If you have any interest to buy Mead (MEAD), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
1.2 Fill in your trading details
1.3 Allow 2FA-Two-factor authentication (Optional)
Step 2: Buying your first Bitcoin (BTC)
I highly recommend buying Bitcoin first and then trading it for the right amount of Mead (MEAD).
Step 3: Creating a Metamask Account
Search for https://metamask.io website or search for “Metamask extension” in your computer’s browser (you can install Metamask for Chrome, Firefox and Opera browsers).
Below I will show you how to install MetaMask extension for Chrome.
Look for ‘Add to Chrome” then click it to install MetaMask as a Google Chrome extension.
Then, you have to click “Add Extension”.
If you do all the above, you will have successfully installed MetaMask extension. It is easy as that! Next, you need to add your existing cryptocurrency wallet.
Just create a cryptocurrency wallet if you don’t have one yet. It is easy to do so.
Once the extension is installed, then, click on the icon found in the upper right corner to open the MetaMask. Also, make sure to read and accept the terms.
Still, you need to create a strong password and ‘click Create’.
After clicking “create”, you will see a 12 words seed phrase. You need to save seed words as a file or copy them to a safe place and click “I’ve copied it somewhere safe”.
Congratulations! Now you have successfully created an account in MetaMask with a new wallet address!
Go to Etherscan (Ethereum blockchain explorer) to view your address, check the QR code, copy your wallet’s address to clipboard or export your wallet’s private key.
Step 4: Depositing ETHEREUM to your MetaMask wallet
Move your cursor to “account name” found at the top of the window, which will show “Copy to clipboard”
Next, click on the “account name” and copy your address.
Then, paste the copied address in the “recipient” field in the App where you are sending your ETHEREUM or tokens from.
Choose the amount you want to send, follow all the steps to complete and submit the transaction and make sure to choose transfer network “Ethereum (ETH) ERC20”.
Important to Note: You need to look for guidance from the organization of the App you are using for information on how to move your ETHEREUM/tokens.
Step: 5 How to Make Your First Trade on Sushiswap
To do this, you need to go to the Sushiswap exchange website.
It is found on the top right, then click the ‘Connect to a wallet’ button, and log in with the wallet you wish to trade with.
For this, log in with a MetaMask wallet.
After you have logged in, the trading window will appear.
In the top field, choose the token you wish to exchange for the token you want. Let us choose ETH. Once in the bottom field, look for the token you wish to buy, or choose it from the drop-down menu, in this case (MEAD).
Once you do all that you can place your preferred order. Also, you can either choose how much you want to spend by typing a number in the top field, or select how much to buy by typing a number in the bottom one.
Look at the bottom of the order menu; you’ll be able to view how much you can expect to get.
If you’re satisfied with the amount, just click the ‘Swap’ button.
After clicking your wallet will show require you to confirm the trade, and potentially set the fees to a number that works best for you.
Once you do all the above, then, confirm the transaction and it will then be processed. After it is done, your tokens will show in your ERC20 wallet.
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Mead gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Mead securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Mead for some long time, you need to find ways to ensure it stays safe safe,
Frequently Asked Questions
Is it possible to buy Mead with cash?
The answer is No. Because there is no way you can directly buy Mead with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
What are the quickest ways I can buy Mead while living in Europe?
Can I use alternative platforms to purchase Mead or Bitcoin with credit cards?
The Tavern is a project launched on the Avalanche network on the 11th of March 2022. It can be described as a Passive
Income Protocol (PIP) that combines combining gamification, NFTs and a treasury-backed token all in one. MEAD is the
utility token for The Tavern and is integral to the gamification elements of the project.
MEAD was launched with a starting price of $1 and an initial supply of 2,500,000 MEAD split as follows:
‘ 54% Rewards reserve (10% reserved for LP rewards)
‘ 10% Treasury reserve
‘ 16% Whitelist Presale
‘ 20% Liquidity ‘ Locked for 1 year.
To gain a ‘BREWERY’ that produces MEAD passively, investors must first acquire MEAD from the liquidity pool. This
can then be used to mint a BREWERY, a special yield bearing NFT that rewards a fixed amount of MEAD daily. If a user
decides to sell their MEAD on the market, there is a sell tax of 10% that goes back into the Treasury reserve.
BREWERYs have a ‘tier’ associated with them that increase the production of MEAD per day.
There are currently 3 tiers, and more will be added in the future:
‘ Tier 1: 2 MEAD a day (All BREWERYs come as Tier 1)
‘ Tier 2: 3 MEAD a day (3% daily APR)
‘ Tier 3: 4 MEAD a day (4% daily APR)
BREWERY tiers can be increased by earning experience over time by not claiming the MEAD that the BREWERYs have
accrued (for a certain length of time). BREWERYs only begin earning experience after a ‘fermentation period’ of 14
days. This is reset whenever a user claims the accrued MEAD built up by the BREWERY(s) in their wallet. There is
also a ‘claim tax’ in place that decreases with Brewer’s Reputation level. This tax goes towards the Treasury
reserve for the project.
Brewer’s Reputation (BR) is gained by a wallet that carries out beneficial participation in the protocol. Some
examples of this include: purchasing a BREWERY, every day not claiming MEAD past the fermentation period and staking
liquidity pool tokens. There are four classes of BR, each with decreasing levels of claim tax to reward active
participants within the Tavern protocol.
Users that hold a BREWERY NFT in their wallet can verify ownership of this to gain access to an exclusive group
known as ‘The Brewers Guild’. This group forms a governing body for The Tavern protocol that allows members to
create proposals, vote on them and help to govern the ecosystem. Their MEAD balance and Brewer’s Reputation is used
to calculate their voting power within the Brewer’s Guild.
Participants in The Tavern protocol can upgrade their BREWERYs (separate to gaining experience) with special
renovation NFTs from the dApp store using MEAD. These renovations can be installed onto BREWERYs to increase their
production rate and efficiency. Additionally, they can purchase vanity skins with varying levels of rarity that
change the look of their BREWERYs.
There is also an incentive program for increasing the liquidity for The Tavern, whereby users will earn rewards for
staking their MEAD-USDC LP tokens gained from depositing MEAD & USDC into the liquidity pool. To further
incentivise this, users can purchase BREWERYs at a discount using these LP tokens.