ETHAX is a cryptocurrency token powering a machine learning digital asset trading platform. The platform, known as ETHAX Trader, is a non-custodial trading platform that utilizes machine learning technology. Users will be able to pay license fees for the software using ETHAX tokens as well as other major cryptocurrencies.
ETHAX (ETHAX) is a utility token designed for use within the ETHAX ecosystem. It serves several purposes:
- License Fees: ETHAX tokens can be used to pay license fees for the 'ETHAX Trader' platform, a machine learning-based digital asset trading system.
- Exchange: ETHAX tokens can be exchanged against other cryptocurrencies such as Bitcoin, USDT, BUSD, BNB, and more across multiple centralized and decentralized exchanges.
- Trading: ETHAX tokens are traded on decentralized exchanges like PancakeSwap (v2), where the most active trading pair is ETHAX/WBNB.
- Payment: ETHAX tokens can be used to pay fees within the ETHAX ecosystem, including the 'ETHAX Swap' zero-fee DEX and the upcoming 'ETHAX Wallet' multi-blockchain wallet.
These uses highlight the token's utility within the ETHAX platform, facilitating transactions and interactions within its ecosystem.
To store ETHAX (ETHAX) tokens, you can use a reliable crypto wallet. There are several types of wallets available, each with its own advantages and security features. Here are some options:
Hot Wallets: These are online wallets that allow for quick and easy access to your tokens. They are suitable for frequent trading and are often recommended for beginners. Popular hot wallets include Coinbase Wallet, MetaMask, and TrustWallet.
Cold Wallets: These are offline wallets that provide higher security by not being connected to the internet. They are ideal for storing large amounts of cryptocurrency over a long period. Cold wallets are considered one of the safest ways to store cryptocurrencies.
When setting up your wallet, make sure to:
- Create an account by providing your personal information and selecting a strong password.
- Note down your Secret Recovery Phrase or Seed Words carefully, as this is a precautionary measure in case you lose access to your wallet.
Once you have set up your wallet, you can transfer your ETHAX tokens to it for safekeeping.
To buy ETHAX (ETHAX) tokens, follow these steps:
Choose a Crypto Wallet: Select a reliable crypto wallet that works well in your area, accepts your payment method, and follows your preferred policies. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Download the wallet extension on Google Chrome or the wallet app from the iOS App Store or Google Play.
Set up Your Wallet: Create an account, provide your personal information, and select a strong password. You will be given a Secret recovery phrase or Seed Words, which is crucial to note down accurately in case you lose your wallet.
Buy Your Base Currency: Choose a cryptocurrency exchange platform and buy a base currency, such as Bitcoin, Ethereum, or Tether, which you will use to trade ETHAX.
Transfer Funds to Your Wallet: Withdraw your base currency to your crypto wallet by logging into your exchange account, providing your wallet address, and specifying the amount to transfer.
Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as Pancake Swap if you are using the Binance wallet. Compare trading fees and liquidity before making a choice.
Buy ETHAX (ETHAX): Connect your wallet to the DEX, select ETHAX from the list, and enter the amount you want to trade. Be cautious of market trends and diversify your portfolio to minimize risks.
- If ETHAX is Not Listed: Use bscscan or etherscan to locate the smart contract address if ETHAX is not listed on the DEX. Copy and paste the contract address into Pancake Swap, ensuring you have the correct address to avoid scams.
By following these steps, you can successfully purchase ETHAX tokens.