In this post we are going to see how you can buy Wonderland without paying high commissions. Currently, it is not listed on any exchange, but you can get it through the DEFI Trader Joe exchange. If you don’t know how, let’s see it here.
If you want to know more about this cryptocurrency, later we are going to see what Wonderland (TIME) is so you can learn more about this cryptocurrency before buying it. Also, remember that you will need to set up the Avalanche network to your metamask wallet.Â
Where to buy Wonderland
To buy Wonderland, 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 AVAX or the cryptocurrency you want, to exchange it for the Wonderland token. Next we are going to see a step by step if it is the first time you use a wallet and the Avalanche network.Â
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
If you already have in your metamask Avalanche wallet to pay for commissions, less than a dollar, you are simply going to have to go to trader joe, and copy the TIME contract in order to find the token. You can find this on Coingecko by searching for Wonderland (TIME) or you can copy the contract from the Binance network just below:
0xb54f16fB19478766A268F172C9480f8da1a7c9C3
With this contract, you will be able to find the token, in from to exchange it for the cryptocurrency you want in trader joe. In addition to adding 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 trader joe 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 Wonderland. 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 buy AVAX. 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 Avalanche (AVAX). In my case, EUR/AVAX. Here go to the red sell button, and change your currency, in my case euros, for AVAX. We use AVAX because commissions on the Avalanche 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 AVAX in your metamask wallet to pay for commissions, less than $1. 10-15$ of AVAX is enough.
Once you have AVAX, 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 AVAX from Binance to Metmask. It is very important to specify the AVAX network (C-CHAIN), and the amount you want to withdraw. The commission is around 1$. Confirm that everything is correct and confirm the transaction.
Open your metamask wallet, and if you have the Avalanche network configured, the amount of AVAX you have transferred should appear in a few minutes. If you do not have the Avalanche network configured, I recommend you to look for how to configure the Avalanche network in Metamask, to be able to use it, without it, you will not be able to buy Wonderland.
With this done, we must go to trader joe. Here in from, we indicate AVAX and to, the Wonderland token. If you look for it, you may not be able to 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:
0xb54f16fB19478766A268F172C9480f8da1a7c9C3
With this, the Wonderland token should appear in order to be able to exchange.
Before clicking on swap, you will have to go to the settings wheel, Slippage tolerance and make sure it is set to 0.50% to avoid swapping your cryptocurrencies with large price fluctuations. You can change it at the top right of the wheel.
If you have the slipping tolerance at 0.50%, just click on swap, confirm swap and confirm the transaction in your wallet. After a few seconds you will be able to see your Wonderland in your wallet. Remember to add the token in metamask, copying the cryptocurrency contract to be able to see your Wonderland in your wallet. And you will be able to use Wonderland to play and earn money.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
What is Wonderland?
Wonderland is the first decentralized reserve currency protocol available on the Avalanche Network based on the TIME token. Each TIME token is backed by a basket of assets (e.g., MIM, TIME-AVAX LP tokens, etc.) in the Wonderland treasury, giving it an intrinsic value below which it cannot fall. Wonderland also introduces an economic and game-theoretic dynamic to the market through betting and minting.
Our goal is to build a policy-controlled monetary system, native to the AVAX network, in which the behavior of the TIME token! In the long term, we believe this system can be used to optimize stability and consistency, so that TIME can function as a global unit of account and a currency of exchange. In the short term, we intend to optimize the system for growth and wealth creation.
We intend to achieve a flat price for a representative basket of assets without the use of fiat currency, in order to allow the cryptocurrency industry to once and for all detach itself from the world of traditional finance.
There are two main strategies for market participants: staking and minting. Stakers stake their TIME tokens in exchange for more TIME tokens, while minters provide LP tokens or MIM tokens in exchange for discounted TIME tokens after a set vesting period.
The main benefit to stakers comes from supply growth. The protocol mints new TIME tokens from the treasury, most of which are distributed to stakers. Therefore, the gain for stakers will come from their autocompensation balances, although price exposure is still an important consideration. That is, if the increase in the chip balance exceeds the possible fall in price (due to inflation), the stakers would make a profit.
The main benefit to the minters comes from price consistency. Coiners commit capital up front and are promised a fixed return at a given point in time; that return is given in TIME tokens and, therefore, the coiner’s profit would depend on the price of TIME when it matures. Given this, minters benefit from an increasing or static price of the TIME token.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
