Botto (BOTTO) is a cryptocurrency launched in 2021 on the Ethereum platform. It operates within a Decentralized Autonomous Organization (DAO) where users can participate by acquiring and staking Botto tokens to vote on the development and curation of AI-generated art. The project aims to create a self-sustaining ecosystem where the value of the tokens is influenced by the sales of NFT artworks, with a portion of the proceeds used to "burn" tokens, reducing the supply and potentially increasing their value.
Botto (BOTTO) is a cryptocurrency that plays a crucial role in the Botto ecosystem, which combines AI algorithms with community engagement to create and curate art. Here's how it is used:
DAO Participation: To join the Botto DAO, users need to acquire BOTTO tokens. These tokens grant voting points, allowing users to participate in the decision-making process for the project.
Voting on Art: The community votes on the best art pieces produced by Botto's AI algorithms. The winning pieces are minted as NFTs and sold on platforms like OpenSea. The voting process also helps train Botto's "taste model" to improve its artistic output.
Staking: Users can stake their BOTTO tokens to gain voting power and influence the direction of the project.
Trading: BOTTO tokens can be traded on various exchanges, such as MXC and CoinEX, allowing users to buy and sell them.
Wallet Management: Users can store their BOTTO tokens in personal cryptocurrency wallets, such as Metamask, for safekeeping and potential trading on decentralized exchanges.
Overall, the BOTTO token is essential for community engagement, decision-making, and the overall functioning of the Botto ecosystem.
To store Botto (BOTTO) tokens, you can use a digital wallet that supports Ethereum, such as Trust Wallet or MetaMask. Here's a step-by-step guide:
Trust Wallet:
- Open Trust Wallet and tap the "+" icon.
- Scroll to the bottom and select "Add Custom Token."
- Change the network to Ethereum.
- Enter the Botto token details and save.
MetaMask:
- Ensure you have MetaMask installed and set up.
- Open the Botto application and click the "Connect Wallet" button.
- Select MetaMask as your wallet option.
- Your wallet is now connected to Botto's application.
Bitget:
- Open Bitget and go to your homepage.
- Tap on "Wallet" and select Botto from the mainnet list at the top right corner.
- This creates a Web3 wallet for Botto.
These wallets will allow you to store and manage your Botto tokens securely.
To buy Botto (BOTTO) tokens, you can follow these steps:
Buying Botto (BOTTO) via a Crypto Wallet- Choose a Wallet: Select a reliable and reputable crypto wallet that supports Botto (BOTTO).
- Download and Set Up the Wallet: Download the wallet application and create a new wallet address or import an existing one. Make sure to write down the seed phrase and keep it secure.
- Buy Botto (BOTTO): Purchase Botto (BOTTO) using a supported payment method. If your wallet doesn’t support direct fiat-to-BOTTO purchases, you can first buy a popular cryptocurrency like USDT and then exchange it for Botto (BOTTO) through your wallet or on a decentralized exchange.
- Choose a Centralized Exchange (CEX): Select a reliable and trustworthy crypto exchange that supports Botto (BOTTO) purchases.
- Create an Account: Enter the required information and set a secure password. Enable 2FA for added security.
- Verify Your Identity: Complete KYC verification to access more features and services.
- Add a Payment Method: Follow the exchange’s instructions to add a credit/debit card, bank account, or other supported payment method.
- Buy Botto (BOTTO): You can now buy Botto (BOTTO) using fiat currency if supported or by first purchasing a popular cryptocurrency like USDT and then exchanging it for Botto (BOTTO).
- Download a Trust Wallet: Download the Trust Wallet application.
- Set Up the Wallet: Register and set up the wallet, keeping your seed phrase safe.
- Buy ETH: Buy Ethereum (ETH) on a centralized exchange like Binance.
- Send ETH to Your Wallet: Transfer the ETH to your Trust Wallet.
- Choose a DEX: Select a DEX that supports your wallet, such as 1inch.
- Connect Your Wallet: Connect your Trust Wallet to the DEX.
- Trade ETH for Botto (BOTTO): Select ETH as the payment and Botto (BOTTO) as the coin you want to acquire.
- Apply the Swap: Confirm the transaction and wait for it to complete.
- Head to Uniswap: Go to the Uniswap website.
- Select ETH and Botto (BOTTO): Choose ETH and Botto (BOTTO) in the dropdown menus.
- Specify Quantity: Enter the quantity of ETH you want to exchange for Botto (BOTTO).
- Swap: Confirm the transaction and wait for it to complete.
Remember to carefully consider fees, security, and market risks before making any purchases.
