I scoured the internet for an "easy" guide to swap BAND ERC-20 tokens to BandChain Mainnet tokens. After hours of research I finally figured it out and wrote this article to summarize my findings. This guild will explain how to swap BAND ERC-20 tokens to BAND Mainnet tokens.
Why would you want to swap to mainnet tokens? To receive the highest staking rewards, token holders must stake with native tokens. Coinbase offers staking rewards, but they are minimal. Staking rewards as the time of this post are 17%, but change continuously based on participation. You can read more about staking rewards by reading this guide to staking on bandchain.
What is Required to Swap BAND ERC-20 Tokens?
- Metamask with BAND ERC-20 tokens.
- A VPN for those users swapping from United States of America, Albania, Bosnia and Herzegovina, Belarus, Congo (DRC), Côte d'Ivoire, Crimea, Cuba, Iraq, Iran, North Korea, Liberia, Macedonia, Myanmar, Serbia, Sudan, Syria, Zimbabwe. I highly recommend Proton VPN.
- Atomic Wallet to receive the converted BAND mainnet tokes. Other wallets will work but I'm going to explain how to use Atomic Wallet in this post.
Navigate to the Binance Bridge. If you see the following message, you will need to change your country of origin with a VPN.
Enable VPN (if required) to change your IP outside of the restricted countries. They are the United States of America, Albania, Bosnia and Herzegovina, Belarus, Congo (DRC), Côte d'Ivoire, Crimea, Cuba, Iraq, Iran, North Korea, Liberia, Macedonia, Myanmar, Serbia, Sudan, Syria, Zimbabwe.
Reconnect to Binance Bridge. You should see a screen like this below.
Select the correct assets as show below. The "Asset" is BAND. The "From" is Ethereum Network. The "To" is BAND Network.
Connect your Metamask by clicking on "Connect Wallet"
After clicking connect a new box will appear with the Destination.
- Input the Amount to sent
- Select the correct destination from the Atomic Wallet. YOU MUST SELECT A DESTINATION THAT CAN RECEIVE BAND MAINNET TOKENS.
To get the receive address in Atomic Wallet click "Wallet" then "Band Protocol" then click the "RECEIVE" button show below. You will see a public address like: band1mha..... That is your public address. Paste that into the "Destination" field show above.
Click "Next" in the Binance Bridge page shown in Step 6 above to process the transaction. This will pop up approval pages in Metamast to approve the transactions. You will need to pay two fees.
After 12 confirmations your new BAND will appear in your Atomic Wallet.