The ETH -> BSC bridge
is being developed to assist customers in migrating their FLy tokens to and from the Binance Smart Chain. Last time we checked BSC has pretty low fees, like $1-3 per transaction depending on the size of the transaction. This should positively affect the trading volume on decentralized exchanges across the board. PancakeSwap
is a decentralised exchange for swapping BEP20 tokens on the Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. These pools are then filled with the users' funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees. As of writing the PancakeSwap had $13,189,448.42 or 325 BTC in trade volume over a 24 hour period.
This addition to the FLy ecosystem will increase marketing activities, because more people will be able to buy a small portion of FLy tokens, which will increase the number of active FLy wallets. If users are forced to pay a high fee, they will often send larger transactions to make it worth it. We want users to be able to send smaller transactions for a reasonable fee.