How to Buy NFTY DeFi Protocol Crypto (NFTY)

What is NFTY DeFi Protocol NFTY?

According to Coingecko, NFTY DeFi Protocol is : "NFTY is a DeFi utility token used to create a reputation layer for NFT auctions, employing gamified staking and "farming" activities to crowdsource reputation data. The process uses economic incentives and rewards funded from 7.5% of the final payout of any auction which uses the NIFTY protocol. The reward is distributed to a pool of “endorsers” or “advocates” in proportion to each token holder's respective endorsement allocation amount, in NFTY tokens, to auctions on NFT exchanges which support the protocol. This incentive gives the participants the challenge of defining the best strategy to “endorse” auctions based on their ability to close the sale, possible amount of the final payout, quality of the NFT being auctioned, and the number of other advocates currently endorsing the auction. The reward is distributed proportionally to the social power of all advocates: i.e. if Person A allocates 10 NFTY to an auction and Person B allocates 20 NFTY to it, Person A gets 1/3 of the 7.5% advocacy reward. During an auction's bidding period, allocated NFTY tokens are locked and unable to be unstaked until after that auction is completed and the NFT is sold, at which point allocated NFTY tokens are unlocked for reallocation or unstaking. This creates a multitude of possible strategies without incentivizing the endorsement of non-sellable, low-quality, or fraudulent products and spammy content as doing so is not economically viable. Overall, this acts as a filter and data analytics platform where a user can determine the degree of desirability and expected sale and potential value of an NFT. The token supply has no cap, but can only be increased through staking which yields a 13.579% APR. Staking is required to enable the endorsement/advocacy mechanisms."

Where can I buy NFTY Crypto?

You can buy NFTY DeFi Protocol on Uniswap.

Why should you buy NFTY DeFi Protocol?

NFTY DeFi Protocol 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 NFTY DeFi 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.

Step 2 - Buy Ethereum on Simpleswap

Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH 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 ETH, 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 Ethereum 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 NFTY DeFi Protocol on Uniswap with ETH

Buy NFTY on Uniswap with ETH

Uniswap is currently the number one Decentralized Exchanged in the world, 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 Uniswap, we need to prepare your Metamask Wallet to receive NFTY DeFi Protocol. Open Metamask, scroll all the way down, and click here:

Select Custom Token and paste this token contract address there:

0x3085154623f51b00dedfc6ceeb5197277a66b17b

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

You can check the price and confirm the correct token address of NFTY DeFi Protocol on Coingecko.

Let's buy some NFTY DeFi Protocol!

Go to Uniswap. 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 Uniswap.

Select a token and paste the Token contract address: 0x3085154623f51b00dedfc6ceeb5197277a66b17b

Click Import and accept the terms.

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

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

Congratulations! You are now a proud Investor of NFTY DeFi Protocol!

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

Adjust slippage on uniswap