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Ferdi

Ferdi@bbs
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Cashout to ETH with ZERO FEES!!!

What's up my friends at BBS? Today I'd like to welcome you to my guide about how to withdraw to ETH with zero fees. You may now think how is that possible, is this guy a wizard. No sadly I'm not. Even I can't withdraw directly from BBS Network to ETH without paying the 340 $BBS fees. But there's another way, where you still end up on ETH without paying  any fees. So let me show you how.Reminder! Use these DAPPS and links on your own risk, this is not financial advice! 1. Withdraw to EOS wallet: For doing this I'd recommend the Anchor Wallet. This is an app for your Android or iPhone.EOS doesn't have blockchain addresses like usual, so you will have to choose a username. Copy your username to BBS Network and type 0 as memo, like I did. Then you can proceed to withdraw. 2. Swap $BBS through DEFIBOX First you need to login via your Anchor wallet. I'd recommend to swap $BBS to $PETH since we need this $PETH later on. $PETH is a bridged form of $ETH. Beware of the different price on DEFIBOX compared to other platforms! For a long time the price of $BBS was way lower on DEFIBOX compared to other platforms because of the low liquidity and selling pressure. At some times you lost more than 30% value because of a swap on DEFIBOX. This is also the reason I waited so long for this guide, because I didn't want you to use my guide and then lose value on DEFIBOX. Right now the $BBS price on DEFIBOX is nearly the same like on Bancor. But be aware that it can change! DEFIBOX: 0.02096Bancor: 0.02178So that's still a difference of about 3.7% If you want to withdraw a huge sum, right now more than $160 worth of $BBS, it's cheaper to use ETH directly. For small amounts DEFIBOX is the best choice.Here's the link to DEFIBOX:   3. Grow you $PETH amount to 0.025 Bridging the $PETH to $ETH requires a minimum amount of 0.025 $PETH. You can stack your $PETH on EOS until you reach that amount. There's no problem with that. I also withdrew multiple times until I reached 0.025 $PETH. 4. Bridge $PETH from EOS to $ETH Now the exciting part! There's a wonderful platform called "pNetwork". This is a cross chain bridge connecting EOS to most other chains. Cool thing is: THEY PAY FOR THE GAS FEES! So bridging $PETH to $ETH is basically free (0.25% fee). Here's the direct link to the interface:   You have to connect your Anchor Wallet first and copy paste your ETH address into the DAPP. Then you can proceed to swap $PETH to $ETH. 5. Receive $ETH  There are no more steps you need to do. The pNetwork is working in the background for some minutes now and you will automatically receive the bridged $ETH in your chosen wallet. This method is only useful if it doesn't matter to you, that you won't receive $BBS in your ETH wallet. This is not possible through this method. If you want $BBS on ETH you need to withdraw it like usual with the 340 $BBS as fees. How do you like this guide? Let me know in the comments!!
Jul 23, 2022
RTB Token & Network

Explanation of Staking Rewards, Quarters and Shares

Many of you are probably confused by the Normal / Max APR and the staking system in general. You want to know how many rewards you can really get? I'll try to explain it to you.  The Normal APR currently sits at 794% and will definitely be lower in the next few days, since more funds will flow in. For this reason and for an easier understanding, I will show you examples with an APR of 400% and I will always use 1000 BBS tokens in these examples.  If the Normal APR is 400% then the return per quarter is 100% because a year consists of 4 quarters. I'll explain later what the Maximum APR is.  So if you choose to lock the 1000 BBS tokens for 1 quarter, you will double your investment (100%) after this time period. The outcome would be 1000 BBS tokens plus the initial 1000 BBS tokens.  If you want to lock your BBS tokens for multiple quarters, you can boost the APR. The more quarters, the higher the APR. The maximum amount of quarters to lock your tokens is currently 13, so more than 3 years.  In this example you choose to lock 1000 BBS tokens for 4 quarters. You will get a 25% boost on the APR for each quarter, which you added. In this case you would get 1.75x for the first quarter (1750 BBS), 1.5x for the second quarter (1500 BBS), 1.25x for the third quarter (1250 BBS) and finally 1x for the fourth quarter (1000 BBS). The outcome after 4 quarters would be 5500 BBS plus the initial 1000 BBS. The APR with the boost would be 550% compared to 400% without the boost.  So for each quarter you can increase the boost by 0.25x to a maximum of 4x. That 4x would be for the first of 13 quarters if you lock your tokens for 13 quarters. So the Max APR would be 1600%. Let's do an example with the maximum amount of quarters. The outcome after 13 quarters would be 32500 BBS plus the initial 1000 BBS. So the APR with this maximum boost would be at an average of 1000% APR Now I want to break it down to the Quarters: Lock for 1 quarter and the return per quarter will be 100%. Lock for 4 quarters and the average return per quarter will be 137.5%. Lock for 13 quarters and the average return per quarter will be 250%. Keep in mind that these examples were made with a stable APR of 400%. In the real world the APR is constantly changing and it can also drop way lower than that. 
Feb 21, 2022
RTB Token & Network