How to Buy wLITI
On Tuesday, June 29th, 6:00 pm EDT, Liti Capital will go live with the second of their dual token, the wLITI.
To recap, the LITI token functions as equity in Liti Capital. 1 token represents 1 share in the company. KYC is required to buy a LITI. It grants token holders voting rights and 80% of distributed profits as dividends.
Investors can also swap 5000 wLITI for 1 LITI on the website under the same KYC requirements as buying a LITI. wLITI is considered as a trading vehicle for LITI, and its value is wrapped or dependent on the equity token.
On Tuesday, June 29th, 6:00 pm EDT, Liti Capital will go live with the second of their dual token, the wLITI.
To recap, the LITI token functions as equity in Liti Capital. 1 token represents 1 share in the company. KYC is required to buy a LITI. It grants token holders voting rights and 80% of distributed profits as dividends.
Investors can also swap 5000 wLITI for 1 LITI on the website under the same KYC requirements as buying a LITI. wLITI is considered as a trading vehicle for LITI, and its value is wrapped or dependent on the equity token.
How to Buy
Many tokens make their start on a decentralized exchange. On a “DEX,” you can trade one token for another based on their relative values. So, in order to retrieve the token that you are looking for, you will likely need to “swap” a different currency for it.
To start trading cryptocurrencies and buy wLITI, you first need a wallet. The wallet connects you to the exchange and walks you through most of the required steps. MetaMask is very popular, secure, and easy to use. Visit the link provided, download the extension, write down your secret phrase in a safe place, and you’re ready to get started in just a few minutes.
To make a swap on the Ethereum network, you need to pay for the transaction with ETH. If there is no ETH in your wallet, you cannot make a swap. Therefore, the simplest coin to buy to swap for your coin is ETH, because you will need it to make the swap happen.
1. To use Metamask, click the fox icon in the list of browser extensions. You can expand the window by clicking the three vertical dots and clicking “expand view”. You should see the picture displayed below. You will have zero ETH and have the option to buy some by pressing “Buy” and following the simple directions. Again, you will need ETH to make the transaction, and most new coins are not available to purchase with cash on the spot on a DEX. Buy ETH with your card to get started.
2. To swap your ETH for wLITI, visit the DEX where it will be available, app.uniswap.org, to connect your wallet. Click “Connect Wallet” in the top right corner of the screen.
3. Choose a wallet, for instance MetaMask
4. If you aren’t already logged in, the MetaMask window will pop up in the top right corner — enter your password to login to the wallet.
5. Once logged in, click “Next” and then “Continue”. Your wallet should now be connected. Uniswap has access to the coins in your wallet. When you swap one coin for another, Uniswap takes the coins you want to give and puts the coins you want to receive into your wallet.
6.In the middle of the screen, you will see this window:
7. The first drop-down arrow represents the coin you want to GIVE. The second drop-down arrow represents the coin you want to RECEIVE. Click “select a token” and search for wLITI when it becomes available on Uniswap. Remember that every transaction on Uniswap requires ETH (ethereum). That means you must have ETH in your wallet before you attempt to make a swap.
8. Because wLITI is not available yet, we will use a stand-in token. Enter a number of coins that you want to GIVE, and the amount you want to RECEIVE will update automatically. Click “Swap” and then “Confirm Swap” to make the transaction. In the top right corner, Metamask will ask you to confirm or reject. Click confirm if you are sure you inputted the correct numbers.
9. In order to see the coin in your Metamask wallet, you will need to click on the extension icon, scroll to the bottom, and click “Add Token”. Click the “Custom Token” tab and then input the contract address for the wLITI token (0x0b63128c40737b13647552e0c926bcfeccc35f93), which you can get from etherscan.
That’s it!
Be Sure to connect with us for the latest updates…
Visit the Liti Capital website: https://liticapital.com/
Join the Liti Capital Telegram Community
Join the Liti Capital Telegram Announcement Channel
Connect with Liti Capital on LinkedIn
Follow Liti Capital on Twitter
Follow Liti Capital on Medium
