The token from Buying.com is called $BUY and resides on the Algorand Blockchain.This guide describes the steps to prepare your wallet to receive the $BUY tokens
Are you participating in the Buying. com launchpad? Read through this guide to ensure that your wallet can receive the tokens after distribution.
The token from Buying.com is called $BUY and resides on the Algorand Blockchain. Algorand works with a mandatory Opt-In principle therefore there are some important steps needed to ensure that your wallet can receive your new tokens. This guide describes the steps to prepare your wallet to receive the $BUY tokens.
What do you need?
An Algorand Wallet.
Our suggestion is MyAlgo Wallet . (Steps: Click on “Access Now”, Review T&C, Create Password, Click “New Wallet”, Review & store your Mnemonic Phrase in a safe place (never share! ), Verify Phrase, Give a name to your wallet, Click “Create Wallet”, Enter your Password, and you’re done!
A small balance in ALGO tokens.
The gas token from Algorand is called ALGO. Make sure you have ALGO in your wallet to pay for opt-in gas fees and token reservation. You can find the ALGO trading pairs on the CoinGecko Markets page . The Opt-In gas fee is going to be low (approximately 0.001 ALGO) but you also need a minimum amount of ALGO’s in your wallet to keep it active. That is 0.1 ALGO per token, including for the ALGO token itself. If you just have ALGO tokens in your wallet and want to receive $BUY we recommend a minimum balance of 0.3 ALGO.
This manual action is needed for your wallet to receive and interact with the $BUY tokens and is done through the ‘Algorand MyAlgo Connect’ service.
MyAlgo Connect is a service that allows you to securely review and sign Algorand transactions. It allows Algorand applications and tokens to use your MyAlgo Wallet and interact with the Algorand blockchain in a secure environment.
Follow the 3 steps below to prepare your wallet to receive the $BUY token.
Opulous is set to collaborate with TrustSwap for their upcoming ASA $OPUL token offering on June 30th 2021 starting at 9:00 AM PST.
OPULOUS is the world’s first platform bringing Decentralized Finance to the music industry. The project will provide a launchpad for the first copyright-backed Music NFTs, as well as DeFi loans that would change the way artists access funding.
The platform will offer users the option of choosing Ethereum or Algorand as a blockchain for their tokens. In conjunction with Algorand, Opulous is building a bridge that will facilitate transfers between the two blockchains.
Meanwhile, partnerships and agreements are being established with major exchanges to support their multichain ETH/ASA $OPUL token. Users will be able to deposit ETH tokens, then withdraw ASA tokens, and vice versa.
The Opulous platform has three main functions:
Opulous Music NFTs are a new form of Non-Fungible Token that entitles holders to a share of a song’s future royalty earnings, and other exclusive rewards, in exchange for social media support.
Opulous peer-to-peer DeFi loans cut out traditional banks, middle-men, and major labels, allowing artists to access up-front cash based on the predictable royalties they generate over 12 months.
The Opulous Ecosystem
Opulous is the first platform to launch copyright-backed Music NFTs. Unlike other NFTs, Opulous tokens offer holders a share in the music’s future royalty earnings alongside exclusive rewards and fan experiences.
Whoever owns these groundbreaking NFTs will get paid every time the song is played on Spotify and other major music services. That also means their value can increase as an artist’s career progresses.
Fans and investors will not only receive royalty payments, but also be able to unlock other exclusive rewards such as backstage passes, gig tickets, and merchandise, simply by sharing the music on social media.
NFT owners can also track and withdraw their earnings directly from their Opulous account and trade their NFTs on the upcoming Opulous NFT Exchange.
The Opulous NFT Exchange creates a new sharing economy based on music where anyone can buy and trade copyright-backed Music NFTs to earn a share of the royalties generated.
For example, a music fan could find an underrated song they know is going to become more popular over time.
They can buy it as an Opulous NFT, support an upcoming artist right from the start of their career and earn ever-increasing rewards as the track becomes more valuable while gaining popularity.
Opulous offers low-risk DeFi loans backed by real-world music assets and future royalties.
Despite earning a stable royalty income, too many artists are turned away by traditional banks or forced into unfair deals with major labels.
By evaluating an artist’s royalty reports from previous years, Opulous can accurately predict how much money the artist will generate over the next 12 months and offer this amount as a loan.
On the other side, investors can stake their crypto assets on the platform to generate high returns. Unlike most DeFi platforms, Opulous loans are always backed by predictable music assets vetted by the expert team, which greatly reduces risk on investment. In order to avoid loan defaults, Opulous will hold the copyrights used as collateral until the full amount is paid back.
