What is Goose Finance (EGG)?
Goose Finance is Yield farming project on the Binance Smart Chain. You can also follow our tutorial on how to stake Egg on Goose Finance.
How to Buy EGG Crypto?
Step 1 - Setting up a Metamask Wallet for Binance Chain
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.
Head over to metamask.io and click Download. You’ll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you’re using and install the extension.
You are now the Welcome Page of Metamask. Click on ‘Get Started.’ Now click on ‘Create a Wallet.’ Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don’t save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you’ll be asked to confirm it. Click on every word in the correct order, and you should be done.
Now since we are using the Binance Smart Chain, we’ll need to add the Network. I’ll go over this very quickly. If you need a more in-depth tutorial for this part, you can check out Binance’s tutorial right here.
Click on the upper right corner where you see the image and then click Settings. Select Networks and click on Add Network.
Fill out the boxes with this info:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Click Save, and now you have Binance Smart Chain installed on your Metamask.
Step 2 - Buy BNB on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy BNB and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for BNB, and click "Exchange", just like this:
Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Buy EGG on Goose Finance with BNB
Before we head over to Goose Finance, we need to prepare your Metamask Wallet to receive EGG. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Goose Finance (EGG).
You can check the price and confirm the correct token address of EGG on Coingecko.
Let's buy some EGG!
Go to Goose Finance. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to Goose Finance.
Click on Select Token, search "EGG" and select it.
This is what you should see now:
Now you have to select the amount of BNB you want to trade for EGG. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your EGG should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Goose Finance EGG!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Goose Finance's gear icon, and put 5% here:
Is Goose Finance a good investment?
Goose Finance is not a good long-term investment. Their farming and staking options lure investors with extremely high APR's but the tokens you're earning will decrease in price so much and so quickly that you will most likely lose money instead. In my opinion, Goose Finance is not a good investment and you should look into better and serious projects like Polkacover or Hbar.
Check out Goose Finance's links:
Please make sure you read our Disclaimer. We are not financial advisors.