In this post we are going to see how you can buy Flokinomics 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 Flokinomics is so you can learn more about this cryptocurrency before you buy it.
Where to buy Flokinomics
To buy Flokinomics, we are going to use Binance and 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 Flokinomics token. Below you can watch a step-by-step video to get rid of any doubts.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
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 Flokinomics contract in order to find the token. You can find this on Coingecko by searching for Flokinomics or you can copy the contract from the Binance network just below:
0x97ea5efdcb5961a99ba5c96123042507c0210ec1
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.
Platform: Gate.io
Min. Deposit: $10
License: Cysec
New cryptocurrencies (ICO’s)
Growing exchange
Step by step
Let’s see in more detail how you can buy Flokinomics. 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 and 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 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 Flokinomics.
With this done, we must go to pancakeswap. Here in from, we indicate BNB and to, the Flokinomics 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:
0x97ea5efdcb5961a99ba5c96123042507c0210ec1
With this, the Flokinomics token should appear in order to be able to exchange.
Before you click on swap, you are going to have to go to the settings wheel, Slippage tolerance and set 12%. This is because this cryptocurrency charges a 10% commission, 5% is burned and 5% goes to people who have Flokinomics. So if you buy Flokinomics, you’re going to see the amount you have increase just by having it in metamask.
With the 12% 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 Flokinomics to see the amount of cryptocurrencies reflected in your wallet. With this, you will be able to have Flokinomics and accumulate this cryptocurrency without doing anything. If you don’t have an account with binance, you can create one just below.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
What is Flokinomics?
The best replenishment token known to man.
2% for the team and developers
2% is distributed between the team and the developers.
Doge 5% rewards
Let’s be honest $Doge is one of the best currencies to receive rewards due to the fact that it’s extremely environmentally friendly when it comes to carbon footprint!
Liquidity is 3%.
3% will be added to the liquidity
An elastic supply token (or rebase) works so that the supply in circulation expands or contracts due to changes in the price of the token. This increase or decrease in supply works with a mechanism called an overflow. When an overflow occurs, the supply of the token increases or decreases algorithmically, based on the current price of each token.
In a sense, elastic bid tokens can be compared to stable coins. Their goal is to reach a target price, and this rebasing mechanic facilitates this. However, the key difference is that rebasing tokens aim to achieve this with a changing (elastic) bid. $FLOKINOMICS differs by having an increasing base price, an upcoming one. Tokens with elastic bid work differently. As mentioned, the reset mechanism adjusts the supply of tokens in circulation periodically. Let’s say we have an elastic bid token that aims to reach a value of 1 USD. If the price is above 1 USD, the rebasing increases the current supply, reducing the value of each token. Conversely, if the price is below 1 USD, the re-base will decrease the supply, making each token worth more.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
