How to Buy

Overview

The LOP token is the native cryptocurrency of the Kilopi ecosystem, and purchasing LOP tokens is your gateway to participating in various decentralized applications (dApps), staking, governance, and more within the project. LOP tokens are available on multiple blockchains, including Harmony and Binance Smart Chain (BSC). This guide will walk you through the steps to buy LOP tokens on each of these chains, ensuring you can acquire LOP tokens quickly and securely.

Step 1: Choose the Right Blockchain

Before purchasing LOP tokens, you need to decide which blockchain you want to use. LOP tokens are available on three different blockchains, each with its own advantages:

  1. Harmony Chain: Ideal for users seeking low fees and fast transactions. LOP tokens on Harmony Chain are often used for staking and governance within the Kilopi ecosystem.

  2. Binance Smart Chain (BSC): Suitable for users who want to leverage the extensive DeFi ecosystem on BSC. LOP tokens on BSC are used in various decentralized applications and liquidity pools.

Once you've decided on the blockchain, follow the relevant steps below to purchase LOP tokens on that chain.

Step 2: Set Up a Wallet

To buy LOP tokens, you’ll need a compatible cryptocurrency wallet that supports the blockchain you’ve chosen.

Wallet Options:

  • Harmony Chain: Use MetaMask with Harmony network configuration.

  • Binance Smart Chain (BSC): MetaMask is widely used on BSC. Make sure to configure MetaMask for the Binance Smart Chain network.

Steps to Set Up Your Wallet:

  1. Download the Wallet: Download and install your chosen wallet from the official website or app store.

  2. Create a New Wallet: Follow the instructions to create a new wallet. Make sure to back up your seed phrase securely, as this is the only way to recover your wallet if needed.

  3. Add the Correct Network: If you're using MetaMask for Harmony or BSC, you’ll need to add the correct network to your wallet. For example, for BSC:

    • Go to Settings > Networks > Add Network in MetaMask.

    • Enter the preferred network details:

Step 3: Fund Your Wallet

Once your wallet is set up, you need to fund it with the appropriate cryptocurrency to purchase LOP tokens.

Funding Options:

  • Harmony Chain: Fund your wallet with ONE tokens, the native currency of the Harmony network.

  • Binance Smart Chain (BSC): Fund your wallet with BNB tokens, the native currency of BSC.

How to Fund Your Wallet:

  1. Buy Crypto on an Exchange: Purchase ONE, BNB, or SOL tokens from a cryptocurrency exchange like Binance, Coinbase, or Kraken.

  2. Transfer to Your Wallet: Withdraw the purchased tokens from the exchange to your wallet by entering your wallet address and confirming the transaction.

Step 4: Connect to a Decentralized Exchange (DEX)

To buy LOP tokens, you’ll need to connect your wallet to a decentralized exchange (DEX) that supports LOP trading.

DEX Options:

  • Harmony Chain: Use HarmonySwap for LOP token trading.

  • Binance Smart Chain (BSC): Use PancakeSwap for LOP token trading.

How to Connect to a DEX:

  1. Visit the DEX Website: Navigate to the official website of the DEX you wish to use (e.g., PancakeSwap for BSC).

  2. Connect Your Wallet: Click on "Connect Wallet" and select your wallet from the list of supported options. Confirm the connection in your wallet.

Step 5: Swap for LOP Tokens

Once your wallet is connected to the DEX, you can proceed to swap your ONE, BNB, or SOL tokens for LOP tokens.

Steps to Swap Tokens:

  1. Select the Trading Pair: Choose the appropriate trading pair on the DEX (e.g., ONE/LOP, BNB/LOP, or SOL/LOP).

  2. Enter the Amount: Specify the amount of ONE, BNB, or SOL you want to swap for LOP tokens.

  3. Review the Details: Double-check the transaction details, including the slippage tolerance and estimated fees.

  4. Confirm the Swap: Click "Swap" and confirm the transaction in your wallet. The LOP tokens will be sent to your wallet once the transaction is processed.

Step 6: Add LOP Tokens to Your Wallet

After purchasing LOP tokens, you may need to manually add them to your wallet to see the balance.

Adding LOP Tokens to Your Wallet:

  1. Harmony Chain (MetaMask):

    • Click on "Add Token" in MetaMask.

    • Choose "Custom Token" and enter the LOP token contract address for Harmony:

      • Contract Address: 0x09e6E20FF399c2134C14232E172ce8ba2b03017E

    • Click "Next" and then "Add Tokens" to see your LOP balance.

  2. Binance Smart Chain (MetaMask):

    • Click on "Add Token" in MetaMask.

    • Choose "Custom Token" and enter the LOP token contract address for BSC:

      • Contract Address: 0xCF3D31Dd1BCEd6121d97E98D110f8fc54D993365

    • Click "Next" and then "Add Tokens" to see your LOP balance.

Step 7: Secure Your LOP Tokens

After purchasing LOP tokens, it’s important to secure them properly to protect your investment.

Security Tips:

  • Backup Your Seed Phrase: Ensure that your wallet’s seed phrase is backed up in a secure location. Never share your seed phrase with anyone.

  • Enable Two-Factor Authentication (2FA): If your wallet supports 2FA, enable it for an additional layer of security.

  • Consider a Hardware Wallet: For long-term storage of LOP tokens, consider transferring them to a hardware wallet like Ledger or Trezor for enhanced security.

Conclusion

Buying LOP tokens is a straightforward process that involves selecting the appropriate blockchain, setting up a wallet, funding it, and then using a decentralized exchange to acquire the tokens. Whether you're on Harmony or Binance Smart Chain, this guide provides all the steps you need to securely purchase LOP tokens and participate in the Kilopi ecosystem.

PreviousBinance Smart ChainNextStaking

Last updated