The first open-source peer-to-peer digital currency for science geeks, powered by the prestigious education institute FH Technikum. Join the fast growing community!
It is also an opensource peer-to-peer cryptocurrency that utilises blockchain technology, a highly secure decentralised system of storing information as a public ledger that is maintained by a network of computers called nodes.
Follow the story of TechniKoin as it explores the greatest mysteries of applied science and seeks to educate the planet of its origin with the help of the friends its made during its explorations through the scientific literature.
Create a MetaMask wallet using either a desktop or an iOS/Android device.
Buy Ethereum on MetaMask or transfer it via ERC-20 from Coinbase, Binance, etc.
Provide access via clicking ‘Connect to a wallet’ and selecting MetaMask.
Press ‘Select a token’ & enter the token address or search for it on the tokens list.
The next evolution in DeFi platforms: TechniKoin gives users the ability to SWAP tokens to gain TECH returns through our sophisticated and innovative passive income reward system.
Technikoin (FHT) is a cryptocurrency token. Cryptocurrency is a digital or virtual currency that uses cryptography for security and is decentralized, meaning it is not controlled by any government, financial institution, or other central authority. Cryptocurrencies are powered by a technology called blockchain, which is a decentralized and distributed digital ledger that records transactions on multiple computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.
There are many different cryptocurrencies available, each with its own unique features and characteristics. Some of the most well-known cryptocurrencies include Bitcoin, Ethereum, and Litecoin. Cryptocurrencies can be used as a medium of exchange for goods and services, and they can also be held as an investment. However, they are highly volatile and their value can fluctuate significantly over short periods of time. It is important to understand the risks and potential rewards of investing in cryptocurrency before making any decisions.
It's mainly for marketing reasons, but there are several other reasons why a company might choose to create its own cryptocurrency:
To raise capital: One of the primary reasons companies create their own cryptocurrency is to raise capital through an initial coin offering (ICO). An ICO is a fundraising mechanism in which a company issues a new cryptocurrency and sells it to investors in exchange for other cryptocurrencies or fiat currency.
To facilitate transactions: Some companies create their own cryptocurrency to use as a medium of exchange within their own ecosystem. For example, a company might issue a cryptocurrency that can be used to buy and sell goods and services within their platform, or to pay for access to certain services.
To enhance security and transparency: Blockchain technology, which underlies most cryptocurrencies, offers a high level of security and transparency. By issuing their own cryptocurrency, a company can take advantage of these features to enhance the security and transparency of their operations.
To create new business models: Cryptocurrencies and blockchain technology have the potential to enable new business models and create new opportunities for companies. By issuing their own cryptocurrency, a company can explore these opportunities and test out new ideas.
A decentralized exchange (DEX) is a platform that allows users to buy and sell cryptocurrencies without the need for a central authority or third-party intermediaries. You do not need to register for an account. Simply connect your Metamask wallet and start trading ETH to FHT on the exchange.
The FHT-Exchange can be a great tool to stake funds and trade trustlessly and permisionlessly. Getting started on the FHT-Exchange is also very simple, requiring just a few steps.
1. Buy Ethereum from an exchange. The 1st step in getting connected to the FHT-Exchange is get Ethereum (ETH). Because the FHT-Exchange is based around the Ethereum network, buying ETH is the easiest way to start using the FHT-Exchange. While there are many exchanges to buy Ethereum, there are a few that stand out because of their low fees, simple interfaces and speed of transactions. Coinbase provides an easy approach to investing in cryptocurrency. It is also easy to send cryptocurrency across the blockchain, which will be important later on. Some other options for exchanges are Gemini.com and Crypto.com. After you create an account on an exchange, you can link your bank account and send funds to your account. Then, you use the funds to purchase ETH.
2. Send ETH to your Ethereum wallet. The next step in using the FHT-Exchange is to send your Ethereum to a wallet. A wallet differs from an exchange in that it is a place to store cryptocurrency, while an exchange allows for the buying and selling of cryptocurrencies. A great choice for an Ethereum wallet is MetaMask. MetaMask is a wallet that allows you to store, send and buy cryptocurrencies. You can also use hardware wallets, like Ledger. When you open a MetaMask account, you will be assigned a wallet address (usually a long string of numbers and letters.) This will be the address you will send your Ethereum to. On your exchange, navigate to your Ethereum position. From there, you should see an option to send your ETH. Click on this and enter the address from your wallet. Hit send, and your ETH should be in your wallet within a few minutes.
3. Connect your wallet to the FHT-Exchange. Once you have a wallet containing ETH, you can navigate to the FHT-Exchange app. In the top right, there will be an option to connect the wallet. Click this, and choose from the handful of supported wallets. If you are using the MetaMask chrome extension, you should be able to log in automatically. If you are using another supported wallet, you may have to enter in some information. Once you have connected a wallet to the FHT-Exchange, you are ready to begin using the technology.
4. Make your trade or provide liquidity. The 2 primary functions of the FHT-Exchange are to make trades and provide liquidity. To make a trade, you simply select the amount of ETH and what token you would like to swap it with. If you would like to provide liquidity and stake your crypto positions, navigate to the “Pool” tab on the top of the screen. Here, you can select a currency pair such as ETH and Technikoin (FHT).
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