Carbon Protocol (SWTH) is a layer 1 protocol with a suite of financial decentralized applications (dApps) designed to provide affordable and easy-to-use DeFi investment tools. SWTH is the native cryptocurrency and governance token of Carbon, used as the default network fee token for any transactions within the network. It is also used for staking, which ensures security through a delegated Proof-of-Stake (dPOS) consensus mechanism, generating rewards from network and trading fees.

SWTH holders have voting rights in governance decisions, such as determining the borrowing limits for the Carbon stablecoin in various money market pools. This allows them to influence the ecosystem's development and utility. Additionally, SWTH stakers receive discounts on minting Carbon stablecoin and a share of the revenue generated by the stablecoin, further incentivizing their participation.

The token's utility is expected to increase with the introduction of the Carbon stablecoin, which will add more value and utility to SWTH stakers. This includes tiered discounts on minting the stablecoin, more revenue generated from the stablecoin's transactions, and potential future money market and liquidity pools that utilize the Carbon stablecoin.

To store Carbon Protocol (SWTH) tokens, you have several options depending on your needs and preferences:

1. BYDFi Account: You can store your SWTH tokens in your BYDFi account. This option provides quick access to trading products like spot and contract trading, savings, and lending. BYDFi acts as the custodian of your crypto assets, saving you the hassle of managing private keys. Ensure you set strong passwords and upgrade your security settings to prevent malicious actions.

2. Decentralized Wallet: For enhanced security, you can withdraw your SWTH tokens to a decentralized wallet. This allows you to manage your private keys directly. You can use various types of wallets, including smart wallets, Web3 wallets, or paper wallets. Be sure to store your private key securely, as losing it could result in the permanent loss of your assets.

3. Carbon Protocol Wallet: You can also store your SWTH tokens in a wallet specifically designed for the Carbon Protocol. This wallet is generated upon request when you deposit tokens to the address displayed on the deposit page of Carbon Protocol.

Each option has its pros and cons, so it's essential to consider your specific needs and preferences when choosing how to store your SWTH tokens.

To buy Carbon Protocol (SWTH) tokens, follow these steps:

1. Open an account on a reliable exchange: Choose a trusted exchange like BYDFi or Binance. Sign up with your email or mobile number and create a strong password to protect your account.

2. Verify your account: Enter your personal information and upload a valid ID card to verify your identity. This step is crucial for security and compliance.

3. Add a payment method: Once your account is verified, add a payment method such as a credit/debit card or bank account. This will allow you to fund your account and purchase SWTH tokens.

4. Choose a buying method: You can buy SWTH tokens directly with your added payment method or through third-party channels. BYDFi also offers a spot market where you can exchange other cryptocurrencies for SWTH.

5. Complete the transaction: Preview the transaction details and confirm your purchase. Once the transaction is complete, the SWTH tokens will be added to your account.

Additionally, you can store your SWTH tokens securely using a multi-asset wallet like Atomic Wallet, which supports over 1000 cryptocurrencies and offers private, secured, and 24/7 online support.