The cryptocurrency market is growing each and every day. As it grows, new tokens and platforms join the market. Two of the most used platforms currently are decentralized autonomous organizations (DAOs) and decentralized exchanges (DEXs). Through these two types of platforms, the cryptocurrency space becomes even more decentralized. While DAOs are a form of distributing governing power throughout the community of a project, DEXs are slightly different. Through DEXs, everyone can begin selling custom tokens on a specific blockchain without the need to undergo any process.
The biggest decentralized exchange on the Binance Smart Chain (BSC) is PancakeSwap. Throughout this article, we will tell you where you can buy a token called Savanna. Before we get into that, however, let us take a look at the fundamentals of Savanna.
What is Savanna (SVN)?
So, what is Savanna? In short terms, Savanna is a BEP20 token that operates on BSC. Because of that, you can buy Savanna only on DEXs native to Binance Smart Chain, and PancakeSwap is one of them. The ticker of Savanna is SVN and you can view its chart on either PooCoin or DEXTools. To make the project more credible, the team of Savanna is public, doxxing themselves a while back. You can find more information on their website.
In essence, Savanna is a charity token that wants to introduce Africa to the wonders of blockchain. Per each transaction, a percentage of the transaction fee goes to the charity wallet which is public. These funds will then be used to donate to charities in Africa. Moreover, the team of Savanna claims that they want to show the world the good side of the crypto community by taking such action.
Investing in Savanna is as risky as investing in any cryptocurrency in the market, major or not. This is because the cryptocurrency market is volatile and unexpected. However, though, Savanna is still in its first stages. This means that it has a long way to go before it actually reaches its full potential. Because it is a low-cap token with potential, maybe investing in it for the long run is not such a bad idea.
How to Buy Savanna (SVN)?
Before we elaborate on the exchanges that support Savanna, let us briefly touch on how to buy this token. Well, because Savanna is not listed on any centralized exchange, you must use a decentralized exchange such as PancakeSwap to purchase it. However, though, it is highly impractical to fund a non-custodial wallet directly through a credit/debit card. Therefore, you should first purchase crypto on a centralized exchange and then send it to your wallet.
You can buy Savanna using the simple steps shown below:
Create an Exchange Account → Fund Your Account → Buy BNB → Create & Fund MetaMask Wallet → Connect Wallet → Buy SVN
Where to Buy Savanna (SVN)?
Unlike Bitcoin and Ethereum, Savanna is still very young and does not have the exposure it deserves. This fact is one of the reasons that Savanna is still not listed in any major centralized exchange. However, among other decentralized exchanges, you can find Savanna in one of the biggest decentralized exchanges in the market – PancakeSwap. As a matter of fact, PancakeSwap is the biggest DEX in the Binance Smart Chain.
SVN token address: 0x816cd1e0412943d1d3a1a1fdaee1809879c95e22
PancakeSwap
As mentioned before, you can purchase Savanna in PancakeSwap. Currently, PancakeSwap is the biggest decentralized exchange in the Binance Smart Chain. Moreover, it accounts for the most liquidity pools and market pairs in the BSC blockchain. The only issue with using decentralized exchanges is the fact that you must purchase BNB through a different method and then send them to a non-custodial wallet. Only then you can use them to purchase the token of your choice. Other than that, PancakeSwap is the most credible DEX in the Smart Chain network as of right now.
MDEX
You can also purchase Savanna using MDEX, a decentralized exchange operating in multiple networks. Other than the BSC, MDEX also supports blockchains such as Ethereum and Heco. Similar to other DEXs, you must first import SVN in the exchange in order to swap it. All you need to import the token is its token address which we provided earlier in the article. MDEX is amongst one of the most credible DEXs as well.
SafeMoon Swap
Moving on, we have SafeMoon Swap. The SafeMoon Swap is yet another decentralized exchange on BSC. When compared to PancakeSwap, they are still very young. However, they have managed to accumulate a large number of users in a very short time. This swap’s design is perfect for their token which many of you have already heard about – SafeMoon. To use SafeMoon Swap to purchase SVN, you need to use the SVN token address to import the token. After importing the token, you are all set to buy SVN.
BurgerSwap
BurgerSwap is similar to PancakeSwap. This DEX is specifically designed for the Smart Chain network. At the time of writing, BurgerSwap supports MetaMask, TrustWallet, MathWallet, TokenPocket, Binance Chain Wallet, WalletConnect, and ONTO Wallet. So, make sure to check the wallet you have your funds on before proceeding to use BurgerSwap. This applies to the other DEX as well. The process of importing the SVN token onto BurgerSwap is the same as in the other DEXs above.
Takeaways
- Buying specific tokens is harder than purchasing cryptocurrencies such as Bitcoin and Ethereum.
- Today, most new tokens begin their journey by opening liquidity pools on decentralized exchanges such as PancakeSwap.
- At the time of writing, PancakeSwap is the biggest DEX on Smart Chain.
- You can purchase Savanna (SVN) in several decentralized exchanges. However, the best exchanges to purchase this token are PancakeSwap, MDEX, SafeMoon Swap, and BurgerSwap.
- However, we suggest you use PancakeSwap to purchase Savanna because of its safety and efficiency.