How to Buy Binance-Peg Ontology Crypto (ONT)

How to buy Binance-Peg Ontology Crypto

What is Binance-Peg Ontology Crypto?

According to Coingecko, Binance-Peg Ontology is : ONT-33D is a crypto asset pegged to Ontology (ONT) tokens on the Binance Chain and listed on Binance DEX, the decentralized exchange feature developed on top of the Binance Chain. ONT-33D is the BEP2 token backed by ONT at a 1:1 ratio. Ontology is a high-performance public blockchain and distributed collaboration platform. Architected in Asia with global teams, Ontology’s unique infrastructure supports robust cross-chain collaboration, Layer 2 scalability and includes a suite of decentralized identity (DID) and data sharing protocols to enhance the speed, security, and trust that are fundamental to enhanced global cooperation among businesses. These characteristics are particularly important for future global collaboration with on-chain and off-chain scenarios.

Where can I buy ONT Crypto?

You can buy Binance-Peg Ontology on PancakeSwap.

Why should you buy Binance-Peg Ontology?

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.

Binance-Peg Ontology is amongst the best projects on BSC.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 Binance-Peg Ontology Crypto?

Step 1 - Setting up a Metamask Wallet

Setting up metamask

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/

ChainID: 56

Symbol: BNB

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

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:

Buy BNB on Simpleswap

Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask BNB address. It should add it automatically.

Copy BNB address

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

Buy BNB 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 Binance-Peg Ontology on PancakeSwap with BNB

How to buy Binance-Peg Ontology on PancakeSwap

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

How to add Binance-Peg Ontology to metamask

Select Custom Token and paste this token contract address there:

0xfd7b3a77848f1c2d67e05e54d78d174a0c850335

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

You can check the price of Binance-Peg Ontology, and confirm the Token Contract address on Coingecko.

Let's buy some ONT!

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: 0xfd7b3a77848f1c2d67e05e54d78d174a0c850335

Select it.

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

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

Congratulations! You are now a proud Investor of Binance-Peg Ontology!

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

How to Set slippage on PancakeSwap

Check out Binance-Peg Ontology links:

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