HOW TO BUY NFT ART FINANCE (NFTART)
Open a Binance account. The 1st thing you’ll need to buy any tokens on Pancakeswap is Binance tokens. The easiest way to purchase BNB is through Binance’s exchange.
Millennials these days don't get out of bed because of the 10% rise in the stock market represented by the boomers. As seen in r/Wallstreetbets, young investors are gathering to share their investment ideas over the Internet. Internet investors who take these risks have benefited tremendously from the growth of GME stock, and many of these traders are now looking for smaller cryptocurrencies on Binance Pancakeswap to find their next 1,000% yield.
What is NFT Art Finance?
NFT Art Finance is a new cryptocurrency that uses Binance Smart Chain to run code. Basically, NFT Art Finance wants to create a market where artists can issue and sell NFT (Non Fungible Token). However, the company has not yet launched a tangible product, and there are already many better alternatives to the Ethereum blockchain.
The token is described as “hyperdeflation”. However, hyperdeflation seems to be a buzzword that companies use to undermine the way tokennomics resembles a pyramid scheme. To sell NFTART tokens, you will be charged €10. Half of this amount will be burned and the other half will be distributed to NFTART token holders.
If this sounds familiar, you might think of Safemoon. Safemoon is another popular BSC token that closely resembles a pyramid scheme. Token holders rely on other investors to buy their coins and motivate them to hold their coins to avoid high fees.
Brief History of NFT Art Finance
Since NFTART Finance has only been out for a week, its history is relatively short. They haven't done anything noteworthy on the platform yet, and according to the NFTART website, the protocol will launch its NFT trading platform in June.
Tokens started trading around $0.0000000010 on April 22nd. The tokens started selling at this meager price as the maximum supply reached 10,000 trillion. Even if a significant amount of these tokens will eventually be burned, the offer will outweigh any other crypto asset.
NFT Finance hit an all-time high of $0.00000000360 within days of launch. In about 96 hours, early investors secured over 30,000% of their investment. Since then, the token has dropped to around $0.0000000100 per coin.
How to Buy NFT Art Finance (NFTART)
- Open a Binance account. The 1st thing you’ll need to buy any tokens on Pancakeswap is Binance tokens. The easiest way to purchase BNB is through Binance’s exchange, so you’ll need to make an account with the trading platform if you don’t already have one.
- Making a Binance account is a quick and easy process. Just enter your email address and create a password, and your Binance account will be made. Depending on where you live, you may have to verify your account before you can begin investing. Some standard information that’s required for U.S cryptocurrency investors is your driver’s license number, Social Security number, and home address.
- Once you’ve been verified, you’re ready to buy BNB tokens. Binance token is currently trading over $500, but you can buy a small fraction of the token if you so desire. You should buy as many BNB tokens as you want to invest in NFT Art Finance, as you’ll be swapping these tokens for NFTART tokens.
- Download Trust WalletTrust Wallet is a free cryptocurrency wallet made by Binance, and you can download it on the iOS or Android app store. The software wallet is a multicurrency wallet, so it can store a variety of cryptocurrencies, including Bitcoin, Ethereum, BNB, and NFTART tokens. The wallet also supports NFTs, so you can hold your crypto-collectibles in the same place as your cryptocurrency investments
- Once you’ve downloaded Trust Wallet, you can send your BNB tokens to the mobile app. There are several types of BNB tokens, so be sure to use the correct token address, or your funds may be lost forever. Note that Binance Coin is different from Binance Smart Chain and ERC-20 BNB coins, so they use separate token addresses than the Binance Coin you own.
- Swap Your BNB TokensSoon after you send your BNB tokens to your Trust Wallet, the coins will be credited to your account. To use Pancakeswap, you need to use Binance’s Smart Chain, as this Binance’s blockchain supports smart contracts. To swap your BNB tokens, simply select your BNB tokens in your wallet, tap “more,” and then “swap to a smart chain.”
- Connect Trust Wallet to Pancakeswap. The last thing you need to do before you can buy NFTART tokens is to connect Pancakeswap to your Trust Wallet. To do so, navigate to the DApps tab in Trust Wallet. If you have the Android version of Trust Wallet, then you should see Pancakeswap appear as an option. If you’re on iOS, you’ll need to search for Pancakeswap by entering Pancakeswap. Finance in the search bar.
- Make your purchase. Now that Pancakeswap is enabled in your Trust Wallet, you can buy any Binance Smart Chain tokens through your wallet. The most popular BSC tokens are Safemoon and NFTART Finance, but more and more cryptocurrencies are being developed on Binance’s intelligent contract network.
- If you’ve ever used the popular Ethereum DEX Uniswap, then Pancakeswap will look eerily familiar. To buy tokens on Pancakeswap, simply search for the token you want to buy. In this case, you can search for NFTART to find NFT Art Finance tokens.
- If you’re having trouble finding a token you want to invest in, you can also paste the token’s address to Pancakeswap to find it. Here are a few popular token addresses for BSC tokens:
- • Safemoon: 0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3
- • NFTART Finance: 0xf7844cb890f4c339c497aeab599abdc3c874b67a
- • Eclipse: 0x375483cfa7fc18f6b455e005d835a8335fbdbb1f
- After swapping your BNB smart chain tokens for NFTART tokens, the crypto will be automatically sent to your Trust Wallet via the Pancakeswap smart contracts. Thanks to BSC Proof-of-Stake consensus algorithms, blockchain transaction costs on the Binance Smart Chain are much lower than other DEXs.
Trade, Sell, or Convert your NFTART Tokens
To sell NFTART tokens, you basically have to follow these steps in reverse order. You can first exchange your NFTART tokens for BNB smart chain tokens and then exchange these BNB tokens for Bitcoin, Ethereum, or other cryptocurrencies. To earn money in cash, you need to send these cryptocurrencies to an exchange linked to your bank account.
Leverage Your Crypto & Avoid Capital Gains
With a proposal to increase the capital gains tax to over 40%, investors are looking for ways to take profits without actually realizing their cryptocurrency gains. Lending companies like BlockFi are by far the best way to avoid paying high taxes on your investments while still being able to use your hardearned profits.
BlockFi lets you take out loans without the need for approval; instead, you need to use your cryptocurrency as collateral. This way, you`ll still have exposure to your crypto investments, so long as you pay back your loan. Some investors use BlockFi to leverage their position, as they can use the loan to buy more cryptocurrency.
If you are not looking for a cryptocurrency secured loan, BlockFi also offers investors a high interest account on cryptocurrency assets. If you are interested in getting 5% to 10% in addition to increasing the value of your cryptocurrency, try BlockFi.
Current Crypto Prices
Q1 2021 was a landmark quarter for cryptocurrencies. Industry sentiment has shifted as institutions like Tesla, Paypal and Benzinga have added crypto to their balance sheets. More and more investors are considering Bitcoin as a store of value, and people are realizing the potential of blockchain technology in our future.
Is NFT Art Finance a Good Investment?
There is no crystal ball to tell where the price of the NFTART token is headed, but it can warn you that the token is not a safe investment. The company was founded less than a month ago and has yet to create a tangible product. Investing in a small blockchain startup like NFTART Finance can be one of the most risky investments, so it's not a great HODL coin.
Benzinga crafted a selected technique to rank cryptocurrency exchanges and tools. We prioritized structures primarily based totally on offerings, pricing and promotions, patron service, cell app, person revel in and benefits, and security. To see a complete breakdown of our technique, please go to see our Cryptocurrency Methodology page.
This content should not be interpreted as investment advice. Cryptocurrency is a volatile market, do your independent research and only invest what you can afford to lose.