The Wrapped Stohn Coin Bridge is Now Live on the Binance Smart Chain Mainnet!

We are super thrilled to finally be able to deploy the very much-awaited smart contract on the BSC mainnet. Leading off the release of the Wrapped Stohn Coin (WSOH) bridge, connecting the SOH network to the exciting DeFi world on the Binance Smart Chain network.

After extensive testing over the last few weeks; the bridge is now ready to accept real SOH, enabling you to directly swap these for WSOH 1:1, which is fully usable on the broad catalog of dApps from BSC.

Head over to https://stohnbridge.com to test it for yourself.

How to use the bridge

To swap your SOH to WSOH, you will need to use a browser (Chrome/Firefox) with Metamask installed and visit the Bridge website. If Metamask is not yet installed on your device, you will be prompted with the option to do so.

Metamask does not include the BSC network by default, so you might need to add their servers manually if you do not already have them. You can add the BSC servers manually by following the instructions here.

With this done, you can select the network and then connect to the Binance Smart Chain mainnet.

Once connected, you’ll need to connect your wallet to the bridge.

To do so, you’re required to first load your Metamask wallet with some BNB. These will be used to pay for the gas needed for the smart contract operations. Connecting your Metamask wallet, connecting it with the Stohn Bridge and swapping WSOH back to SOH both incur a cost in BNB.

Once you’ve filled your wallet with BNB coins, you will be directed to a Stohn Coin address into which you can deposit SOH. This address is static and derived from your BNB wallet. As these two are cryptographically linked forever, every time you send coins to this address, your SOH will automatically convert to WSOH, even if the bridge is not open!

Swapping back from WSOH to SOH is super straightforward. All you need to do is go into the withdrawal section and fill out the form. As stated above, withdrawing incurs a cost in BNB as well as a small withdrawal fee in SOH.

Depositing SOH also results in a small fee directly deducted from the WSOH received. The latter is used to pay for the minting operation.

By clicking Import WSOH token to MetaMask, you will add WSOH to your token list and you will be able to see your WSOH balance from within.

Using WSOH in Decentralized Exchanges

Now that the smart contract has been deployed, the first step needed for its success is creating liquidity in the Decentralized Exchanges.

It’s really important to have some sort of synchronization within the community for the liquidity to not be split across different exchanges or pairs.

We’re suggesting to initially focus on Pancakeswap, as it is currently the one getting most of the attention.

To provide liquidity to a pair, visit Pancakeswap, click Trade -> Liquidity on the top menu bar and select Add Liquidity. For the first currency of the pair, paste the smart contract address (0x313693ff96c1EE7b93765b57c786639F357738bb) and select WSOH.

Next; select the second currency you would like to provide as liquidity. Input the amounts and complete the process!

Performing a swap

If you wish to perform a swap, the process is very simple in Pancakeswap!

Select “Trade” on the top menu and you will be directed to the Swap section, where you will be able to input the amount and currencies to trade.

What’s coming next

Over the coming weeks, the main focus will be on building as much liquidity as possible on Pancakeswap.

WSOH has great potential for use on dApps now. Whether it be as collateral for borrowing other currencies; as a lending currency or even as a trading currency.

Given that WSOH is directly swappable on the BSC ecosystem, we’re beyond excited to see what the coming months have in store for the community. This is a big stepping stone for all of us and we’re confident that it will open new doors for the project as a whole.

We’re going to wrap this up with a big thank you! Stay tuned and take care!

Reference Links

Add BSC network to MetaMask:
https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain

Add BNB to MetaMask:
https://cointracking.info/blog/add-the-bnb-smart-chain-to-metamask/

Learn more about Stohn Coin:

Stohn Coin — https://stohncoin.org/

X.com — https://twitter.com/stohncoin

REDDIT — https://www.reddit.com/r/StohnCoin/

EXPLORER — https://stohnexplorer.com/

COIN GECKO — https://www.coingecko.com/en/coins/stohn-coin