How to add Bancor mainnet to MetaMask.

How to Add Bancor Mainnet to MetaMask

Introduction

Bancor is a decentralized exchange (DEX) that allows users to trade cryptocurrencies without the need for an intermediary. It operates on its own blockchain, and to interact with it, you'll need to add the Bancor mainnet to your MetaMask wallet. This guide will provide detailed instructions on how to do that.

Prerequisites:

• Install MetaMask wallet
• Ensure you have some ETH in your wallet to cover transaction fees

Steps:

1. Open MetaMask:
   • In your browser, open the MetaMask extension or mobile app.
2. Add Custom Network:
   • Click on the "Networks" tab.
   • Click on the "Add Network" button at the bottom of the screen.
3. Enter Network Details:

   • Fill in the following details:

     • Network Name: Bancor Mainnet
     • New RPC URL: https://mainnet.bancor.network
     • Chain ID: 100
     • Currency Symbol: BNT
     • Block Explorer URL: https://mainnet-explorer.bancor.network/
4. Save Network:
   • Click "Save" to add the Bancor network to your MetaMask.
5. Switch Network:
   • Click on the "Network" dropdown and select "Bancor Mainnet."

Additional Information:

• Why Add Bancor Mainnet to MetaMask?Adding Bancor mainnet to MetaMask will allow you to interact with the Bancor DEX, trade BNT tokens, and participate in staking and liquidity mining.
• Trading on Bancor DEX:Once you've added Bancor mainnet to MetaMask, you can connect to the Bancor DEX and trade various cryptocurrencies directly from your wallet.
• BNT Token:BNT is the native token of the Bancor platform. It is used for paying transaction fees, staking, and participating in governance.
• Security Considerations:Always ensure you're adding the correct network details. Adding incorrect information can lead to potential loss of funds. Regularly update MetaMask and only interact with reputable protocols.