Taraxa (TARA) is an EVM-compatible smart contract platform utilizing a blockDAG structure with t-Graph consensus. It offers high transaction throughput, near-instant transaction inclusion, and sub-second block times. The platform is designed to be highly decentralized, allowing anyone to be a validator, and supports staking to earn rewards and secure the network. Taraxa aims to bridge the gap between AI and blockchain technology, enabling fast, fair, and faultless execution of anchoring transactions and smart contract operations.
Taraxa (TARA) is the native token of the Taraxa network, a Layer-1 blockchain that focuses on solving practical issues. The TARA token serves several purposes within the network:
Pay Gas Fees: TARA tokens are used to pay for transaction processing on the Taraxa network, including executing smart contracts and recording transactions on the blockchain. Users pay TARA tokens as gas fees to incentivize network validators and ensure the smooth operation of the blockchain.
Stake TARA to Secure Taraxa Network: Network participants can stake TARA tokens to secure Taraxa and earn staking rewards. Stakers help validate transactions and secure the network, and they are rewarded with additional TARA tokens as an incentive.
Medium of Exchange: TARA tokens function as a medium of exchange within the Taraxa ecosystem. Users can transfer TARA tokens to each other for various purposes, such as conducting business transactions or engaging in peer-to-peer transfers.
Governance Voting: TARA tokens are used for governance voting, allowing holders to participate in decision-making processes within the network.
Trading and Holding: TARA tokens can be traded against other cryptocurrencies on various exchanges, and users can hold them long-term if they believe in the future potential of the Taraxa project.
To store Taraxa (TARA) tokens, you can use various wallets that support Ethereum-compatible networks. Here are some options:
- Metamask: You can import TARA tokens to Metamask, which is compatible with the Taraxa network.
- Ledger Wallet: Create an Ethereum wallet on your Ledger device and connect it to Metamask to manage TARA tokens. This is possible because Taraxa is ETH-compatible.
- Atomic Wallet: This multi-asset wallet supports over 1,000 coins and tokens, including Taraxa. It offers features like instant swaps, staking, and cashback.
- Hardware Wallets: Taraxa recommends using hardware wallets for added security, as they keep private keys encrypted and never exposed.
These wallets allow you to manage and store your TARA tokens securely and conveniently.
To buy Taraxa (TARA) tokens, follow these steps:
Create an account on a cryptocurrency exchange:
- Choose a reputable exchange such as KuCoin, CoinEx, gate.io, or MEXC.
- Register by providing necessary information, including your email address and a secure password.
- Complete any required identity verification steps.
Fund your exchange account:
- Deposit fiat currency using methods like credit/debit cards, bank deposits, or third-party payment channels.
- Alternatively, purchase a cryptocurrency like USDT, ETH, or BNB that can be easily exchanged for TARA.
Buy Taraxa (TARA):
- Navigate to the exchange's Buy & Sell section.
- Select Taraxa (TARA) as the cryptocurrency you want to buy.
- Choose your preferred order type, such as Market Order, Stop Order, Limit Order, or TWAP Order.
- Transfer TARA to your wallet:
- Once purchased, you can hold TARA in your exchange account or transfer it to a personal cryptocurrency wallet like MetaMask, Ledger, or Trezor for added security and flexibility.
Remember to research and compare fees, security features, and supported currencies before selecting an exchange. Additionally, ensure you understand the different order types and their implications on your purchase.
