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What is Ellipsis (OLD)?

Ellipsis (OLD) (EPS) is a cryptocurrency token that operates on the BNB Smart Chain (BEP20) platform. It is designed to provide secure and low-slippage stable swapping services, primarily benefiting liquidity providers and stakers. The token is part of a decentralized finance (DeFi) protocol that aims to enhance the liquidity of stablecoin assets within the Binance Smart Chain ecosystem.

How is Ellipsis (OLD) used?

Ellipsis (OLD) (EPS) is a governance token for the Ellipsis decentralized exchange (DEX) built on the Binance Smart Chain (BSC). The token serves several purposes within the Ellipsis protocol:

  1. Governance: EPS holders have the power to vote on proposals and decisions within the Ellipsis system, allowing them to participate in the decision-making process.

  2. Liquidity Provision: Users can deposit tokens into liquidity pools on Ellipsis in exchange for rewards. This mechanism helps maintain liquidity and facilitates stablecoin swaps on the platform.

  3. Staking: EPS tokens can be staked to earn rewards. The fees generated from swaps on the DEX are split 50:50 between liquidity providers and EPX stakers, incentivizing users to participate in the ecosystem.

  1. Trading: EPS tokens can be bought, sold, and traded on various decentralized exchanges, such as Pancakeswap V1 (BSC), Mdex BSC, and PancakeSwap (v2), among others.

Overall, the EPS token plays a crucial role in maintaining the functionality and governance of the Ellipsis DEX, while also providing opportunities for users to earn rewards and participate in the platform's decision-making process.

How do I store Ellipsis (OLD)?

To store Ellipsis (OLD) (EPS) tokens, you can use the Trust Wallet. Here is a step-by-step guide to add Ellipsis to Trust Wallet:

  1. Install Trust Wallet: Download and install the Trust Wallet app on your mobile device.
  2. Create a Wallet: Create a new wallet or import an existing one.
  3. Add Ellipsis: Search for Ellipsis (OLD) (EPS) in the wallet and add it to your wallet.
  4. Import Contract Address: If you already have EPS tokens, you can import them by copying the contract address (0xa7f552078dcc247c2684336020c03648500c6d9f) and manually importing it into the wallet.

Alternatively, you can also use MetaMask to store and manage your EPS tokens. To do this:

  1. Install MetaMask: Install MetaMask as a browser extension or mobile app.
  2. Create a Wallet: Create a new wallet or import an existing one.
  3. Add Ellipsis: Copy the contract address (0xa7f552078dcc247c2684336020c03648500c6d9f) and import it manually into MetaMask, or use CoinGecko's one-click feature if you have the MetaMask Chrome extension installed.

Both Trust Wallet and MetaMask allow you to view your token holdings, trade on decentralized exchanges, and manage your EPS tokens securely.

How to buy Ellipsis (OLD)?

To buy Ellipsis (OLD) (EPS) tokens, follow these steps:

  1. Find a Reliable Centralized Exchange: Look for a reliable centralized exchange where EPS is listed. You can refer to CoinMarketCap's Markets section to find a list of exchanges that support EPS trading.

  2. Buy Ethereum (ETH): If the exchange does not have a direct EPS listing, you can buy Ethereum (ETH) first. This will allow you to access a multitude of tokens, including EPS, through decentralized exchanges (DEXs).

  3. Create a MetaMask Wallet: Download and set up a MetaMask wallet, which is compatible with Ethereum and most major blockchains. This will facilitate access to DEXs and decentralized applications (DApps).

  1. Transfer ETH to MetaMask: Transfer your ETH from the centralized exchange to your MetaMask wallet. This may involve paying a gas fee.

  2. Connect to a DEX: Connect your MetaMask wallet to a DEX that lists EPS, such as PancakeSwap. Select ETH as the payment and EPS as the cryptocurrency you want to buy, then make the swap.

  3. Complete the Transaction: Preview the transaction details and confirm your purchase. Your Ellipsis (OLD) purchase will be completed once the transaction is processed.

Remember to carefully check addresses and be cautious of potential frauds or phishing attacks, especially if you need to manually enter a smart contract address.

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