What is WYNAUT Crypto?
WYNAUT is simply a reflect token, working on the Binance Smart Chain. This means every transaction fee is split with all the token holders. Each transaction has a 3.6% fee. The 1.8% is distributed among token holders; the remaining 1.8% will be burned to decrease the circulating supply. This means you'll earn WYNAUT tokens by simply holding it.
How to Buy WYNAUT Crypto?
Step 1 - Setting up a Metamask Wallet for Binance Chain
Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.
Head over to metamask.io and click Download. You’ll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you’re using and install the extension.
You are now the Welcome Page of Metamask. Click on ‘Get Started.’ Now click on ‘Create a Wallet.’ Choose a strong password for your Metamask wallet and continue.
Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.
Click on reveal your backup phrase and write every word down on paper. Make sure you don’t save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you’ll be asked to confirm it. Click on every word in the correct order, and you should be done.
Now since we are using the Binance Smart Chain, we’ll need to add the Network. I’ll go over this very quickly. If you need a more in-depth tutorial for this part, you can check out Binance’s tutorial right here.
Click on the upper right corner where you see the image and then click Settings. Select Networks and click on Add Network.
Fill out the boxes with this info:
Network Name: Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Block Explorer URL: https://bscscan.com
Click Save, and now you have Binance Smart Chain installed on your Metamask.
Step 2 - Buy BNB on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy BNB and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.Click here to access Simpleswap
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for BNB, and click "Exchange", just like this:
Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.
You can now choose between Google Pay or card to complete the payment:
Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in Metamask.
Step 3 - Buy WYNAUT on PancakeSwap with BNB
Before we head over to PancakeSwap, we need to prepare your Metamask Wallet to receive WYNAUT. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive WYNAUT.
Let's buy some WYNAUT!
Go to Pancakeswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it). Now you need to accept, connect, and your wallet should be connected to Pancakeswap.
Click on Select Token and paste this contract address: 0x067a5ad3f0f91acf512ffe66ea77f37b4dcaaf18
This is what you should see now:
Now you have to select the amount of BNB you want to trade for WYNAUT. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your WYNAUT should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of WYNAUT!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Pancakeswap's gear icon, and put 5% here:
Why should you buy WYNAUT?
Binance Smart Chain has been gaining a lot of traction lately. The main motivation for this is the very low fees that it offers. Ethereum gas fees are way beyond acceptable. I've seen transaction fees of 100$+ in Uniswap, and nobody wants to pay that. Ethereum 2.0 has been in the works for years now, and there is still no solution for these absurd gas fees on the Ethereum Network.
WYNAUT has been one of the most shilled tokens on 4chan's biz forum. It seems really speculative as of now, and I'm considering it a very risky bet. The token is not even listed on Coingecko by the time I'm writing this; you can consider that a sign that's it's still early to get in. WYNAUT seems perfect for a quick cash grab. I don't see it as a long term hold, so bear that in mind and plan your exit.
Please make sure you read our Disclaimer. We are not financial advisors.