DAO1 is proud to finally list the token on Uniswap, Safeswap, and Quickswap on Monday the 7th of June. They have produced three guides for people that might not be so knowledgeable on how to use Decentralized Exchanges.
This guide will be the first of three, namely, how to buy DAO1 tokens on Uniswap.
Be aware, that DAO1 tokens as of yet are not buyable on Uniswap, as one will have to wait till Monday the 7th of June. Therefore, the DAO1 balance shown will be 0 in the examples provided.
Hardware: A Smartphone or a Laptop with Internet Access.
Access to USDT and Ethereum, for example on a Centralized Exchange such as Binance.
(We find that the easiest way to get USDT and Ethereum is through Binance, where one simply deposits money through a credit/debit card / bank account and can buy USDT (pegged to the USD) and Ethereum almost instantly)
We will be buying with USDT on Uniswap, and we will also need a little Ethereum (ETH) (around 0,005) for transaction fees as well, all depending on the ETH’s network congestion and prevailing Gas fees.
Step 1: Get MetaMask Wallet either as a browser extension on your laptop (we prefer the browser Brave), or download it as an app to your smartphone at : https://metamask.io/
Set it up and write the seed phrase down on a piece for paper for recovery, in case you lose your device.
Step 2: Copy the MetaMask Address of your MetaMask Wallet
Step 3: Send USDT via the ERC20 Network to the address from your wallet on an exchange such as Binance, or wherever you hold USDT and ETH.
Also remember to send a little extra ETH to the same address to cover for fees (around 0.005–0.01 ETH)
On Binance, go to Wallet, then click Withdraw, and search for USDT. Then click withdraw, paste the MetaMask Wallet Address, and select ERC20 Network, and confirm the Withdrawal.
Then do the same for withdrawing ETH.
This image shows MetaMask Wallet on Brave Browser, where one can hold the cursor and copy the MetaMask address to where one is sending USDT and ETH from via the ERC20 network.
This image shows the Withdrawal Process from Binance, where one pastes the MetaMask address in the Address field, selects the ERC20 Network, and finally chooses the amount of USDT one wants to send. It will take between 5–15 minutes to send the USDT and ETH.