There are many ways to buy Fame MMA tokens, but it’s important to consider your options carefully and make the best choices that will have the biggest impact on your investment. This guide will walk you through everything you need to know about buying Fame MMA token and how to get the most value out of your purchase. Here’s what we’ll cover: How does the Fame token sale work? What payment methods are available? Which exchanges support the Fame tokens? Where can I store my Fame tokens? How do I keep track of my transactions? And more…
Finding an exchange
If you don’t plan on buying tokens during an ICO, your next step will be finding a crypto exchange where you can buy tokens in exchanges. Binance is a good example of a popular exchange that should have some fame tokens listed. (Binance registration link) Another option would be using EtherDelta and their DECENT/ETH trading pair. Once you are signed up with either place, simply deposit ETH into your account so that you can start trading for fame. (For help with setting up an ETH wallet outside of MyEtherWallet, see our guide here.) Now that we have covered how to get some ETH, let’s take a look at what steps are necessary before we buy our fame tokens.
Converting ETH/BTC into FAME
As an ERC20 token, FAME can be stored on any ERC20-compatible wallet. We recommend using MyEtherWallet and following these instructions: Step 1. Create a new wallet, save your private key. You will need it to access your FAME once they are available in January 2018. Step 2. Transfer ETH/BTC into your MyEtherWallet account Step 3. Convert ETH/BTC into FAME by clicking Exchange -> Advanced at top right corner of page -> Select FAME from dropdown menu -> Enter amount to convert (1ETH = 5000FAM) -> Click ‘EXCHANGE’ Step 4. Copy Address & Send ETH/BTC To copy address, click show advanced options under Token Balances on left side of page -> Paste Address here and send funds via your preferred method (Exodus does not support ERC20 tokens). Please note that we do not have control over how long transactions take to process. The Ethereum network is currently experiencing heavy traffic so please allow sufficient time for transactions to process before inquiring about them with us or posting them in our Telegram group chat or other social media channels.
Determining how much FAME you should buy
Calculating how much FAME you want in your portfolio will help you avoid buying too much. As stated earlier, Fame is currently worth a little over $2 USD per token. In order to buy 1,000 tokens (around $1,200), you would need just over 4 BTC. If you don’t have that much BTC lying around, it might be best to scale back your purchase and gradually accumulate more FAME as its value increases. If you are planning on investing more than $2,000 USD into buying Fame tokens, we highly recommend using an exchange with lower transaction fees or your own wallet. Fees can really eat into your profit margin if you don’t set up for them beforehand!
Keeping your FAME safe
As soon as you have FAME, it’s a good idea to set up an account with a web wallet. If you purchase Fame Tokens on an exchange, they’ll be sent directly to your exchange wallet by default. It’s important that you don’t store your tokens there long-term; instead, move them over to a secure web wallet as soon as possible. Some exchanges may charge fees for moving coins out of their accounts; research your exchange in advance and look for ways to avoid any charges (or at least minimize them). I recommend using MyEtherWallet or MetaMask—both are free and secure.
Getting more FAME after purchase
The best way to get more FAME tokens is through staking. When you stake your FAME tokens in a node, you’ll receive 15% interest annually. Even better, your return increases by 1% for every five (5) nodes you stake. If that isn’t enough, holders also receive an additional 3% in referral fees from all other nodes. And, there are no limits on how many referral fees you can earn! To learn more about staking, visit our Medium page or read our guide here .
Summary
To receive your tokens, you will need to have an ERC-20 compatible wallet. Some options include MetaMask, MyEtherWallet and imToken. You can also use a hardware wallet like Trezor or Ledger Nano S. Once you’ve purchased tokens from any one of our listed sellers, it’s time to move them over into your wallet. To do so, we recommend following these instructions from Coinbase: The Import / Export feature allows you to securely store your recovery phrase in a password-encrypted file on another device such as a USB flash drive and helps protect against software-based attacks by moving your recovery phrase off the device that is susceptible to malware. See Import/Export Private Keys for more information. What Happens Next?