How to Buy Echidna Crypto (ECD)
What is Echidna (ECD)?
According to Coingecko, Echidna is : Echidna Finance is the ultimate yield boosting protocol for Platypus Finance, Avalanche's native stableswap. We aggregate the Platypus token (PTP) from the community to build a vePTP (voting escrow PTP) treasury that anyone can leverage to boost their stablecoin yields. PTP contributors are rewarded with extra liquidity and income via our native ECD token. As a yield booster, Echidna emulates the simplicity and innovation that made Platypus Finance successful. We simplify and amplify yield farming on Platypus with: + Straightforward liquidity mining rewards distribution + PTP Flywheel tokenomics that are non-dilutive + Intuitive UI and quality of life upgrades The ECD token will give holders voting power over Platypus' voting gauge, similar to how CVX functions with CRV. Once Platypus voting gauges are enabled, Echidna will integrate voting power monetization into the dApp so that users can generate more income from our token.
Where can I buy ECD Crypto?
You can buy Echidna on Pangolin.
Why should you buy Echidna?
Echidna 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 Echidna 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 Avalanche Chain, we’ll need to add the Network. I’ll go over this very quickly. Just go over to https://snowtrace.io/.
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:Avalanche Network
- New RPC URL: https://api.avax.network/ext/bc/C/rpc
- Chain ID: 43114
- Symbol: AVAX
- Block Explorer URL: https://snowtrace.io/
Click Save, and now you have Avax installed on your Metamask.
Step 2 - Buy Avax on Simpleswap
Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy AVAX 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 AVAX, 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 Avax 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 Echidna on Pangolin with AVAX
Pangolin is one of the most famous decentralized exchanges in Avalanche.
Before we head over to Pangolin, we need to prepare your Metamask Wallet to receive Echidna. 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 Echidna( ECD).
You can check the price and confirm the correct token address of Echidna on Coingecko.
Let's buy some Echidna!
Go to Pangolin. 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 Pangolin.
Select a token and paste the Token contract address: 0xeb8343d5284caec921f035207ca94db6baaacbcd
Click Import and accept the terms.
Now you have to select the amount of AVAX you want to trade for ECD. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your ECD should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Echidna!
In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Pangolin's gear icon, and put 5% here:
Check out Echidna links:
Website: https://www.echidna.finance/
Twitter: https://twitter.com/echidna_finance
Telegram: https://t.me/echidnafinance
Explorer: https://snowtrace.io/token/0xeb8343D5284CaEc921F035207ca94DB6BAaaCBcd
Discord: http://discord.gg/YaH8yP4X3D
Please make sure you read our Disclaimer. We are not financial advisors.
