Bolt (BOLT) is a cryptocurrency that powers a global social media ecosystem, enabling users to build communities and earn from their content. It supports various use cases, including staking, NFTs, content creation, and community building, and is part of the BoltX platform, which includes a digital asset wallet and a social network.
The Bolt (BOLT) token is the core token of the Bolt ecosystem and serves as a primary means of value exchange among users, streamers, and brands. It can be used for various purposes:
- Staking: The BoltX Staking program rewards long-term token holders with a 5% APR on the total sum staked, distributed daily.
- NFTs: Users can send, receive, and store NFTs in the Bolt NFT Gallery on the BOLT X Extension, allowing for secure transactions.
- Content Creation & Streaming: Bolt does not take a significant percentage of creators' earnings, and there is no minimum subscriber requirement to start earning. Creators can cash out their earnings at any time.
- Building Brand Communities: The integrated Connect Wallet functionality enables users to build communities and access web3 features.
- Trading: The BOLT token can be traded on exchanges like KuCoin, Uniswap, and AscendEX, and can be swapped for Ethereum (ETH), Tether (USDT), and Bitcoin (BTC).
- Purchases: BOLT tokens can be used for purchases within the Bolt ecosystem.
These use cases highlight the versatility and utility of the Bolt token within its ecosystem.
To store Bolt (BOLT) tokens securely, you can use the BoltX wallet. This wallet allows you to send, receive, and store various cryptocurrencies, including BOLT tokens. Here are the key features of the BoltX wallet:
- Security: BoltX ensures the security of your funds through a generated 12-word secret recovery phrase, which is stored on the blockchain. This means you have full control over your assets, unlike some other exchanges that hold assets on your behalf.
- Staking: You can earn interest on your BOLT tokens through the staking program integrated into the BoltX wallet.
- Multi-Blockchain Support: The wallet supports multiple blockchains, including Ethereum, Zilliqa, and Bitcoin, with more protocols planned for future releases.
- User-Friendly Interface: The wallet has a simple and clean design, making it easy to view your crypto portfolio value, transaction history, and perform various actions like trading and staking.
To get started, you can download the BoltX wallet from the App Store and follow the setup instructions. If you encounter any issues, such as with the wallet seed setup, you can adjust your mobile's display settings to resolve the problem.
To buy Bolt (BOLT) tokens, follow these steps:
Find a Reliable Exchange: Look for a reliable centralized exchange where BOLT is listed. You can refer to Coinmarketcap.com's Markets section to find the list of exchanges that support BOLT.
Choose a Decentralized Exchange (DEX): Alternatively, you can use a DEX that supports the blockchain where BOLT is based. Ensure the wallet you use is compatible with the DEX.
Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet. Make sure to keep your seed phrase safe and note your wallet address.
Buy a Base Currency: Buy a base currency like Ethereum (ETH) on a platform like Binance. If you are new to Binance, refer to their guide on how to buy ETH.
Transfer Base Currency to Your Wallet: Transfer the base currency from Binance to your crypto wallet. Ensure you set the network to Ethereum and provide your wallet address.
Connect to a DEX: Connect your wallet to the chosen DEX. For example, if you use Trust Wallet, you can connect to 1inch.
Trade for BOLT: Select your base currency as the payment and BOLT as the coin you want to acquire. If BOLT doesn't appear, find its smart contract address on Etherscan.io and paste it into the DEX.
Apply the Swap: Complete the transaction by clicking the Swap button.
Additionally, you can also buy BOLT directly on platforms like AscendEX using their 1-Click Convert function or by trading other cryptocurrencies for BOLT.