Attention all SOULdiers!
We are very happy to announce that SOUL and KCAL trading pools are now live on PancakeSwap!
Being the single most popular DEX on Binance Smart Chain, PancakeSwap draws massive trading volumes, with its 24 hour trading volume consistently exceeding $350,000,000 and at times reaching more than $1,000,000,000. With Binance Smart Chain integration now complete, new and existing SOULdiers can now utilize this popular platform to trade and acquire both SOUL and KCAL.
No more crazy gas fees on DEXes
A massive advantage PancakeSwap on BSC brings over Uniswap on Ethereum is low transaction fees. BSC fees are a fraction of Ethereum’s gas fees, which means it will no longer be prohibitively expensive to acquire SOUL and KCAL on decentralized exchanges!
Help grow liquidity!
We encourage all SOULdiers to consider contributing to the liquidity pools on PancakeSwap. The higher liquidity SOUL and KCAL has on these exchanges, the more attractive they are to traders discovering Phantasma. As with Uniswap, all liquidity providers share in the trading fees for the pools, proportionate to your share of the liquidity pool.
A note on impermanent loss
It is important to note that on AMM based DEXes like Uniswap and PancakeSwap, liquidity pool contributions are subject to a phenomenon called impermanent loss. Briefly summarized, this means that the balance of SOUL/KCAL and BNB you contribute will shift according to the relative price of each token. If SOUL becomes relatively more worth than BNB compared to when you contributed liquidity, some of your SOUL will be converted to BNB, and vice verse. The same mechanism applies to KCAL.
The risk of impermanent loss is offset through two mechanisms; the sharing of trading fees, and Phantasma’s upcoming liquidity incentivization mechanism, Phantasma Pharming. Phantasma Pharming is now commencing final testing, and expected to go live in the coming weeks!
Please note that the SOUL pool on PancakeSwap will initially show as WBNB/”Unknown” – we have been advised by the fine folks over at PancakeSwap that this should auto update within the next couple of days, and that there is no action required or possible to fast track / change that. This visual glitch also extends to the token amounts shown in the transactions section of the pool. Clicking “View on BSCscan” at the top right of the pool page will show the correct pool balances and enables you to check that the SOUL in the pool is linked to the correct SOUL token contract linked above.
Happy trading!
Your Phantasma Team and the Phantom Force
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