In this guide you’ll get information about where to buy Seigniorage Shares, if you are planning to buy SHARE token – You’re in the right place!
Seigninorage Shares are a part of Dollar Protocol that claims to be a protocol with 2 token mechanisms: the Shares and the Dollars. Each of the token has its own functions and usages. Shares are designed as a useful investment instrument as well as a token of participant in the network’s upside. Dollars are designed as stabilization objects that will maintain the stability and consistency of the network.
Dollar Protocol itself is created as a set (or a suite) of algorithmic assets (the synthetic types) that are governed by the Shares holders. SHARE or Seigniorage Shares is created as the ERC-20 token with many functions. It is able to provide the holders the voting rights on-chain, especially related to platform upgrades and protocol amendments. The token also enables the token holders to receive seigniorage profits, which means that the platform encourages investment and utilization of digital assets for profitable outcome.
Those who hold SHARE governance token can enjoy the profitable outcome. The holders have governance rights covering various types of synthetic assets, such as YUAN, EUR, and USD. Theoretically, these assets could be pegged to values of ETFs, silver, gold, and others. This is the future plan for the upcoming platform’s growth.
- Official website: https://www.dollarprotocol.com/#/home
- Twitter: https://twitter.com/DollarProtocol
- Telegram: https://t.me/dollarprotocol
- Reddit: https://reddit.com/r/DollarProtocol
- Whitepaper: https://docs.dollarprotocol.com/
Table of Contents
Seigniorage Shares (SHARE) Features
- Decentralized system. The platform is able to upgrade contracts. It can also amend protocol parameters with a unique system of SHARE governance with the on-chain system
- Parametizable nature. This platform has multiple (and various) levers in which SHARE holders can change and modify. It includes time delays, payout ratios, and others.
- Multi-currency ability. The platform is able to issue multiple assets (with algorithmic synthetic type). All of these assets are able to accrue value for the (Share) holders
- Multi-token capability. The roles of stakeholders and users are separated, and the protocol is able to do so. They are differentiated to distinct (token) groups with xBOND, USDx, and SHARE
- Self-stabilizing technology. The platform has its own advanced and sophisticated system, in which synthetic assets utilize and use the (on-chain) price oracles.
Where to Buy, Sell and Trade Seigniorage Shares aka SHARE
You can basically use debit card, credit card, or even PayPal to buy the Seigniorage Shares (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Seigniorage Shares as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy Tether first. After you get the ETH or BTC or USDT, you can convert it to Seigniorage Shares. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT)
- Find a crypto exchange that supports Seigniorage Shares currency and exchange your Ethereum / Bitcoin / Tether with the Seigniorage Shares
- Store your Seigniorage Shares to a secured wallet
Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) or Tether (USDT)
There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.
The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.
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- You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
- Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
- You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.
That’s the first step in buying Seigniorage Shares, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with Seigniorage Shares:
Gate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions.
- Deposit Methods: Cryptocurrency Only
- Fiat Currencies: N/A
- Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 1040+ more
- Trading Pairs: 1801+
IMPORTANT! Once you are registered to the crypto exchange above, Go back to COINBASE and send your Bitcoin/Ethereum/Tether to your new exchange. Find the SHARE/BTC or SHARE/ETH or SHARE/USDT trading pair and then place the order to buy those pairing cryptocurrencies.
Most likely you’ll find this pair available to you SHARE/USDT – so you need to convert your BTC or ETH to USDT first in order to buy Seigniorage Shares (SHARE)
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Seigniorage Shares (SHARE) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy Seigniorage Shares (SHARE) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Seigniorage Shares. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy Seigniorage Shares (SHARE) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy Seigniorage Shares (SHARE) with Skrill?
You can’t buy SHARE directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Seigniorage Shares. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy Seigniorage Shares (SHARE) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair SHARE/BTC and begin the transactions.
Can I Buy Seigniorage Shares (SHARE) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support SHARE/ETH trading pair.
What Is the Best Payment Method to Buy Seigniorage Shares (SHARE)?
The cheapest way is to use bank account to buy Bitcoin or Ethereum or Tether first or to buy the Seigniorage Shares right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect Seigniorage Shares (SHARE)?
Once you have purchased the Seigniorage Shares, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell Seigniorage Shares (SHARE)?
Find a crypto exchange which allow pairing SHARE with BTC or ETH or USDT – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine Seigniorage Shares (SHARE) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Seigniorage Shares is to buy it from a reliable exchange.
Conclusion
Dollar Protocol is a decentralized platform with unique system and one-of-a-kind concept. One of them is the dual token systems, where one functions as investment and one is for stabilized object. This platform isn’t for everyone, but those who are interested in joining it should buy Seigniorage Shares (SHARE)
