How to Buy ThreeFold Crypto (TFT)
What is ThreeFold Crypto?
According to Coingecko, ThreeFold is : What is ThreeFold (TFT)? Founded in 2016, ThreeFold is a fully comprehensive peer-to-peer Internet and Cloud stack that enables universal access to a smart contract-based infrastructure. According to its documentation, ThreeFold allows any current or future digital workload including blockchains, IoT networks, oracles, decentralized organizations and applications, to be hosted natively on their tamper-proof and ultra-efficient decentralised infrastructure. ThreeFold is driven by an open-source community of projects, stack developers, node operators, infrastructure experts and more. They focus on protecting the vision of a truly decentralized Internet infrastructure that is available, accessible and affordable to everyone, everywhere. The ThreeFold Token (TFT) is a utility token that was designed to ensure anyone can participate in exchanging Internet and Cloud resources in the network without intermediaries. It incentivises node operators with monthly income and is used by developers to build and run workloads. Learn more about ThreeFold on their [website](https://threefold.io/). Who are the founders of ThreeFold? Kristof de Spiegeleer is a co-founder and CEO at ThreeFold. After completing his masters degree in computer engineering at the university of Gent, de Spiegeleer started building the first data center in Europe with PSI Net in the mid 90s. Followingly, he founded many ventures that brought significant improvements to cloud automation and Internet storage. These were then acquired by Symantec, Verizon, Oracle, TeleNet and more. In 2014, he started meeting other industry experts and co-founders of ThreeFold such as Adnan Fatayerji, Weynand Kuijpers, Owen Kemp and many more. Together, they decided to start from scratch and build the most decentralized Internet and Cloud infrastructure to power the web3 and web4 era. What makes ThreeFold Unique? ThreeFold is the first blockchain-enabled infrastructure to start from scratch on the Linux Kernel. Only by doing so could they eliminate unnecessary code and backdoors that impacted efficiency and security in the current Internet and Cloud models. ThreeFold’s state-of-the-art technology enables quantum security and up to 10x energy savings for storage workloads. With solutions highlighted by a game-changing quantum-safe storage system, a next-generation docker container environment and a secure peer-to-peer network, what they created is the most comprehensive, secure and decentralized Internet and cloud infrastructure in the world. They integrated with industry-leading tools and frameworks, and anything that runs on Linux can run on ThreeFold’s operating system. More than just an Internet or Cloud project, ThreeFold represents the substrate for the decentralized Internet and cloud. How many ThreeFold Tokens are in circulation? TFT listed on Liquid exchange in June 2020 and announced a total and maximum supply of 4,000,000,000 TFT tokens. The current supply and token distribution can be tracked in [ThreeFold Library](https://library.threefold.me/info/tfgrid/#/tokens/token_overview). According to the documentation, 75% of the total token supply will go towards node operators and the incentivization of the ecosystem. Another 19% of TFT tokens support the continued development of the ThreeFold ecosystem and technology. Lastly, the remaining 6% of the total token supply is allocated to incentivise contributors, founders and team. Where can you buy ThreeFold Tokens? TFT is available on several exchanges and Defi platforms today. ThreeFold aims to incentivise its TFT ecosystem growth towards Defi to remain in alignment with the ecosystem’s values and beliefs. The main platform to buy TFT is PancakeSwap. Other platforms: [1inch](https://app.1inch.io/#/56/swap/BNB/TFT) [Liquid](https://app.liquid.com/exchange/TFTUSDT) [BTC-Alpha](https://btc-alpha.com/en/trade/TFT_BTC) It is important to consider the fact that investing in cryptocurrency carries risk, just like any other investment.
Where can I buy TFT Crypto?
You can buy ThreeFold on PancakeSwap.
Why should you buy ThreeFold?
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.
ThreeFold 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 ThreeFold 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 ThreeFold on PancakeSwap with BNB
Before we head over to PancakeSwap, we need to prepare your Metamask Wallet to receive TFT. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0x8f0fb159380176d324542b3a7933f0c2fd0c2bbf
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive TFT.
You can check the price of ThreeFold, and confirm the Token Contract address on Coingecko.
Let's buy some TFT!
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: 0x8f0fb159380176d324542b3a7933f0c2fd0c2bbf
Select it.
Now you have to select the amount of BNB you want to trade for TFT. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your TFT should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of ThreeFold!
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 ThreeFold links:
Website: https://threefold.io/
Twitter: https://twitter.com/threefold_io
Telegram: https://t.me/threefoldnews
Discord: https://t.me/threefold
