How to Buy Wrapped PKT Crypto (WPKT)
What is Wrapped PKT Crypto?
According to Coingecko, Wrapped PKT is : "PKT is a new blockchain powered by PacketCrypt, the world’s first bandwidth-hard proof of work (PoW). PKT cloned Bitcoin code and then replaced the PoW with PacketCrypt, which requires bandwidth and encryption, not the high energy computation of Bitcoin and Ethereum PoWs. The PKT Network pays people in PKT Cash every 60 seconds to connect bandwidth and hardware to maintain and scale the network. This community participation aims to keep the network infrastructure decentralized. The purpose of the PKT project is to build a global decentralized ISP powered by the people who are incentivized to connect to the network. This infrastructure powered by the people will also enable people to get onto the internet without paying a traditional ISP. This is accomplished via mesh networking using cjdns and PKT Network. PKT Cash is a community coin: there is no company, no CEO and no VC investment. At the core of PKT is the technology called cjdns which PKT lead dev Caleb James DeLisle launched in 2011. Cjdns enables people who have the internet to be a gateway to the internet for people to get access to the internet without paying a centralized ISP (you can connect P2P through other cjdns gateway nodes). (Part of) PHASE 1 of PKT is people monetizing their internet connections (happening now through mining). (Part of) PHASE 2 is gateways being able to provide local internet access to their neighbors via localized mesh networks (worldwide) using cjdns technology. PKT also has a Network Steward, which is a wallet addresses elected by POS vote, where 20% of each mined block is paid, and 100% of the funds are granted to the community every 90 days to build open source technology for the network, or else the coins are burned. Over 10% of the mined coin supply has been burned to date. "
Where can I buy WPKT Crypto?
You can buy Wrapped PKT on PancakeSwap.
Why should you buy Wrapped PKT?
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.
Wrapped PKT 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 Wrapped PKT 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 Wrapped PKT on PancakeSwap with BNB
Before we head over to PancakeSwap, we need to prepare your Metamask Wallet to receive WPKT. Open Metamask, scroll all the way down, and click here:
Select Custom Token and paste this token contract address there:
0x1c25222994531c4ac35e4d94bbf7552c9aa92e32
The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive WPKT.
You can check the price of Wrapped PKT, and confirm the Token Contract address on Coingecko.
Let's buy some WPKT!
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: 0x1c25222994531c4ac35e4d94bbf7552c9aa92e32
Select it.
Now you have to select the amount of BNB you want to trade for WPKT. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.
Wait a few minutes, and your WPKT should appear on your Metamask Wallet.
Congratulations! You are now a proud Investor of Wrapped PKT!
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 Wrapped PKT links:
Website: https://pkt.cash
Twitter: https://twitter.com/pkt_cash
Telegram: https://t.me/pkt_cash
Explorer: https://bscscan.com/token/0x1c25222994531c4ac35e4d94bbf7552c9aa92e32
Discord: https://www.facebook.com/pktcash
