Step-by-step tutorial: Participate in $AIC’s AI Crypticorn Token Sale with your own wallet. All the important tips and tricks for lower fees. ICO Token Sale for beginners.
What is an ICO for cryptocurrencies?
A token ICO (Initial Coin Offering) is like a kind of virtual coin that people can buy when a company or project raises money for a new idea or technology. Imagine someone has a great idea for a new type of internet currency, similar to Bitcoin. To fund this project, they offer digital coins (tokens) for sale. People who believe in the idea can buy these tokens and hope that they will increase in value if the project becomes successful. So, a token ICO is a way for people to invest in new crypto projects by buying digital coins that can later increase in value and bring many other benefits.
All the benefits you will get by participating in the Crypticorn $AIC ICO can be found here in the $AIC whitepaper.
The most important steps in short:
MetaMask and Trust Wallet are among the best known, but also cold or hardware wallets like the Keystone Pro or Ledger can be used in combination with a hot wallet. If you need help setting up such a hot wallet, follow our step-by-step guide to MetaMask here.
- have your own wallet and have ETH or USDT on ERC20 in this wallet
- create an account on our dApp: app.crypticorn.com
- log in and go to the “Token Sale” page.
- accept our “Terms of Sale” and connect your wallet
- choose the amount of tokens you want to buy and confirm the purchase. If you want to buy with USDT (ERC20) you still need ETH in your wallet for the fees.
The tokens will then go directly into your so-called “Vesting Wallet” and will be displayed in the Dashboard after you have verified your wallet on the “Settings” page.
Tips and tricks for lower transaction fees on ETH (ERC20)
The fees (“gas fees”) on ETH (Ethereum) change depending on how busy it is. They are lowest in the morning and on weekends. If you want to save a few bucks, you should buy when the gas price (“Gwei”) is below 12 Gwei. You can check it here on etherscan: https://etherscan.io/gastracker.
At MetaMask you can also choose the “SLOW” option to further reduce the fees. MetaMask usually shows a higher gas price than it actually is.
Getting Started: How to participate in an ICO to buy a token like $AIC
For the final purchase of our token, you need to log in to our dashboard. If you don’t have an account yet, you can create one under “Create an Account”.
Once you have logged in, you will be taken to our dashboard. On the overview page, click on “Purchase Token” under Token Presale.
Confirm the “Confirmation of Acceptance of Terms of Sale”.
In the next step you need to connect your Metamask wallet to our dashboard. Click on the “Settings” tab on the left. Then click on Connect under “My Wallet”.
A popup window opens. There you select Metamask.
To link your wallet to the dashboard, go to the “Sign in” button.
If your Metamask account is successfully linked to our dashboard, you will be able to see your purchased ETH’s.
After linking, go back to “Token Presale”. You can choose whether you want to buy tokens with ETH or USDT. In the example, tokens are paid with ETH because the link was made with Metamask. Make sure you don’t go to “max” on “You Pay” because you still have to pay a gas fee.
After selecting your investment, a popup window will open. Under “Confirm Buy” you confirm your purchase.
A pop-up window of your MetaMask wallet will open again. Here you will see the gas fee that is currently available on the market. The best time for a transaction is most early in the morning. Under “Confirm”, you confirm your purchase.
Hint: Change the fee settings from “Market” to “Slow” for lower fees – this works for MetaMask wallet.
Under “My Wallet” you will see your purchased AIC tokens after the transaction.
Now you know everything to participate in Crypticorn’s $AIC token ICO.