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What is WeBuy?

WeBuy (WE) is a utility token on the WeRent Platform, which allows users to rent and lend non-fungible token (NFT) assets. The token is used for staking, governance votes, and proposals to improve the ecosystem. It is deployed on the Klaytn Mainnet and supports various features such as fractionization, DAO, and multi-chain functionality.

How is WeBuy used?

The crypto WeBuy (WE) is a utility token used on the WeRent platform, which allows users to rent and lend non-fungible token (NFT) assets. The WE token serves several purposes:

  1. Staking Program: WE is used for staking, enabling users to earn rewards based on their tier level.
  2. Governance: The token is used for governance votes and proposals to improve the ecosystem of the WeRent platform.
  3. Fractional Ownership: WeBuy facilitates the fractional ownership of NFTs, making it possible for multiple people to own a single NFT together, thereby increasing liquidity in the NFT market.

How do I store WeBuy?

To store WeBuy (WE) tokens, you can follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports WeBuy (WE) tokens. Ensure the wallet is compatible with your device and has a user-friendly interface.

  2. Create a Wallet Account: Create an account on the chosen wallet platform. This typically involves setting up a username, password, and other security measures.

  3. Buy WeBuy (WE) Tokens: Purchase WeBuy (WE) tokens through a cryptocurrency exchange or a platform that supports direct purchases. You can use the KuCoin platform for this purpose.

  1. Transfer Tokens to Wallet: Once you have purchased the tokens, transfer them to your crypto wallet. This ensures that you have full control over your tokens.

  2. Secure Your Wallet: Always keep your wallet secure by using strong passwords, enabling two-factor authentication, and regularly updating your wallet software.

By following these steps, you can safely store your WeBuy (WE) tokens in a crypto wallet.

How to buy WeBuy?

To buy WeBuy (WE) tokens, follow these steps:

  1. Choose a Centralized Exchange (CEX):

    • Select a reliable and trustworthy crypto exchange that supports WeBuy (WE) purchases. Consider the ease of use, fee structure, and supported payment methods when choosing a crypto exchange.
  2. Create an Account:

    • Enter the required information and set a secure password. Enable 2FA using Google Authenticator and other security settings to add an extra layer of security to your account.
  3. Verify Your Identity:

  • Complete KYC verification, which may require government-issued identification documents. This step varies based on your nationality and region.
  1. Add a Payment Method:

    • Follow the instructions provided by the exchange to add a credit/debit card, bank account, or other supported payment method.
  2. Buy USDT, ETH, or BNB:

    • Use fiat to buy USDT, ETH, or BNB. You can use the service provided by the CEX which supports OTC trading or use a financial service platform like PayPal or Robinhood (available for US residents).
  3. Transfer to a CEX Supporting WeBuy (WE):

  • Transfer the purchased USDT, ETH, or BNB to a CEX that supports WeBuy (WE) trading in the spot market.
  1. Buy WeBuy (WE):
    • Use the transferred USDT, ETH, or BNB to buy WeBuy (WE) in the spot market.

Alternatively, you can also buy WeBuy (WE) via a crypto wallet by following these steps:

  1. Choose a Wallet:

    • Select a reliable and reputable crypto wallet that supports WeBuy (WE).
  2. Create a Wallet:

    • Create a new wallet address or import an existing one. Make sure you write down the seed phrase and keep it in a secure place.
  3. Buy USDT, ETH, or BNB:

  • Purchase the cryptocurrency using a supported payment method. Check the fees, since they may be higher than what exchanges charge.
  1. Swap for WeBuy (WE):
    • Alternatively, if your wallet doesn’t support direct fiat-to-WE purchases, you can first buy a more popular cryptocurrency like USDT, and then exchange it for WeBuy (WE) through your crypto wallet or on a decentralized exchange.

Remember to check the fees and security settings before making any purchases.

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History of WeBuy

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How WeBuy works

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WeBuy's strengths

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