How to Buy Ricochet Crypto (RIC)
What is Ricochet (RIC)?
According to Coingecko, Ricochet is : Ricochet Exchange allows users to trade ERC20 tokens using streaming, continuous payments. Centralized platforms make it easy to set up Dollar-cost Averaging (DCA) but they do not offer the advantages of decentralized finance including privacy, security, and fees. Performing DCA in decentralized financial markets incurs high network fees, is time consuming, and will not scale as the number of individuals doing DCA increases. Ricochet Exchange addresses this issue by offering individuals a decentralized exchange that can be used to setup DCA with a single transaction. The advantages of using Ricochet include saving on network transaction fees/blockspace, saving time by not performing manual DCA transactions, and get an extra layer of privacy through the obscurity of streaming payments with Superfluid. Ricochet Token (RIC) is the Ricochet DAO governance token. It has a fixed supply of 10 million tokens. All 10 million tokens were minted and transferred to the Ricochet DAO Treasury, a Gnosis multi-signature safe. RIC is used voting on how to use the funds accumulated in the DAO's Treasury.
Where can I buy RIC Crypto?
You can buy Ricochet on QuickSwap.
Why should you buy Ricochet?
Ricochet 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 Ricochet 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.
Click here to access Simpleswap
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 Ricochet 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 Ricochet. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0x263026e7e53dbfdce5ae55ade22493f828922965
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Ricochet( RIC).
You can check the price and confirm the correct token address of Ricochet on Coingecko.
Let's buy some Ricochet!
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: 0x263026e7e53dbfdce5ae55ade22493f828922965
Click Import and accept the terms.
Now you have to select the amount of MATIC you want to trade for RIC. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your RIC should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Ricochet!
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 Ricochet links:
Please make sure you read our Disclaimer. We are not financial advisors.