Transactions within Opulous will use the platform’s native $OPUL token, which has a fixed supply and can be purchased through multiple decentralized and centralized exchanges. Users will also be able to purchase NFTs directly using credit or debit cards.
Users can stake $OPUL tokens in high-interest lending pools. Token holders will also receive special discounts on certain transactions as well as exclusive access to NFT drops from major artists.
Opulous Team and Advisors
Opulous has attracted a senior team and board of expert advisors from across the music and crypto worlds.
Opulous(OPUL) Token Offering Details
$OPUL – Secure Launch Process
To guarantee a smooth and secure launch, Opulous has agreed to:
Have their domain fully SSL certified one week prior to the presale date.
Have their domain protected by Cloudflare and share proof with TrustSwap one week prior to the presale date.
Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
Add no less than $200,000 liquidity on DEX immediately upon listing.
Distribute tokens to launchpad participants within one hour of DEX listing using multisend.io.
Provide the timeline for token distributions, and distribute tokens within a one hour window of the agreed upon time.
Have at least one community moderator on each social platform (Discord, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch on DEX.
OPUL tokens – Participation and Allocation
Anyone can apply to participate in the $OPUL token offering as long as they’re eligible in their given territory, including those outside the TrustSwap ecosystem. However, application does not guarantee an allocation.
If the $OPUL token offering is over-subscribed priority will be given to the TrustSwap community as follows:
Anyone with over 4,000 SWAP staked or a SwapScore over 2500 when the launch begins (Snapshot is at 9 AM PST on June 30th, 2021) will be given a guaranteed allocation based on the tiers in the table below.
2. Complete the necessary steps and verify your identity.
3. The portal will close once 24 hours have elapsed. There will be a waiting period of up to 48 hours as the Opulous team finalizes internal processes.
4. If your application is successful, you will receive an email indicating how much you are able to contribute to the token offering. You will have 24 hours to send the funds or your position will be given to the others.
What Should I Do to Prepare for the Opulous ($OPUL) token Offering?
Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens here before the deadline mentioned above.
Take a photo of your government issued ID card (Passport, Drivers License, or any other form of government issued ID card that has your photo in it).
Take a selfie of yourself holding the ID card along with a note that reads: “Opulous 30th June 2021”.
Anyone not domiciled in the USA or UN sanctioned countries can participate in the Opulous token sale.
*The eligible countries list is selected by Opulous . If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.
** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. Opulous is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.
Cryptocurrencies are often blamed for significant environmental damage, no matter the progress already being made in that sphere. Making the world a greener place hasn’t been a once-in-a-while shot for TrustSwap but rather a continuous, evergreen effort. Our partnership with the Eden Reforestation Project has been one of the ways to support this cause.
Eden Reforestation Projects is a 501(c)3 non-profit organization that began operations in 2005 with a simple mission: Plant Trees. Save Lives.
Eden has developed an efficient model for reforestation with nurseries set up in Madagascar, Haiti, Nepal, Indonesia, Mozambique, Kenya, Nicaragua, and Honduras and planted more than 500 million trees across its project nations with approximately 20 million trees added each month!
They achieve this by using the contributions received to open nurseries in deforested regions and pay impoverished communities a living wage to plant seedlings of native trees and nurse them to maturity (~10 years). This synergistic cycle helps nurture and revive both the forests and the communities that depend on them.
Today we are delighted to announce a new level of support for Eden. Every month, the SaveTheWorld project will host a charity livestream for Eden and donate BNB on behalf of TrustSwap to the Eden Reforestation Project. With a cost of only ten cents per tree, we are assuring an on-going endeavor to continually plant trees and raise them to full maturity while also employing people in developing areas. The deal is being inked for the next twelve months and we can’t wait to report the number of trees planted by this time next year!
SaveTheWorld ($SAVE) is a hyper-deflationary charity token that allows for frictionless rewards while taxing and generating fees per transaction. For each transaction, a 10% tax is charged. 2% will be distributed amongst SaveTheWorld token holders providing frictionless yield rewards and the remaining 8% goes to liquidity.
50% of liquidity generated will be removed each day with 100% of the $BNB going to charity and 100% of the $SAVE tokens burned forever. SaveTheWorld is using a Gnosis Multi-Signature Wallet to handle the donations in a transparent way.
Please read more about Eden Reforestation Project and learn how you can get involved or donate directly at: https://edenprojects.org/.
To know more about the SaveTheWorld charity initiative powered by the $SAVE token, visit savetheworld.health.