Wagmi Coin (WAGMI) is the governance token of the WagmiDAO decentralized autonomous organization focused on cultivating a community dedicated to “wealth expansion” and embracing a “we’re all gonna make it” ethos.
Wagmi launched in mid-2021 and has grown to become a notable community token in the DeFi and DAO niche. This article will provide a step-by-step guide on the process of buying WAGMI coins in 2024 across various platforms and exchanges.
Overview of Wagmi Coin
Here is a quick introduction to Wagmi Coin:
- WAGMI is the native token of WagmiDAO which aims to build a community promoting positive crypto investment mindset and prosperity consciousness.
- 1 trillion fixed supply with no inflation. Currently over 550 billion tokens are in circulation.
- WagmiDAO has partnered with prominent DeFi projects like OlympusDAO, Euphoria and KlimaDAO.
- WAGMI holders receive discounted DAO services, boosted yields and governance rights within the WagmiDAO ecosystem.
- The token trades actively on Uniswap and Sushiswap DEXs and has been listed on top exchanges like OKX, Gate.io and Kucoin.
- WAGMI price has fluctuated between $0.30 to $2.50 since launch in 2021 driven by crypto market cycles.
Step 1: Select a Exchange to Buy WAGMI
The first step is to select a suitable exchange or platform to purchase WAGMI coins. Here are some of the best options to consider in 2024:
- OKX – Offers spot trading for WAGMI against USDT and BTC. Allows margin trading.
- Gate.io – Supports WAGMI spot and futures trading with leverage. Accessible globally.
- KuCoin – Allows buying WAGMI directly with credit card or P2P trading. Has lending and staking services.
- Bitfinex – Sophisticated trading platform with WAGMI paired against USD, BTC, ETH. Leveraged trading available.
- Uniswap – Most liquid DEX for swapping ETH or tokens for WAGMI. Requires MetaMask wallet.
- Sushiswap – Also has a WAGMI/ETH pool. Offers yield farming rewards. Lower fees than Uniswap.
- PancakeSwap – For swapping WAGMI using BNB or other BSC tokens. Integrates with TrustWallet.
Step 2: Create an Account and Deposit Funds
Once you have shortlisted a suitable platform, the next steps are to:
- Sign up and create an account by providing your email address and setting a strong password. Validate your account using the sent confirmation link.
- Complete identity verification (KYC) by submitting documents like passport, driver’s license etc. This is required by regulated exchanges.
- Fund your account by depositing cryptocurrency like BTC, ETH, stablecoins or fiat currency depending on allowed payment methods.
- For decentralized platforms, fund your compatible crypto wallet like MetaMask with ETH for gas fees and the amount you intend to swap.
- Ensure you have sufficient balance to cover your intended WAGMI purchase and any associated fees.
Step 3: Place Order to Buy WAGMI Tokens
You are now ready to execute the WAGMI token purchase order based on the exchange or platform:
- On the Markets page, search for the WAGMI trading pair such as WAGMI/USDT or WAGMI/BTC.
- Enter intended amount of WAGMI you wish to buy and preview order details. Make sure you account has sufficient balance.
- Set the preferred order type (Market, Limit etc.) and execute the buy trade for WAGMI at the desired rate.
DEXs like Uniswap or PancakeSwap
- Access WAGMI trading pair page – Connect wallet like MetaMask.
- Set slippage tolerance to 2-3%. Enter the amount of WAGMI you want to buy.
- Click Swap and confirm the transaction in your wallet. Pay gas fees for the swap.
- Once the transaction processes, WAGMI balance will reflect in your connected wallet.
Step 4: Transfer WAGMI to a Secure Wallet
Once you have purchased WAGMI tokens, it is good practice to transfer them to a secure crypto wallet instead of leaving them on the exchange:
- Copy your wallet address for WAGMI such as MetaMask, Trust Wallet etc. Ensure the wallet supports BEP-20 or ERC-20 tokens.
- On the exchange, select Withdraw option for WAGMI and enter your wallet address and withdrawal amount.
- Confirm WAGMI withdrawal transaction in your email and wallet. A blockchain network fee may apply.
- Once WAGMI balance shows up in your wallet, you have full control and possession of your tokens.
Step 5: Stay Updated on WAGMI Progress
As a WAGMI holder, stay updated on key ecosystem developments like:
- New DeFi integrations, partnerships and DAOs launched by WagmiDAO like staking opportunities.
- Upgrades to expand utility like WagmiPAY merchant payments network.
- Listing on additional centralized exchanges to improve liquidity access.
- Planned governance transitions and reward programs for engaged community members.
- Rising transaction volumes, on-chain activity and circulating supply dynamics.
- Social media channels and blogs covering Wagmi progress for timely updates.
WAGMI coin live price
Long-term Prospects for WAGMI
WAGMI is an established community token but needs sustained effort for long-term relevance:
- Cultivating an engaged community with shared prosperity values and knowledge sharing.
- Expanding partnerships with leading DeFi and DAO projects beyond hype-driven meme coins.
- Delivering ongoing value to WAGMI holders via staking rewards, discounted services, and governance rights.
- Boosting utility via merchant payments network, NFT collaterals, metaverse integrations.
- Managing circulating supply and acting in community’s interests during crypto bear markets.
If the WagmiDAO can focus on these aspects and continue rallying its community around a shared vision, WAGMI can potentially thrive as a core DeFi community asset through cryptoeconomic cycles.
WAGMI’s growth as a community token highlights the importance of shared values and coordinated action for decentralized networks. For investors who connect with Wagmi’s ethos, WAGMI offers a sense of belonging.
While subject to crypto volatility, WAGMI’s fixed supply and potential utility expansion provide long-term investment merits. By selecting suitable exchanges, following secure wallet practices, and staying updated on ecosystem developments, retail and institutional investors can gain exposure to this unique DeFi community asset.
Q. What is the total and circulating supply of Wagmi Coin?
Wagmi Coin has a fixed supply of 1 trillion tokens. As of January 2023, the circulating supply was around 550 billion WAGMI.
Q. What is Wagmi Coin’s current price and market capitalization?
WAGMI is currently trading around $0.50 with an approximate market capitalization of $250 million as of January 2023.
Q. Where can I store my WAGMI tokens?
WAGMI is both an ERC-20 and BEP-20 token, so it can be stored on wallets like MetaMask, TrustWallet, Ledger, and Trezor that are compatible with these standards.
Q. Is WAGMI Coin different from WagmiDAO?
WAGMI is the governance token of the WagmiDAO. Holding WAGMI tokens gives governance rights and access to DAO services but the two are separate entities.
Q. What blockchain networks does WAGMI run on?
The WAGMI token utilizes both Ethereum and Binance Smart Chain. This provides flexibility to users for buying, storing and transferring WAGMI coins.