IS WAKANDA INU ON BINANCE?
WAKANDA INU ON BINANCE: Wakanda Inu is a relatively new cryptocurrency that has recently emerged in the market. The name “Wakanda” is derived from the fictional African nation of Wakanda, which is featured in the Marvel Comics and the Marvel Cinematic Universe.
The Wakanda Inu currency is a community-driven meme coin that was established in 2021 by a group of young Africans. Since its release, its value has increased, and there is now a lot of talk about the coin. Wakanda Inu is a meme-inspired cryptocurrency that is based on the Ethereum blockchain. Like other meme-inspired cryptocurrencies, it has gained popularity on social media platforms, such as Twitter and Reddit, due to its unique name and marketing efforts.
Wakanda Inu ($WKD) is a cryptocurrency token with over 113,000 holders, which is the highest number of holders in any African Cryptocurrency project. It was created as a meme token with a charitable purpose, aimed at showcasing the power of the African people worldwide. The project has upcoming use cases including an NFT marketplace, decentralized exchange, launchpad, and staking platform in development. The team behind the project is now focusing on giving back to the communities that support their loyal and esteemed holders.
While Wakanda Inu (WKD) doesn’t have a specific use case yet, the underlying vision and roadmap behind the coin is quite fascinating. Cryptocurrencies have become a global sensation, but African projects have often been overshadowed by those from other continents.
Wakanda Inu aims to change that by becoming Africa’s biggest crypto project and displacing some of the biggest meme coins. Furthermore, the developers of WKD are passionate about charity, with a significant portion of the coins being allocated to support charitable causes across Africa.
Since its launch, WKD has experienced a significant surge in price, catching the attention of many in the crypto world. In its first week of launch, the coin gained immense popularity by jumping over 700%. It reached an impressive all-time high of $0.0000004648 on November 11, 2021, and has maintained relative stability within that range.
However, like most meme coins, the price of WKD has experienced a drop from its all-time high as the market has stabilized after other top coins reached new highs. As of now, the coin trades at $0.0000001243 (equivalent to about ₦0.000070). Nevertheless, there is hope for an upward trajectory in price once the market experiences a rebound. The live trading price of WKD on Binance can be accessed on Binance.
WAKANDA INU ON BINANCE
Binance continuously evaluates and includes cryptocurrencies that are compatible with its platform. In the event that you desire to purchase Wakanda Inu, a cryptocurrency that is not yet listed on Binance, a comprehensive guide is available to guide you through the process. This step-by-step guide enables you to purchase Wakanda Inu by integrating your cryptocurrency wallet with a decentralized exchange (DEX), and using your Binance account to purchase the base currency.
Step by Step guide to purchase Wakanda Inu
1. Download a Metamask Wallet
There are several crypto wallets to choose from within the Ethereum network and Metamask appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting Metamask’s website.
2 Set up your Metamask
Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later in Steps 4 and 6.
3. Buy Ethereum as Your Base Currency
Once your wallet is setup, you can login to your Binance account and proceed to the Buy & Sell crypto webpage to buy the Ethereum. If you are not an existing user, you can refer to our How to Buy Ethereum guide on registering and buying your first cryptocurrency on Binance.
4. Send Ethereum From Binance to Your Crypto Wallet
Once you buy your Ethereum, go to your Binance wallet section and look for the Ethereum you purchased. Click on withdraw and fill up the required information. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your Ethereum to appear in your Metamask.
If you are using Binance App:
5 Choose a Decentralized Exchange (DEX)
There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Metamask wallet, you can go to 1inch to make the transaction.
6. Connect Your Wallet
Connect your Metamask wallet to the DEX you want to use by using your wallet address from Step 2.
7. Trade Your Ethereum With the Coin You Want to Get
Select your Ethereum as the payment and select the Wakanda Inu as the coin you want to acquire.
8. If Wakanda Inu Doesn’t Appear, Find its Smart Contract
If the coin you want does not appear on the DEX, you can refer to
https://etherscan.io/ and find the smart contract address. You can then copy and paste it into 1inch. Beware of scams and make sure you got the official contract address.
9. Apply the Swap
Once you are done with the previous steps, you can click on the Swap button.
The Wakanda Inu token has a reduced supply nature, which is why the platform aims to promote the use of DEX in its system. However, the platform’s CEX (centralized exchange) system is also secure and reliable. Additionally, the token operates on the Ethereum Foundation, which secures the network using the proof-of-work consensus algorithm that safeguards the ETH.
Furthermore, the WKD token is also supported on the Binance Smart Chain (BSC) and can be verified using a proof-of-stake consensus algorithm. To better understand, it uses proof-of-stake authority (PoSA).
This means that staking occurs with a valid block to acquire the transaction fee from the staking process. The digital assets on BSC are fixed on their native chain to receive the exact asset count after mining. The new tokens are generated from the burning and minting process, which is why a one-to-one ratio approach is used to maintain the asset balance.
Platforms like DartAfrica a crypto-fiat trading platform that is available to Nigerians and Ghanaians, and plans are in place for spreading to other parts of the continent. DartAfrica allows users to instantly sell cryptocurrencies directly and get fiat deposited in their local bank, without the need for an intermediary. However, there are some differences between DartAfrica and Binance’s P2P trading.
One of the main differences between Binance P2P trading and DartAfrica is the range of cryptocurrencies that are supported. DartAfrica crypto-fiat exchange supports several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), USDC, and USDT, while Binance supports a wider range of cryptocurrencies, including Bitcoin Cash (BCH), Litecoin (LTC), and Ripple (XRP). Wakanda Inu is not currently available for P2P trading on Binance or DartAfrica
Another difference between the two platforms is the payment methods that are supported. Binance P2P trading supports a wide range of payment methods, including bank transfers, mobile money, and cash payments, while DartAfrica supports only bank transfers.
WAKANDA INU ON BINANCE – WAKANDA INU ON BINANCE-WAKANDA INU ON BINANCE