How to Buy Coinflect Crypto (WCFLT)
What is Coinflect Crypto?
According to Coingecko, Coinflect is : What Is Coinflect (CFLT)? Coinflect is a developing layer one blockchain that functions as a platform for decentralised applications and custom networks. This is made possible by Coinflect’s architecture consisting of three distinct blockchains with all nodes validating transactions: CX-Chain, CE-Chain and CC-Chain. Each chain possesses a different consensus mechanism based on its use case. Coinflect will be the most recognized and feasible way to bridge assets and migrate to multiple chains through bridging on DeFi. Coinflect is developing its own ecosystem of DApps. Different Ethereum-based projects such as dApploy are being integrated within the Coinflect network. Furthermore, the platform is always improving utility between its own ecosystem and Ethereum. Coinflect Blockchains and Subnets Coinflect has three primary built-in blockchains: The Exchange Chain (CX-Chain) The CX-Chain uses directed acyclic graph (DAG) technology to send and receive funds on the Coinflect network. Transaction fees are fixed in CFLT, and the CX-Chain provides speed benefits over the Platform Chain (CE-Chain). The Platform Chain (CC-Chain) Used for staking CFLT and facilitating validator activities. Users can become a validator or defer to one to collect their CFLT rewards on the Contract Chain (CC-Chain). The Contract Chain (CE-Chain) The Contract Chain is the chain used for smart contract and DeFi apps. Most of Coinflect DApps are housed here and compatible with MetaMask. These three networks are secured and validated by a special subnet called the Primary Network. All custom subnets need to validate on the Primary Network by staking minimum amounts set by the network. Coinflect subnets or subnetworks, are dynamic sets of validators working together to achieve consensus on the state of a set of blockchains. Every blockchain is validated by one subnet, whereas one subnet can validate various blockchains. Validator nodes can be a member of multiple subnets.
Where can I buy WCFLT Crypto?
You can buy Coinflect on PancakeSwap.
Why should you buy Coinflect?
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.
Coinflect 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 Coinflect 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 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
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 BNB 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 Coinflect on PancakeSwap with BNB
Before we head over to PancakeSwap, we need to prepare your Metamask Wallet to receive WCFLT. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0xc73d9b9616e855df4a0b32c3f1ef2ed5dc9c1990
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive WCFLT.
You can check the price of Coinflect, and confirm the Token Contract address on Coingecko.
Let's buy some WCFLT!
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: 0xc73d9b9616e855df4a0b32c3f1ef2ed5dc9c1990
Select it.
Now you have to select the amount of BNB you want to trade for WCFLT. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your WCFLT should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Coinflect!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Pancakeswap's gear icon, and put 5% here:
Check out Coinflect links:
