In this post we are going to see how you can buy InfinitUp without paying high commissions. Currently, it is not listed on any exchange, but you can get it through the DEFI pancakeswap exchange. If you don’t know how, let’s see it here.
If you want to know more about this cryptocurrency, below we are going to see what InfinitUp is so you can learn more about this cryptocurrency before you buy it.
Where to buy InfinitUp
To buy InfinitUp, we are going to use Binance and the Metamask wallet, for me it is the best option, but you can also use other wallets if you don’t use Metamask. Binance is going to be used to buy BNB and USDT or the cryptocurrency you want, to exchange it for the InfinitUp token. Below you can watch a step-by-step video to get rid of any doubts.
If you already have Binance Coin in your metamask wallet to pay for commissions, less than a dollar, you are simply going to have to go to pancakeswap, and copy the InfinitUp contract in order to find the token. You can find this on Coingecko by searching for InfinitUp or you can copy the contract from the Binance network just below:
With this contract, you will be able to find the token, in from to exchange it for the cryptocurrency you want in Pancakeswap. You can also add the token in metamask and be able to see the amount you have once purchased.
It is currently listed on the exchange gate.io, which you can create your account below and buy without using pancakeswap in a simpler way.
Step by step
Let’s take a closer look at how you can buy InfinitUp. The first thing to do is to login to Binance, if you don’t have an account you can create one here. With your account, you must make a deposit to have funds to be able to buy BNB. You can deposit funds with your credit card, to have the balance directly and without having to wait.
With your first deposit, whether it is euros, dollars or another currency, you must go to markets, and look for your currency with respect to Binance coin (BNB). In my case, EUR/BNB. Here go to the red sell button, and exchange your currency, in my case euros, for BNB. We use BNB because the commissions on the Binance network are paid with this cryptocurrency, as happens with the Ethereum network with ETH. You can also buy USDT (Tether), but you must have a small amount of BNB in your metamask wallet to pay for commissions, less than $1. 10-15$ of BNB is enough.
Once you have BNB, you must click on the cryptocurrency, and click on withdraw. Go to your metamask, and click on the address, you will see that an address is copied when you click on it. You must enter this address in Binance to withdraw your BNB from Binance to Metmask. It is very important to enter the BEP20 network, and the amount you want to withdraw. The commission is 0,80$. Confirm that everything is correct and confirm the transaction.
Open your metamask wallet, and if you have the Binance network configured, the amount of BNB you have transferred should appear in a few minutes. If you don’t have the Binance network configured, I recommend you to look up how to configure the Binance smart chain network in Metamask, so you can use it, without it, you won’t be able to buy InfinitUp.
With this done, we must go to pancakeswap. Here in from, we indicate BNB and to, the InfinitUp token. If you look for it, you will not find it. In order to use it, you must copy the address of the contract and paste it. You can search for it in coingecko to see it, or you can copy it just below:
With this, the InfinitUp token should appear so that you can exchange.
Before you click on swap, you are going to have to go to the settings wheel, Slippage tolerance and put 13%. This is because this cryptocurrency charges a 12% commission, 6% is burned and 6% goes to people who have InfinitUp. So if you buy InfinitUp, you’re going to see the amount you have increase just by having it in metamask.
With the 13% marked, just click on swap, and confirm in your metamask the transaction. Now, you can go to your metamask, and add the token with the contract that you can find in coingecko or just above InfinitUp to see the amount of cryptocurrencies reflected in your wallet. With this, you will be able to have InfinitUp and accumulate this cryptocurrency without doing anything. If you don’t have an account with binance, you can create one just below.
What is InfinitUp?
The BEST Rebase token
InfinitUp ($IUP) is a R&R (Rewards & Rebase) token with a guaranteed minimum price
minimum price and BNB distributed as dividends directly into our holders’ wallets.
Our project is to create a totally new gaming ecosystem linked to cryptocurrencies and establish
to cryptocurrencies and establish $IUP for e-commerce transactions.
R&R : A virtuous circle.
R&R is the combination of two of the best mechanisms of cryptocurrencies: rewards and rebasing. We haven’t chosen them at random: they coexist
coexist in symbiosis and support each other to allow InfinitUp to have a consistency and a trajectory that benefits our entire community.
InfinitUp ($IUP) is an R&R (Rewards & Rebase) token with a guaranteed minimum price and BNB distributed as dividends directly into our holders’ wallets. Our project is to create an entirely new gaming ecosystem linked to cryptocurrencies and establish $IUP for e-commerce transactions.
This means that the total InfinitUp supply, including the amount of tokens in one’s wallet, is decreasing over time, after each action called a rebase.
A rebase, in the case of InfinitUp, is the act of reducing the total supply to ensure a continued higher price for our token. The chart will always trend upward.
Due to the rebasing mechanism described in the previous section. Let’s take an example to illustrate this.
Let’s say you have 2 $IUP tokens at $1 each and there are 100 $IUP tokens in existence, then the market cap is $100 and you own 2% of the total supply. After revaluation, there are 50 $IUP tokens and you own 1, but the price is $2. You still own $2 of $IUP tokens, you still own 2% of the total supply. If the marketcap rises to $200 you have double your investment.
Your tokens will never go to zero because of the way the rebasing is designed.
All you have to do is watch the marketcap when you buy. If the marketcap is going up, the value of your token will go up. If the marketcap is going down, the value of your stock will go down. It’s as simple as that.
If you didn’t look at the marketcap when you invested, you can calculate the initial marketcap of your purchase. If you bought $10 of $IUP tokens, and now you have $20 of them at 1M MC, it means that your initial marketcap was /2 lower than your current marketcap. Your initial MC was 500k.