How to Buy mCoin Crypto (MCOIN)
What is mCoin Crypto?
According to Coingecko, mCoin is : Mcoin Chain seeks to build a new, distributed infrastructure of digital assets to form an improved, modern framework. And also seeks to link the present to the future, through the implementation of Blockchain technology. Mcoin Chain connects and exchanges value between different blockchain ledgers in a distributed manner. mCoin was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. mCoin provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The mCoin protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the mCoin Relay Chain (explained further down). mCoin’s native mCoin token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to connect parachains . mCoin has four core components: Realy Chain: mCoin’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum. Who Are the Founders of mCoin? mCoin is the flagship protocol of Web3 Foundation, a Swiss Foundation with a mission to facilitate an open-source, fully functional and user-friendly decentralized web. mCoin’s founders are Mr. Denis Shehu (CEO), Mr. Andrzej Adam(CMO), Mr. daniel Weiss, Mr. Robert Ciurkot(Global Head), Mr. Paul Smith. Mr. Denis Shehu (CEO), is a Thiel Fellow and accomplished blockchain and cryptography researcher and developer. Mr. Robert Ciurkot, is a Blockchain Developer and Mr. daniel Weiss, is an influencer. What Makes mCoin Unique? mCoin is a sharded multichain network, meaning it can process many transactions on several chains in parallel (“parachains”). This parallel processing power improves scalability. Custom blockchains are quick and easy to develop using the Substrate framework and Substrate blockchains are designed to be easy to connect to mCoin's network. The network is also highly flexible and adaptive, allowing the sharing of information and functionality between participants. mCoin can be automatically upgraded without the need for a fork in order to implement new features or remove bugs. The network has a highly sophisticated user-driven governance system where all token holders have a vote in how the network is run. Teams can customize their own blockchain’s governance on mCoin based on their needs and evolving conditions. Nominators, validators, and collators all fulfil various duties to help secure and maintain the network and eradicate bad behavior.
Where can I buy MCOIN Crypto?
You can buy mCoin on PancakeSwap.
Why should you buy mCoin?
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.
mCoin 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 mCoin 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 mCoin on PancakeSwap with BNB
Before we head over to PancakeSwap, we need to prepare your Metamask Wallet to receive MCOIN. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0x6d86f0a41c3966cef8ea139648db707e912563c9
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive MCOIN.
You can check the price of mCoin, and confirm the Token Contract address on Coingecko.
Let's buy some MCOIN!
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: 0x6d86f0a41c3966cef8ea139648db707e912563c9
Select it.
Now you have to select the amount of BNB you want to trade for MCOIN. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your MCOIN should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of mCoin!
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 mCoin links:
