AirDAO (AMB) is a decentralized autonomous organization (DAO) governing a layer-one blockchain and ecosystem of web3 dApps. It aims to promote transparency, collaboration, and innovation in the decentralized finance ecosystem. AMB is the native token, representing a unit of value or ownership within AirDAO, and its holders can benefit from holding tokens. The DAO relies on an engaged, diverse, and dynamic community that shares its vision and values, with a focus on democratizing governance and making crypto accessible for everyone.
AirDAO (AMB) is the native token of the AirDAO ecosystem. It is used for several purposes within the network:
- Gas Fees: AMB is used to pay for on-chain gas fees, facilitating transactions within the network.
- Node Validation: AMB supports node validation, ensuring the security and integrity of the blockchain.
- Community Governance: AMB is involved in community governance, allowing holders to participate in decision-making processes through voting.
These uses highlight the token's importance in maintaining the functionality and governance of the AirDAO ecosystem.
To store AirDAO (AMB) tokens, you have several options:
Exchanges' Wallets: You can store your AirDAO tokens on exchanges like Binance, KuCoin, or Gate.io. This method provides quick access to trading and other services, but it is considered less secure as the exchange holds your private keys.
Non-Custodial Wallets: For greater security, you can withdraw your AirDAO tokens to a non-custodial wallet, such as Trust Wallet or a hardware wallet. This option gives you complete control over your private keys but may be less convenient for frequent trading.
Cold Wallets: If you plan to hold your tokens for the long term, cold wallets are the safest option. They are offline and not connected to the internet, making them less vulnerable to hacking.
- AirDAO Wallet App: You can also use the AirDAO Wallet app, available on the App Store, which allows you to manage multiple wallets, send and receive tokens, and track transactions securely.
Each method has its pros and cons, so it is essential to evaluate your needs and preferences before choosing the best storage method for your AirDAO tokens.
To buy AirDAO (AMB) tokens, follow these steps:
Create an Account: Register on a centralized exchange (CEX) like Binance, Gate.io, MEXC, Kucoin, ProBit Global, or BitForex. You can sign up via the website or app using your email and mobile number. Verify your identification as required by the exchange.
Choose a Payment Method: Select how you want to buy AirDAO. You can use a credit/debit card, bank deposit, or third-party payment channels. If you are new to the exchange, using a credit/debit card is the easiest option.
Buy a Stablecoin: Purchase a stablecoin like USDT, ETH, or BNB using fiat currency. This will be used to buy AirDAO. Many exchanges support over-the-counter (OTC) trading services for USDT with fiat currencies.
Transfer to an AirDAO-Supporting Exchange: If your initial exchange does not support AirDAO trading, transfer your stablecoin to an exchange that does, such as Binance.
Buy AirDAO: Use your stablecoin to buy AirDAO in the spot market. Confirm your order and fees before finalizing the purchase.
Store or Use Your AirDAO: You can store your AirDAO in your exchange wallet, a personal crypto wallet like Trust Wallet, or use it for trading or staking.
