The cryptocurrency market has experienced quite a dip recently, with crypto prices dropping to unimaginable lows. Many people believe that we are entering the next bear run. Even Vitalik Buterin, the co-founder of Ethereum, recently stated that cryptocurrencies are getting ready for the crypto winter. He even compared the situation we are in today with that of 2017… and he might be right. However, this crypto winter will not be that similar to that of 2017 since the cryptocurrency market has gained enormous attention in 2021. This makes the cryptocurrency market less speculative and keeps it healthy.
Although the market is not in a good position currently, the decentralized finance (DeFi) ecosystem is still growing. For some, a crypto winter is a good sign after all of the spikes the market had. This so-called crypto winter will give developers and teams to work on their projects and improve them, getting them ready for the next bull run. Such a period of time is more of a cooldown period for the market than it is a period of losses.
When it comes to the DeFi space, there are several things that people have a hard time accessing. One of the main issues is buying certain tokens. DeFi is growing rapidly, however, it has a long way to go before it becomes accessible by the average person.
Throughout this article, we will guide you through the process of buying Glow Token V2 – a revolutionary DeFi token.
What is Glow Token? #Glowtokenllc #GlowV2
Before we get into the process, let us briefly explain what this token is. Glow Token is a DeFi token operating on one of the most efficient blockchains, the Binance Smart Chain (BSC). This token claims to be the future of DeFi space and their brand represents just that – the illumination of the future of DeFi. Interestingly, they are one of the first DeFi tokens to focus and promote charity and education. It is true that several projects constantly donate to various charities. However, Glow Token promotes such actions, claiming that DeFi will thrive because of them.
One other weakness of the DeFi space is scams. People get scammed all the time when it comes to decentralized exchanges, tokens, and DApps. There were speculations that Glow Token is also a scam, however, we will show you why they are credible. Unlike most of DeFi tokens, Glow Token has a fully doxxed team which you can find on their website. Moreover, they are currently being audited by Certik and completed the Seek audit. As the cherry on top, they operate under Glow Token LLC – a limited liabilities company.
Just recently, they rebranded their project, improving its tokenomics as well. Today, the Glow Token’s ticker is GLOWV2, whilst before it was GLOW – so don’t mix them up. With the upgrade, the team of the project introduced three new features: Dividends, Lottery, and Charity.
This token took some inspiration from SafeMoon when it comes to how they reward their holders. Back in March 2021, SafeMoon introduced the DeFi space with the so-called reflections. Reflections serve as dividends in one way or the other. So, Glow Token uses reflections to reward its holders with BUSD through a process they call dividends distribution.
How to Buy Glow Token?
Currently, you can buy Glow Token on PancakeSwap, Floorz Trade, Dex Tools, SafeMoon Swap, Bogged Finance, and Glow Swap. Its market pairs include BUSD, USDT, and BNB. For the sake of the prosperous partnership between Glow and SafeMoon, we will guide you on how to buy Glow Token on SafeMoon Swap.
Step 1: Create an Exchange Account
The first thing you need to do when purchasing Glow Token is to create an account on a centralized exchange. For this step, we suggest you use Binance since it offers the most liquidity for BNB and BUSD. To create an account on Binance, you will need to surpass several levels of verifications, though. Then, after you do so, you will need to fund your account through the available payment methods.
Step 2: Buy BNB or BUSD
The reason why you had to open an exchange account is that you need to purchase BNB, BUSD, or USDT to buy GLOWV2. So, now that you have successfully opened and funded your exchange account, you are all set to purchase BNB, BUSD, or USDT. We suggest you either buy BNB or BUSD because of their low transaction fee.
To purchase BNB or BUSD, all you have to do is locate the ‘Markets’ tab, click on it, and search for BNB or BUSD market pairs. After you find a suitable pair, enter the amount of BNB or BUSD you want and execute the trade.
Step 3: Create a Web3 Wallet
Now that you have got your hands on some BNB/BUSD, you must create a Web3 wallet that supports the BSC network. One such wallet is MetaMask and another one is Trust Wallet. We will use MetaMask for this example, however.
To create a MetaMask wallet, you will need to install the MetaMask plugin into your browser. Then, you can start the process of creating your wallet. Please make sure that your store your recovery phrase somewhere safe because it is extremely important if you ever lose access to your wallet.
Step 4: Fund Your Wallet
Now that you have set up your non-custodial wallet, you are all set to fund it. Before funding your MetaMask wallet, however, you must add the BSC network to it. After you add the BSC network to MetaMask, you will have to send your BNB/BUSD there using the BSC network.
Step 5: Buy Glow Token V2 #GLOWV2
Now that you have funded your MetaMask wallet, you are ready to buy GLOWV2 tokens. First off, go to SafeMoon Swap. Then, connect your MetaMask wallet to SafeMoon Swap and select the tokens you want to swap. If you have bought BNB, select BNB and Glow Token V2. If you have bought BUSD, select BUSD and Glow Token V2.
After you enter the amount of GLOWV2 tokens you want to purchase, simply click on ‘Swap’.
Takeaways
- The cryptocurrency market has taken a hit recently, causing the prices to drop.
- Although most investors are preparing for a crypto winter, the DeFi space keeps on growing.
- One of the latest additions to this space is the upgraded Glow Token V2. They claim they will revolutionize the future of DeFi through what they offer.
- At the time of writing, you can find GLOWV2 on SafeMoon Swap, PancakeSwap, Dex Tools, Glow Swap, and Bogged Finance.
- Currently, GLOWV2 is not listed in any centralized exchange. This is understandable since it is a DeFi token.
- You can buy GLOWV2 by purchasing BNB/BUSD in a centralized exchange, sending it to a non-custodial wallet like MetaMask, and swapping them for GLOWV2 in SafeMoon Swap.