How to Buy Axelar USDC Crypto (AXLUSDC)
What is Axelar USDC (AXLUSDC)?
According to Coingecko, Axelar USDC is : What is the project about? axlUSDC is a wrapped, multi-chain representation of USDC, a dollar stablecoin. For each unit of axlUSDC, there is a unit of USDC locked in an Axelar Gateway on Ethereum. axlUSDC is secured by a dynamic validator set running delegated Proof-of-Stake, which holds key shares in the Axelar Gateways via multi-party cryptography. Acquire axlUSDC in three ways: Swap via liquid pairs on any of the DEXs listed here. Swap via Squid, a cross-chain liquidity router built on Axelar. Mint via Satellite, a cross-chain bridge built by Axelar What can your token be used for? USDC is the ticker for USD Coin. It's a stablecoin, pegged to the US dollar, issued by Circle, a US company. So, what is axlUSDC, why do we need it, and how can you get it? This post will briefly explain. USDC is issued on Ethereum – but dApps and users in other ecosystems also value the stablecoin's properties. Many of them use axlUSDC, a wrapped version of USDC that can travel between chains, as a multi-chain stablecoin. In brief, axlUSDC is generated via cross-chain bridges. These dApps accept a deposit of USDC at an Axelar Gateway on Ethereum, and mint an equivalent amount of axlUSDC on the destination chain (minus fees). Two key points to understand what axlUSDC is and how it can be used: For every unit of axlUSDC, there is a unit of USDC locked in a Gateway on Ethereum. Once minted, axlUSDC can flow from chain to chain, without going back through Ethereum. Gateway addresses on various EVM chains and the token addresses of axlUSDC on various chains are listed in the Axelar docs, here.
Where can I buy AXLUSDC Crypto?
You can buy Axelar USDC on crypto on SpookySwap
Why should you buy Axelar USDC?
Axelar USDC is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.
How to Buy Axelar USDC Crypto?
Step 1 - Setting up a Metamask Wallet
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 Fantom Chain, we’ll need to add the Network. I’ll go over this very quickly. Just go over to https://ftmscan.com/.
Bottom right corner click here:
Accept everything on your Metamask and you should have your Fantom Network configured and the network switched to it.
Alternatively you can add the network manually like this:
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: Fantom Opera
- New RPC URL: https://rpc.ftm.tools/
- Chain ID: 250
- Symbol: FTM
- Block Explorer URL: https://ftmscan.com/
Click Save, and now you have Fantom installed on your Metamask.
Step 2 - Buy Fantom on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy FTM and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for FTM, 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 Fantom 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 Axelar USDC on SpookySwap with FTM
SpookySwap is currently one of the best Decentralized Exchanged for the Fantom Chain.
Before we head over to SpookySwap, we need to prepare your Metamask Wallet to receive Axelar USDC. 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 Axelar USDC( AXLUSDC).
You can check the price and confirm the correct token address of Axelar USDC on Coingecko.
Let's buy some Axelar USDC!
Go to Spookyswap. 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 SpookySwap. Make sure your metamask says Fantom on the top.
Select a token and paste the Token contract address: 0x1b6382dbdea11d97f24495c9a90b7c88469134a4
Click Import and accept the terms.
Now you have to select the amount of FTM you want to trade for AXLUSDC. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your AXLUSDC should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Axelar USDC!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on SpookySwap's gear icon, and put 5% here:
Check out Axelar USDC links:
Please make sure you read our Disclaimer. We are not financial advisors.