In this post, we are going to see how you can buy DeRace in a simple way, even if you are totally new to the crypto world. No hassle, so you can have this cryptocurrency in just a few minutes.
DeRace is on the Ethereum network, and you can also buy it using an Ethereum network DEFI Exchange like Uniswap, and a wallet like metamask. Although luckily, there are other options to invest in this cryptocurrency and make it simpler, without the need to use wallets or decentralized exchanges.
Where to buy DeRace
In this case, we will use two platforms or exchanges, Binance and gate.io, which we will need to buy this cryptocurrency. Just below you can create an account if you don’t have one yet, and follow all the steps. You can find a video or look for a video in our Blockchain Es channel that I leave you here, to see how to buy step by step, if you do not find this cryptocurrency, you can look for another one and the steps will be the same. Even so, let’s see the step by step now in this post so you don’t get lost at any time.
Step by Step
DeRace can be found in few platforms or exchanges at the moment, and another way to buy it is using a DEFI exchange like Uniswap and a wallet like metamask. Although this can be a good way, if you are new or have little experience using DEFI wallets and platforms, the best way is to use the two exchanges that we have discussed and that we are going to see now the step by step.
The first thing we need to do is to deposit funds in our gate.io account, which is where we will be able to buy the cryptocurrency. In order to have funds in gate.io, the best option is to send them from another Exchange, since the platform does not yet have the option to buy cryptocurrencies by credit card or transfer. For this, the best option is to use binance, for its low commissions and easy usability, and I am going to send tether (USDT), since it is the cryptocurrency we are going to need to buy DeRace.
In my case, I already have USDT in my binance account, if you don’t know how to buy it, go to markets or markets, FIAT markets. Here, look for your currency with respect to USDT, let’s say you have deposited euros, we will look for EUR/USDT. In case you have another currency, look for the currency against USDT. Click here, and go to the red sell button. Here, we indicate the amount we want to exchange our currency for USDT, and click on sell or sell. In this way, you have already exchanged your currency for USDT.
With the usdt, go to wallet, spot wallet and click withdraw. On mobile, search for USDT and click on withdraw.
Now we must go to gate.io, and go to deposit. Here, we click on the tron/TRC-20 network, as it has the lowest commissions and only costs one dollar commission. Copy the address and paste it into binance. Once in binance, enter the address, the tron network, trc-20 and the amount to withdraw the usdt. Confirm with your email and cell phone, and that’s it. Remember to always indicate the trc-20 network to save on commissions and not have any problems, both in Binance and Gate.io.
Now, let’s wait for the USDT to appear in your gate.io balance, it usually takes a few minutes until you can see them in your balance and start using them, it’s really fast. Once you can see them, go to my funds, search for usdt or tether and click on trade. If it is the cryptocurrency you have with more value in $, no need to search for it because it will already appear as the first one.
You will see the panel to buy and sell cryptocurrencies, here, we will look for DERC, and you will see that the pair DERC/usdt appears. We go down and indicate the amount we want to buy DeRace. Here, if you want to use all your usdt, just click on the number above and the total will be displayed. At the top of Price you will see the current price of the cryptocurrency. With the amount indicated, just click on the buy button.
Now, you will have DeRace in your hands, and in order to verify it, we will go again to my funds to see the amount you have. If you want to sell it later or later, we must return to the same panel above, but this time we will go to the red sell button. We indicate the amount we want to sell, and click on sell. Thus, you can have USDT again and send them to binance to withdraw them to your bank account. Also, you can withdraw your cryptocurrencies from gate.io to your wallet if you feel more confident with it, by clicking on withdraw and following the steps we have seen in binance, but in gate.io and indicating the address of your wallet.
What is DeRace?
We’re setting a new standard for the gaming and betting industries!
DeRace is a complete NFT horse racing ecosystem where you can participate in horse racing, breed NFT horses with unique features, build your own NFT racetrack and profit while doing it.
VERIFIABLE AND TRANSPARENT
Creating a new standard for gambling and betting.
Unlike in the real world, all DeRace horse racing and betting is proven by the blockchain-verifiable RNG, leaving no room for the shadow of a doubt.
FOCUSED COMMUNITY PROFIT
Become a bookmaker with DeRace. The community controls betting on their own racetracks.
Most gaming and betting platforms focus solely on player losses, and DeRace is here to change that.
NFTS WITH A PURPOSE
DeRace is breathing new life into the static NFT market by allowing players to fully interact with their DNA-enriched NFT horses and have full control over their racetracks.
In addition, an ETF will be issued. Which will act as a basket of many horses. Cash flow generation and accurate pricing.
DeRace is introducing a never-before-seen twist on NFTs: DNA-enriched NFT horses and community-owned NFT racetracks that players can fully interact with.
Unique horses that differ in both their traits (rarity, performance, cooldown time) and their visual appearance
Genetics corresponding to NFT horses. Breeding via genetic algorithm and Ethereum smart contract.
Horse racing is based on RNG technology. Winner takes all participants’ odds and a % of bettors’ stakes.
Horse racing takes place at racecourses owned by bookmakers. Bookmakers make a profit from the odds and bets placed before the race.
Betting on races is transparent, calculations and coefficients are fully automated by an algorithm.
In-play horse market
NFT horses can be bought and sold in the DeRace market as well as in any other NFT market.
Underlying horses can be used within the DeRace ecosystem to generate cash flow, which will then be used to burn ETF tokens.
The ETF will reflect the live value of the underlying horses. It will have liquidity and therefore confidence for most crypto holders, along with a clear market price.
It will be distinctly deflationary as a means to highlight DeRace as one of the few NFT developments that is first and foremost a product, and that too with a business model.
DeRace is a combination of 3 booming multi-billion dollar markets, video gaming, betting and horse racing, all valued at over $700 billion.