How to Buy Creditum Crypto (CREDIT)

How to buy Creditum Crypto

What is Creditum (CREDIT)?

According to Coingecko, Creditum is : Creditum is another attempt at bringing a native stable coin to the fantom network. Creditum is a project from Revenant (formerly known as StakeSteak). This protocol uses over-collateralized deposits to mint debt tokens at a fixed interest rate, specifically cUSD (Creditum USD). Essentially, cUSD is meant to replace old fUSD with a new liquidation model that works. Creditum is a lending & borrowing protocol that allows users to mint cUSD, a stablecoin pegged at $1, by supplying collateral. By doing so, users are able to unlock more capital and use cUSD to earn yield on top of the assets they already own. Since Creditum requires an over-collateralization of deposits, each cUSD is backed by at least $1 of collateral. This allows users of the protocol to begin liquidating unhealthy positions in the event of market downturns, ensuring the solvency of cUSD, keeping it at $1. In other words, the assets used to mint cUSD are much greater than the liabilities, keeping the protocol solvent.

Where can I buy CREDIT Crypto?

You can buy Creditum on crypto on SpookySwap

Why should you buy Creditum?

Creditum 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 Creditum 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:

Add fantom to metamask

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:

Click Save, and now you have Fantom installed on your Metamask.

Step 2 - Buy Fantom on Simpleswap

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.

Click here to access Simpleswap

Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for FTM, and click "Exchange", just like this:

Buy Fantom on Simpleswap

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.

Buy Fantom on Simpleswap

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

Buy Fantom 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 Creditum on SpookySwap with FTM

Buy CREDIT on SpookySwap

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 Creditum. Open Metamask, scroll all the way down, and click here:

Add CREDIT token to Metamask

Select Custom Token and paste this token contract address there:

0x77128dfdd0ac859b33f44050c6fa272f34872b5e

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

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

Let's buy some Creditum!

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.

swap tokens on SpookySwap

Select a token and paste the Token contract address: 0x77128dfdd0ac859b33f44050c6fa272f34872b5e

Click Import and accept the terms.

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

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

Congratulations! You are now a proud Investor of Creditum!

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

Define slippage on SpookySwap

Check out Creditum links:

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

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