How to Buy Decentralized Universal Basic Income Crypto (DUBI)
What is Decentralized Universal Basic Income (DUBI)?
According to Coingecko, Decentralized Universal Basic Income is : Purpose is a token built on the ERC-20 Token Standard that allows people to contribute to its altruistic objectives by holding it. Its primary feature is its ability to generate a second token called DUBI (Decentralized Universal Basic Income) that is supported by a large community of activists as well as an independent group of volunteer developers who work together towards increasing DUBI’s value, in preparation for eventually gradually distributing it among the world’s population. Distribution is to be facilitated on-chain with an allowance contract that grants each individual DUBI at a rate that can be set to equal that of the DUBI output of 1 to 100 Purpose, a process that also incorporates optional automated taxation for government compliance.
Where can I buy DUBI Crypto?
You can buy Decentralized Universal Basic Income on QuickSwap.
Why should you buy Decentralized Universal Basic Income?
Decentralized Universal Basic Income 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 Decentralized Universal Basic Income 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 Polygon Chain, we’ll need to add the Network. I’ll go over this very quickly. Just go over to https://polygonscan.com/.
Bottom right corner click here:
Accept everything on your Metamask and you should have your Polygon 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:
- Network Name:Polygon
- New RPC URL: https://polygon-rpc.com
- Chain ID: 137
- Symbol: MATIC
- Block Explorer URL: https://polygonscan.com/
Click Save, and now you have Polygon installed on your Metamask.
Step 2 - Buy MATIC on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy MATIC 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 MATIC, 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 Polygon 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 Decentralized Universal Basic Income on Quickswap with MATIC
QuickSwap is currently the number one Decentralized Exchanged in the Polygon Chain, 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 QuickSwap, we need to prepare your Metamask Wallet to receive Decentralized Universal Basic Income. 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 Decentralized Universal Basic Income( DUBI).
You can check the price and confirm the correct token address of Decentralized Universal Basic Income on Coingecko.
Let's buy some Decentralized Universal Basic Income!
Go to QuickSwap. 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 QuickSwap.
Select a token and paste the Token contract address: 0x950e1561b7a7deb1a32a6419fd435410daf851b0
Click Import and accept the terms.
Now you have to select the amount of MATIC you want to trade for DUBI. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your DUBI should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Decentralized Universal Basic Income!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on QuickSwap's gear icon, and put 5% here:
Check out Decentralized Universal Basic Income links:
Please make sure you read our Disclaimer. We are not financial advisors.