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BSC Binance Smart Chain

Binance Smart Chain (BSC), launched in September 2020 by Binance, offers a high-performance, EVM-compatible blockchain designed for the mass market. XSHOT provides comprehensive trading features on BSC through PancakeSwap.

Overview

BSC operates on a Proof of Staked Authority (PoSA) consensus mechanism, combining the benefits of delegated Proof of Stake and Proof of Authority for efficient block production and validation.

  • Created by Binance, the world's largest cryptocurrency exchange
  • Supported by the BNB Chain ecosystem fund
  • Strong backing from CZ (Changpeng Zhao) and team
  • Significant institutional integration
  • Among top 3 blockchains by daily transactions
  • Multi-billion dollar TVL across DeFi protocols
  • Home to PancakeSwap, one of the largest DEXs
  • Strong retail user adoption

Key Advantages

  • Low Fees: Transactions typically cost cents
  • Speed: 3-second block time
  • Compatibility: Full EVM support
  • Accessibility: Easy fiat on/off ramps
  • Ecosystem: Rich DeFi and GameFi ecosystem

Trading Features

XCaller AI

Automated trading via XCaller AI is currently only available on Solana.

Supported DEXes

Current

Getting Started

XSHOT automatically creates a BSC wallet for you.

Setup Guide

  1. Select "BSC" in the bot interface
  2. Use the displayed deposit address
  3. Wait for confirmations (recommended: 2-3 blocks)

Gas Requirements

Keep sufficient BNB in your wallet for gas fees. Although fees are lower than Ethereum, you still need BNB for transactions.

Network Specifications

Metric Value Notes
Block Time ~3 seconds Fast finality
Transaction Fee $0.1-0.3 Low cost trading
Finality ~15 seconds Quick confirmations
Gas Token BNB Required for all transactions
Token Standard BEP20 ERC20-compatible

Performance Features

  • Smart gas price estimation
  • Transaction priority settings
  • Custom gas limits
  • Low fee environment
  • Anti-sandwich protection
  • Front-running mitigation
  • Slippage optimization

Support for bridging from and to any L1 soon. See Bridging Guide

Safety Features

Pro Tips

  • BNB Chain offers some of the lowest fees in DeFi
  • Use limit orders for better price execution
  • Monitor BscScan for network status

Important Notes

  • Always keep BNB for gas fees
  • Verify contract addresses on BscScan
  • Check token approval limits