PolyZap Review & Tutorial 2021
PolyZap is a revolutionary decentralized exchange (DEX) and Yield Farming Network that’s built on the Polygon(Matic) network. Fully utilizing the fast, efficient and inexpensive Polygon Blockchain, PolyZap offers a number of ways for cryptocurrency enthusiast to swap, stake and provide liquidity building their passive income streams. In the following review we’ll go into more detail about what makes PolyZap ecosystem work, and how you might be able to grasp PZap’s benefits yourself.
Now, let’s talk a little bit about the PolyZap(PZAP) token:
It is important to mention that the PZAP token has a hard market cap of 21M tokens, something that is highly beneficial for the future and utility of the token. Apart from that, burning mechanisms have also been prepared aiming to further limit the supply of the token making it more scarce, and we all love scarcity in crypto! Lastly PolyZap has plans to become a Governance Token on the Polygon Ecosystem setting its future expectations pretty high.
First and Foremost: How do I move or bridge funds to the Matic network and connect my wallet?
#Moving funds over & Bridge Options.
Because the Polygon Network hasn’t been fully utilized by major exchanges, new cryptocurrency investors may find it hard to “bridge” their funds over to Matic. Here is an official & fairly easy tutorial:
For Ethereum(ETH) Holders:
For Binance Smart Chain(BNB) Holders:
xPollinate.io is probably the best way to bridge your funds from BSC to the Matic Mainnet in an easy & decentralized way. The site is fairly easy to use and xPollinate is the most popular Cross-Chain Bridge at the time of this writing.
Thinks to consider:
- Low Fees
- Only 3 Coin Options(DAI/USDC/USDT)
- Decentralized Platform
#2 Ascendex.com
Ascendex is a centralized exchange where users can swap their BNB for coins on the Matic Network such as Matic or USDC. Ascendex is one of the most efficient ways to bridge your funds over!
Things to consider:
- Minimum Withdrawal of 250 Matic
- 24h Withdrawal Limit
- No KYC Requirements
#Connecting my Wallet to PolyZap
#Step 2 (Metamask)
Click on “Add Network” and configure the Matic Mainnet Network on your Metamask wallet.
- Network Name: Polygon (MATIC).
- Updated RPC URL: https://rpc-mainnet.matic.network
- Chain ID: 137
- Currency Symbol: MATIC
- Block Explorer URL: https://explorer.matic.network/
#Step 3(PolyZap)
On your dashboard click “Connect” on the upper right corner and choose Metamask as your wallet!