How to convert your BANANO (BAN) into BITCOIN (BTC): the XGO experience

Those who follow me know that I am an obsessive fan of BANANO since it was first seen on the market. I think that this project means a very good approach to what I call the anarchist lifestyle.

I've been a BANANOhodler since the first hour, back in 2018. A group of Nano contributors founded Banano as a joke in April 2018. Banano is a hard fork of Nano. The developers copied Nano's source code. BANANO uses Directed Acyclic Graph (DAG) Technology instead of Blockchain Technology. Each account has its own graph. BANANO uses open representative voting as a consensus mechanism. When you send BANANO, your device must solve an equation to show that it expended processing power. Most average computers can calculate the answer in a second or two.

There are many ways to get BANANO for free. Get on the site and go to the “Get BANANO” section. Participate in the Discord, Telegram, Twitter, and Reddit communities that are shown there, and start discovering what the money of the future is like.

There is also a Jungle TV platform where you can get BANANO for watching YouTube videos added by other users. The videos play in sync for everyone, making the experience similar to watching TV or a livestream.

There are several BANANO markets such as:

> Uniswap (V3) (Polygon) DAI/BAN

> SpookySwap (USDC/BAN)

> PancakeSwap (V2) BAN/BUSD

> CoinEx (BAN/USDT)

But I always preferred to receive them for free and instantly by participating in the jungle.

I was told many times that BANANO is a waste of time and does not mean any investment. Well, I've been told so many things since I started talking about BITCOIN that I've already lost my sense of wonder. I have a lot of fun playing and watching JungleTV. And on top of that I receive free BANs. I have spent long hours in many activities and groups, and have collected a very good amount of BANs and NFTs.

When I read a note about the BAN listing on XGO, an exchange unknown to me until then, I spent a couple of days analyzing the situation.

I discovered something very interesting.

If BANANO is very close to my lifestyle, I think XGO aligned in the same direction.

In XGO I read many things that I had already written in some previous posts. For example:

All the various efforts to disrupt things (talking about the current financial system), from neobanks to digital banks to P2P, ended uo just feelinng like they’re part of the same system. The reason is simple: because they´re still built on the same financial foundations. It´s the same track, just with a different train.

You may remember that several times I said that both neoliberalism and socialism are the two faces of the same coin that is called the Capitalist System. Both systems need a Feudal Lord called State that distributes the privileges among the corporations that support them and that in this way, the legislation is ensured so that they can prey on the planet without legal problems.

Unfortunately, cryptocurrencies today are being used to continue playing Wall Street and the promise of the American dream. Very few people realize the quantum leap that the disruption of blockchain technology and DLT in general means. At the moment, DeFi is quite similar to traditional finance and the damn banking industry, because they are mounted on the same “thinking operating system”, which is guided by speculation and enrichment, the faster the better.

However, jumping the fence and starting a new value distribution system is possible, as well as essential to change the current status of things, with this system that achieved that 1% of the world population has more than 80% of the wealth.

I read that and I liked not being alone. So I decided to go ahead.

My goal was to exchange some BAN for BTC for my weekly expenses.

And the experience with XGO was really very productive, successful, fast and seamless.

Let me tell you a couple of things about XGO.

First of all, the home screen has a remarkable aesthetic, very modern, minimalist, avant-garde, very much in keeping with what a web3 exchange would be, although, curiously, the XGO team defines this project as web2.5 (?!).

Second, there is a very interesting fee reduction table as trading volume increases. To operate, obviously, you have to go through the KYC process, which was very quick and easy.

But what caught my attention the most is the new concept for me of “Superfuid”. Superfulid means that you can use your assets even if you have them staked. You can send your coins to XGO, earn APY Rewards Daily, and continue to trade that asset simultaneously. XGO does not lock in your assets, because they manage bonding cycles, and you can deposit and withdraw whenever you choose to.

Really remarkable.

Here is the step by step of what I did.

1) I transferred BAN from my Kalium Wallet to XGO.

2) I transferred BAN to Spot inside the platform.

3) In Buy/Swap, I sold BAN for USDT.

3) In Buy/Swap I bought BTC with USDT.

4) I transferred BTC to my wallet.

In less than an hour, I received the BTC in my wallet.

Life is simple.

With the remaining USDT, I bought back BTC and put them into Superfluid. I expect my daily reward for doing so.

Why do some say that BANANO is not a good investment?

How would you define a “Good Investment”?

Having fun with a community that brings you closer to the twilight zone with its extreme creativity, getting paid instantly for it, and then being able to pay your expenses by trading your meme-tokens on a cutting-edge exchange, isn't that a good investment?

I think this is very similar to the economy that is coming, based on anarchy, in which everyone makes money by contributing to a project and using it for what they want, without asking anyone for permission.

If you don't have an XGO account, please consider making one with my referral link, we both win.

(This article was originally published on Publish0x)

Thank you for reading! Decentralize yourselves as much as you can, and much more! Work for yourselves, not for others. When you work for someone else, they pay you what YOUR POSITION is worth, when you work for yourself, they pay you what YOU are worth. No one achieves financial independence by working as an employee. Live long and prosper!

As usual, none of the things written in this post are financial advice and are not intended to replace personal research. My sole intention in writing this post is informative. Several of the things discussed here could be wrong, so in no way can this post be construed as financial advice, and in no way should it replace your own research.

If you have any questions or comments, please feel free to leave them down below

You can also contact me at gerardo.saporosi@gmail.com

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