How to Buy Derify Protocol Crypto (DRF)
What is Derify Protocol Crypto?
According to Coingecko, Derify Protocol is : What Is Derify Protocol (DRF)? Derify protocol is an innovative decentralized derivative trading protocol. Traders can trade with 10x leverage on exchanges based on this protocol. Derify protocol enables anyone to create any derivatives freely. It supports all types of derivatives. Based on the very nature of derivatives and margin trading, Derify protocol introduced two innovative mechanism: hAMM (Hedged Automated Market Making) and position mining. DRF is the native utility token that is used for: - Voting and Governance participation - Staking for eDRF, which makes you eligible to be a broker. -Earn trading fees by way of token buyback etc How Many DRF tokens Are There in Circulation? At the launch of IDO there will be 900,000 DRF in circulation out of a total supply of 100,000,000 DRF Who Are the Founders of Derify Protocol? Derify team consists of experienced quantitative-traders, blockchain engineers and professional service providers. Our team has been providing quantitative trading and market making service for almost 5 years. We are top market maker for exchanges including Binance, Huobi, Okex, Mxc, providing liquidity for different cryptos and managing thousands of bitcoins. The team has profound knowledge of crypto derivatives and trading. Our technical team has developed multiple blockchain projects in the past, with deep knowledge in public chains, smart contracts and layer 2 solutions. Derify also has a decentralized operation team that working from Europe, Singapore and China. Where Can I Buy Derify Protocol (DRF)? DRF is available for trading on a growing number of exchanges, such as Pancakeswap, Apeswap, DODOex.
Where can I buy DRF Crypto?
You can buy Derify Protocol on PancakeSwap.
Why should you buy Derify Protocol?
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.
Derify Protocol 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 Derify Protocol 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/
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.
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 Derify Protocol on PancakeSwap with BNB
Before we head over to PancakeSwap, we need to prepare your Metamask Wallet to receive DRF. 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 DRF.
You can check the price of Derify Protocol, and confirm the Token Contract address on Coingecko.
Let's buy some DRF!
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: 0x89c1af791d7b4cf046dca8fa10a41dd2298a6a3f
Now you have to select the amount of BNB you want to trade for DRF. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your DRF should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Derify Protocol!
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 Derify Protocol links: