How to Buy Cigarette Crypto (CIG)
What is Cigarette CIG?
According to Coingecko, Cigarette is : The Cigarette Token is a token issued by a part of the Cryptopunk community. Its goal is quite open yet and has to be determined by the whole PUNK community, but currently it is the token used in the social game of the $CIG webpage: There is a "CEO of Cryptopunks", and there can only be 1. His role is associated with a unique NFT on the Ethereum Blockchain, proving him to be the CEO, which changes from Ethereum address according to who is the new CEO. The way to become the new CEO is by paying the chosen amount X of $CIG presettled by the previous CEO. If this amount X is too low, then someone stealing his CEO position will be more likely. But if it were too high, then the tax that the CEO has to pay (0.1% of the amount X) would be too high and the deposit that the previous CEO had to put initially would run out faster. There is the game equilibrium. The "CEO of Cryptopunks" can write a Graffiti message in the web so that everybody can see it. They can also change the emission rate of $CIG by 20% each time, with a cooldown time of 2 epochs. It starts from 1000 $CIG emmitted per block, which is the maximum, and there is also a minimum emmision rate. The $CIG are emmitted to the LPers of the CIG-WETH pair in Sushiswap in a linearly proportional way, just as in any other liquidity mining program. It can also be considered a Christmas airdrop to the PUNK community, where each PUNK holder is gifted with 100k CIG per PUNK they hold. It is similar in spirit to the style of the $SOS token, but focused on the more specific PUNK community. Hopefully, the PUNK community revolves around it with time and may use it for a wider variety of purposes, like a more advanced game or a DAO. Due to the decentralized nature of the project, it is not possible yet to determine how will it evolve.
Where can I buy CIG Crypto?
You can buy Cigarette on Uniswap.
Why should you buy Cigarette?
Cigarette 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 Cigarette 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.
Step 2 - 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.
Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for ETH, 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 Cigarette 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 Cigarette. 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 Cigarette (CIG).
You can check the price and confirm the correct token address of Cigarette on Coingecko.
Let's buy some Cigarette!
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: 0xcb56b52316041a62b6b5d0583dce4a8ae7a3c629
Click Import and accept the terms.
Now you have to select the amount of ETH you want to trade for CIG. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your CIG should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Cigarette!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Uniswap's gear icon, and put 5% here:
Step 4 - Store Cigarette on Ledger
Check out our guide on how you can store Cigarette on Ledger's Hardware Wallet
Check out Cigarette links:
Please make sure you read our Disclaimer. We are not financial advisors.