What is the use of CrSIP tokens?
Last updated
Last updated
CrSIP tokens are needed to create the SIPs in cryptocurrency with our CrSIP platform. It is the native utility token to use the CrSIP platform.
You can sell CrSIP tokens on our platform, i.e., you will receive an equivalent number of stablecoins (DAI/USDT/USDC) in return. You can then take the stablecoins and sell them on any popular platform to convert them into fiat currency.
CrSIP tokens can be purchased from CrSIP platforms using popular stablecoins such as (DAI/USDT/USDC). The exchange ratio of Stablecoins to CrSIP Tokens is 1:1. You can buy CrSIP tokens by following the below steps:
1. You will be redirected to the portal once you click on the “Launch App” button on the website.
2. Click on “Trade” and then choose “Buy CRSIP Tokens.”
3. Select any one stablecoin >> Enter the No. of CrSIP tokens you wish to purchase >> Click on Buy.
Click on “Confirm” to give permission to access your CrSIP.
Check the total gas price and click on “Confirm”.
Note: You will need to have some native tokens in your wallet, such as Matic (for polygon)/ BNB (for Binance Smart Chain BSC) to pay gas fees when swapping stable coins for CrSIP tokens.
To find the list of native tokens as per the Blockchain network, click here.
6. Click on “Dashboard” to check all the transaction details.
You can sell CrSIP tokens by simply following below steps:
1. You will be redirected to the portal once you click on the “Launch App” button.
2. Click on “Trade” and then choose “Sell CRSIP Tokens”.
3. Enter the CrSIP amount you want to sell. Number of stablecoins will automatically get selected and then click on “Sell”.
4. Click on “Confirm” to give permission to access your CrSIP.
5. Check the total Gas Fees and click on “Confirm”.
6. Click “Dashboard” to check the transaction details.
Note: The exchange ratio of CrSIP token to Stablecoin is 1:1.
Blockchain technology enables decentralization through the participation of members across a distributed network. It does not allow a single user to change the record of transactions.
to watch the video of How to Buy CrSIP tokens.
to watch the video of How to Sell CrSIP tokens
