![](/content/images/size/w1384/2024/06/TokenMigration.png)
Binstarter Begins BSR 2.0 Token Migration: A New Era for Our Community
We are pleased to announce the commencement of our highly anticipated token migration to BSR 2.0. This transition marks a major milestone in our journey, bringing enhanced security features, zero transaction tax, and a seamless experience for all our members. Here’s everything you need to know about this crucial update and the benefits it brings.
Introducing BSR 2.0: Key Advantages
- Zero Transaction Tax: The new token contract eliminates the previous 1% transaction tax, enhancing liquidity and increasing value for our investors.
- Enhanced Security: BSR 2.0 addresses existing challenges and removes the blacklist feature, ensuring a more secure and transparent platform.
- Automatic Staking Pools: Post-migration, all tokens will automatically be involved in staking pools, enabling our community to earn staking rewards effortlessly.
Token Migration Process: Step-by-Step Guide
- For Members Staking on binstarter.io: Unstake your tokens to withdraw them. Cool down period is just 10 minutes now for all Tier levels. Once you receive your tokens to your wallet, please follow below steps to complete the migration process. To start the migration, you should hold at least 1000 BSR.
- Visit the Migration Page: Click on the provided migration link to get started: https://binstarter.ai/migration
- Connect Your Wallet: Ensure you connect the wallet holding your existing BSR tokens.
- Pay BSR and Receive New BSR: Enter the amount of BSR you wish to convert. You can select the maximum amount by clicking the "MAX" button.
![](https://blog.binstarter.io/content/images/2024/06/Migration-1.png)
- Approve the Transaction: Click the "Approve" button to allow the contract to access your BSR tokens.
![](https://blog.binstarter.io/content/images/2024/06/Migration-2.png)
- Approval Confirmation: Wait for the "Approval Successful" message to confirm the transaction.
![](https://blog.binstarter.io/content/images/2024/06/Migration-3.png)
6. Swap and Stake: After approval, click the "Swap and Stake" button to exchange your old BSR for the new BSR and automatically stake them.
![](https://blog.binstarter.io/content/images/2024/06/Migration-4.png)
- Success Confirmation: You will see a "Swap and Stake Successful" message indicating the completion of the process.
![](https://blog.binstarter.io/content/images/2024/06/Migration-5.png)
- Your Tokens Will Automatically Be Involved in Staking Pools: After the migration process is successfully completed, your tokens will be automatically involved in staking pools.
Please note that previously, the income from our staking pools was expressed in APY, but we are now displaying it as APR across all Tiers. This change allows users to calculate their earnings more easily. For example, the 64% APY rate for Tier 8 will now be shown as 50% APR.
- Important: A significant portion of the liquidation has been moved to the new contract, so it is advised that users trading heavily on the old contract refrain from doing so.
The migration process has started, and requests will be made this week for updates on Coinmarketcap, Coingecko, BSCScan, and Trustwallet. During this period, you can follow the new liquidity pool and price on Dextool: https://www.dextools.io/app/en/bnb/pair-explorer/0x11f0f4aea8d929d50858d67b64894f80d106576b?t=1719408564559
NEW TOKEN CONTRACT: 0x5cE12F6d9F2FcAf0b11494a1C39E09eeB16Ca7e8
Price: $0.10
Looking Ahead
As we move forward with BSR 2.0, we remain committed to delivering enhanced security, improved liquidity, and increased benefits for our community. Our efforts are focused on driving innovation and providing you with the best possible experience in the DeFi space.
Get Started Today
To complete your token migration, please visit our migration page: https://binstarter.ai/migration
Thank you for your continued support and participation.
About Binstarter
Launched in June 2021, Binstarter is a trailblazer in decentralized finance, renowned as the first multi-chain IDO platform with an Extended Insurance Protocol (EIP). Our platform is committed to transparency, fairness, and innovation, offering secure and efficient fundraising solutions for startups. At Binstarter, we aim to revolutionize the DeFi landscape by reducing risks, enhancing user experiences, and empowering startups for successful launches.
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