also attracting new users and empowering current holders with more cost-effective transactions, and liquidity.
We will move forward with our goal to keep building for the meme token ecosystem both on the Ethereum and Binance Smart Chain ecosystems.
Note: $KAWA will remain the same, and this bridge is built to bring on more users and expand the Kawakami ecosystem. It is up to you to determine whether you prefer to hold $KAWA on the ETH or BSC network.
There will be a fresh new $KAWA contract for the BSC side. So please be safe and always check the BEP-20 address before you interact with it.
Participate in the Kawakami ecosystem by using or holding $KAWA tokens and enjoying the benefits of the ETH-BSC Bridge.