How to Buy BetaCarbon Crypto (BCAU)

How to buy BetaCarbon Crypto

What is BetaCarbon BCAU?

According to Coingecko, BetaCarbon is : BCAU token represents 1kg of Australian Carbon Credit Units (ACCUs). ACCUs are carbon credits issued by the Clean Energy Regulator of the Australian Government. The BCAU token is the only token backed by ACCUs and is focused on maintaining high integrity carbon. It was created to allow the public to purchase ACCUs as an investment opportunity, opening up access beyond wholesale clients. BetaCarbon was founded by Guy Dickinson in November 2021, who previously served as the Head of Global Markets and Treasurer of HSBC Australia. Seeing an opportunity in carbon trading, Guy left HSBC and established BetaCarbon. Owning the BCAU token provides a twofold benefit. Firstly, it offers an investment opportunity in a previously restricted asset class. Secondly, it contributes to real-world change by reducing the supply of ACCUs available to major CO2e emitters in Australia. This forces emitters to either change their practices to comply with emissions caps or purchase credits at a higher price due to lower ACCU availability. For typical consumers, the BCAU token serves solely as an investment. The tokens are minted as more ACCUs are held by BetaCarbon's custodian, increasing the notional amount of ACCUs held for the BCAU token. It's important to note that despite fluctuations in the total supply of BCAU tokens, they remain 100% notionally backed at all times. Changes in supply do not impact individual holdings. The tokens can be bought, traded, or accumulated to balance emissions. By purchasing BetaCarbon tokens, the demand for carbon credits increases, incentivizing new carbon projects and making emissions more expensive. BetaCarbon offers the opportunity to buy, hold, and trade digitized representations of high-quality carbon credits, contributing to the transition to a low-carbon economy. Australia's approach to carbon markets differs from others. Emissions-intensive activities do not require permission. Instead, certain companies have obligations to offset emissions a

Where can I buy BCAU Crypto?

You can buy BetaCarbon on Uniswap.

Why should you buy BetaCarbon?

BetaCarbon 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 BetaCarbon Crypto?

Step 1 - Setting up a Metamask Wallet

How to setup 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.

Step 2 - Buy Ethereum on Simpleswap

Buy Ethereum on Simpleswap

Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH 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 ETH, and click "Exchange", just like this:

Buy Ethereum on Simpleswap

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.

Buy Ethereum on Simpleswap

You can now choose between Google Pay or card to complete the payment:

Buy Ethereum on Simpleswap

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 BetaCarbon on Uniswap with ETH

Buy BCAU on Uniswap with ETH

Uniswap is currently the number one Decentralized Exchanged in the world, and it's simply the best place to buy cryptocurrencies that aren't available on sites like Coinbase or Binance.

Before we head over to Uniswap, we need to prepare your Metamask Wallet to receive BetaCarbon. Open Metamask, scroll all the way down, and click here:

Add BCAU token to Metamask

Select Custom Token and paste this token contract address there:

0xa64efd5fe826f62e310a951332b519e1e3871489

The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive BetaCarbon (BCAU).

You can check the price and confirm the correct token address of BetaCarbon on Coingecko.

Let's buy some BetaCarbon!

Go to Uniswap. 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 Uniswap.

Select a token and paste the Token contract address: 0xa64efd5fe826f62e310a951332b519e1e3871489

Click Import and accept the terms.

Now you have to select the amount of ETH you want to trade for BCAU. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.

Wait a few minutes, and your BCAU should appear on your Metamask Wallet.

Congratulations! You are now a proud Investor of BetaCarbon!

In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Uniswap's gear icon, and put 5% here:

Adjust slippage on uniswap

Step 4 - Store BetaCarbon on Ledger

Check out our guide on how you can store BetaCarbon on Ledger's Hardware Wallet

Check out BetaCarbon links:

Please make sure you read our Disclaimer. We are not financial advisors.

logo

© Copyright 2024 | The Crypto Gem | All Rights Reserved |