The ChangeNOW Token (NOW) is a hybrid-network utility token introduced by ChangeNOW, a leading instant crypto swap service. It serves as an internal currency for various products within the NOW ecosystem, including asset listing fees, staking, and cashback rewards. NOW Token is available on multiple blockchain networks, including Ethereum (ERC20) and Binance Smart Chain (BEP2), and can be staked to earn up to 12.5% yearly ROI. The token is designed to provide utility and value to users and businesses, with regular quarterly burns to increase its value.
The NOW Token (NOW) is the native digital asset of the ChangeNOW ecosystem. It serves as a utility token, offering various benefits and use cases within the platform. Here are some key ways the NOW Token is used:
Payment for Asset Listing Fees: NOW Token is used to pay for asset listing fees on the ChangeNOW platform.
Staking: Users can stake NOW Tokens to earn up to 6.25% annual revenue. The longer the stake is held, the greater the rewards.
Cashback: Users can receive cashback in NOW Tokens when using ChangeNOW and NOW Wallet services.
Accelerated Support: NOW Token holders receive accelerated support for various ChangeNOW products and services.
Participation in Giveaways: NOW Token users can participate in giveaways and win prizes.
Unlimited Opportunities: NOW Token holders can access special offers and benefits across the ChangeNOW ecosystem, including 24/7 support, best rates, and fixed-rate and standard flows.
Swapping: NOW Tokens can be swapped on the ChangeNOW platform for other cryptocurrencies or between networks such as ERC20 and BEP20.
Payment Gateway: NOWPayments, a crypto payment gateway, allows merchants to accept NOW Token payments and donations, providing a convenient way to integrate crypto payments into their businesses.
These use cases highlight the versatility and utility of the NOW Token within the ChangeNOW ecosystem.
To store NOW Token (NOW) tokens, you have several options:
Hot Wallets: You can store NOW tokens in hot wallets, which are online wallets that allow quick and easy access to your crypto assets. Hot wallets are provided by exchanges like ChangeNOW and Uniswap, as well as third-party wallets like NOW Wallet, Guarda, Trust, Zelcore, Trustee, Edge, and D’Cent. To set up a hot wallet, you need to create an account, complete the know-your-customer (KYC) requirements, and deposit your NOW tokens.
Paper Wallets: For offline storage, you can use paper wallets. Paper wallets are low-tech options that involve generating private and public keys and printing them out. This method is more secure but less convenient for frequent transactions.
Cold Storage: For large amounts of NOW tokens, you can use cold storage methods like hardware wallets, which are highly secure offline storage devices.
NOW Wallet: The NOW Wallet, specifically designed for NOW tokens, offers staking and cashback features. You can earn up to 6.25% ROI yearly by staking your NOW tokens in this wallet.
NOWPayments: NOWPayments is a crypto payment gateway that allows merchants to accept NOW tokens as payment. It integrates with various tools and provides a convenient way to process crypto transactions.
Regardless of the storage method you choose, ensure you follow the necessary security measures to protect your private keys and keep your NOW tokens safe.
To buy NOW Token (NOW) tokens, follow these steps:
Find a Reliable Centralized Exchange: Look for a trusted centralized exchange where NOW Token is listed. You can refer to CoinMarketCap to find the list of exchanges that support NOW Token.
Set Up a Crypto Wallet: Download and set up a crypto wallet like Trust Wallet, which supports the Ethereum network. Ensure you keep your seed phrase safe and note your wallet address.
Buy ETH as Base Currency: Buy Ethereum (ETH) as your base currency on a platform like Binance. If you are new to Binance, refer to their guide on buying your first cryptocurrency.
Transfer ETH to Your Wallet: Transfer the purchased ETH from Binance to your Trust Wallet. Make sure to set the network to Ethereum and provide your wallet address.
Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as 1inch. Connect your Trust Wallet to the DEX using your wallet address.
Trade ETH for NOW Token: On the DEX, select ETH as the payment and NOW Token as the coin you want to acquire. If NOW Token does not appear, find its smart contract address on Etherscan and paste it into the DEX.
- Complete the Swap: Once you have set up the trade, click the Swap button to complete the transaction. Be cautious of scams and ensure you have the official contract address.
Remember to carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before making any investment decisions. Cryptocurrency prices are subject to high market risk and price volatility.