On the 7th of June in 2021, “Minereum” was released on the “Binance Smart Chain” or BSC. Previously, all “BSC airdrop” users were provided with a “Level 1 Genesis Address”, for a combined amount of “1,295,224 Genesis Addresses”.
Minereum BSC (MNEB) brings the First Self-Mining Smart Contract to the Binance Smart Chain (BSC). Launched in June 2021, it allows users to mine without the need for any mining equipment. Similar to the first version of Minereum (MNE) launched in 2017 on the ETH chain.
It also includes other features like incorporated DEX capabilities for MNEB, Genesis Addresses, and Fee Shares. It also includes the Lucky Draw experiment which brings a new mechanism to generate safe random numbers on the blockchain.
Every “Genesis Address” received “150,000 coins”. The “Total Initial Supply” was calculated to “94,618,870,225 MNEB Coins” because there were primarily “1,295,377 Genesis Addresses” on the “Airdrop”. Nevertheless, keep in mind that throughout the “BSC version”, all locations are “Genesis Addresses Level 1” by default, resulting in greater airdrop transactions.
The mining program commences once “Genesis Address” holders update their addresses to “Level 2” or “Level 3”. The technique of mining will last “1,000,000,000 BSC” blocks and will pay out “0.000150 MNEB” every block. The “BSC Fee Share” receives the upgrading costs.
Unlike other major crypto assets, it cannot be bought outright with fiat money. Nevertheless, you may still simply purchase this currency by first purchasing Bitcoin from any fiat-to-crypto exchange and afterward transferring to an exchange platform that trades this cryptocurrency. In this article. We are going to explain the process of how to switch Minereum BSC token to BNB in detail.
Minereum BSC Contracts: 0xD22202d23fE7dE9E3DbE11a2a88F42f4CB9507cf
How To Sell Minereum BSC(MNEB) Token On Trust Wallet?
To sell the Minereum BSC token on the Trust wallet, first, you have to swap the Minereum BSC token with BNB on PancakeSwap then you have to convert BNB with the Stable coin BUSD. After that, you can withdraw fiat currency on Binance.
Minereum BSC token cannot be sold on Trust Wallet directly like other major cryptocurrencies. Minereum BSC needs to be swapped with BNB first and then you can sell your BNB on Trust Wallet.
Steps to sell Minereum BSC token on Trust Wallet:
Step 1: Log Into The Trust Wallet
First login into Trust Wallet Account in your mobile app. Make sure you have sufficient Minereum BSC tokens available for swap.
Step 2: Go To DApps Option
To swap your Minereum BSC token, go to DApps option, which will be at the bottom right corner of your mobile screen in case you are using the Trust Wallet mobile app.
Step 3: Search For The PancakeSwap Option
In DApps, search for PancakeSwap from the given list. Select PancakeSwap to swap your Minereum BSC token. After selecting PancakeSwap, it will redirect you to the webpage of PancakeSwap.
Note: When you reach the webpage of PancakeSwap, check the top right corner. There will be a symbol, click on that to check whether it is a Smart Chain or not. If not, then select the Smart Chain from the list.
Step 4: Selecting BNB For Swapping
Generally, BNB is given as the by default choice to swap with. If any other crypto is given, then select that and a list will show up. Select BNB from the list.
There will be a downward arrow ↓ below the box; click on that. This will swap the position of the options of Cake and BNB. The cake will come up and the BNB will go down.
Select the Cake option and then the app will ask you to enter the token which you want to swap. Enter the contact address for Minereum BSC which is mentioned below:
Minereum BSC Contracts: 0xD22202d23fE7dE9E3DbE11a2a88F42f4CB9507cf
Minereum BSC option will show up after entering the address. Select that.
Note: Only enter the contact address; do not write Minereum BSC.
Step 5: Entering The Amount Of Minereum BSC To Be Swapped
Now, you will be asked to enter the amount of Minereum BSC token you want to swap. Enter the amount and check the exchange amount of the crypto with which you are swapping Minereum BSC.
Note: When you enter the amount of Minereum BSC, the exchange value of BNB will be shown in the box under the BNB option.
Step 6: Complete The Swapping Process
Click on the Swap button. The page will ask again to confirm the process. Click on the Confirm Swap button to complete the process. Wait for a few minutes to see the swapped amount is credited.
Now, when you are done with swapping Minereum BSC with BNB, you can go for selling it on Trust Wallet.
Step 7: Convert BNB Into A Stable Coin
Firstly the BNB needs to be converted into a stable coin. To convert the BNB, you need to go to the option called Dex in the Trust Wallet and there you have to select BNB to convert it to BUSD, which is a stable coin.
Step 8: Input The Amount And Withdraw
You have to input the amount of BNB you want to swap with the BUSD. After entering the amount, click on the Swap.
Next, you have to select the BUSD and then click on the Send to Withdraw.
Now, a pop-up will show up which will ask you to fill in the “Recipient’s address” or you can also scan the QR codeshown on the screen.
Step 9: Deposition Of BUSD
Now, go to your Binance account and choose BUSD as your deposit currency by clicking on the deposit button.
Check that you are in the “correct network” on the “exchange” and copy the “Binance receive/deposit address”.
Step 10: Complete The Swap
After copying the deposit address from Binance account and go back to your Trust Wallet page where you left.
Paste the copied address at “Recipient’s address” and continue the process. Now the amount of BUSD will be transferred to the “Binance centralized exchange wallet”.
Step 11: Withdrawal Of The BUSD From The Binance Account
After the amount is transferred to your Binance account go to your account and click onto the “Withdrawal Fiat” button which will be at the upper right–hand corner.
Now, the page will ask you to select the fiat currency in which you want to withdraw. Then you have to enter the amount of BUSD you want to withdraw.
In the end, the page will ask you to input the bank details. There will be a beneficiary section, under which you will find an option named “add new card”.
Enter your card number and complete the process. This is how the amount will be transferred to your bank account.
How Much Time It Takes To Swap Minereum BSC With BNB?
To Swap Minereum BSC token with BNB on Trust Wallet will take around a few minutes only. In rare cases, it can take up to Hours.
Because of the platform’s simplicity, swapping the Minereum BSC token for BNB on Trust Wallet is a rather simple job.
The Swapping procedure is quick, only a few minutes, but it may take a little longer to be approved and the credited money to appear in the Trust Wallet.
Also Read: How to Connect Trust Wallet to PancakeSwap?
Why Can’t I Swap Minereum BSC With BNB?
Sometimes while swapping Minereum BSC token with BNB on PancakeSwap may get failed. After clicking the Confirm Swapbutton, an error message shows up.
In that case, decrease the amount of Minereum BSC you want to swap and then try to swap it with BNB again. If the error message shows up again that means the liquidity of the token is still locked.
You have to wait for a while and try the process again from the beginning. The swapping will not be completed until the liquidity of the token gets unlocked. The user has nothing to do until it gets unlocked.
Conclusion
This article has detailed information regarding the swapping or selling process of Minereum BSC tokens on Trust Wallet.
Minereum BSC token can be swapped very easily with the BNB on Trust Wallet but sometimes errors in the swapping process occur.
When the swapping process fails, the users are requested to retry using a lesser amount of Minereum BSC.
If it still does not work, that means the liquidity of the token is still locked and the user has no option in their hand but to wait for the liquidity to be unlocked.
They can try to swap their Minereum BSC token through the same process later. The process generally takes a few minutes to complete and is also free of cost service.
