Ever wanted to buy Yummy Coin? This article will help you out. You may have a few questions (who doesn’t!), but we hope to answer them all and make your experience of buying Yummy Coin as straightforward as possible. The cryptocurrency market has experienced a remarkable expansion in recent years, with the prices of popular cryptocurrencies surging.
As a result, individuals have become selective in their choices, with numerous options available. Therefore, this article will focus on purchasing Yummy Coin, providing information on where and how to buy it. This article covers everything you need to know for those seeking guidance on this topic.
What is Yummy Coin?
Buying and selling have become a trend all over the world. Nowadays, people buy or sell using cryptocurrencies. Unlike fiat currencies, cryptocurrencies cannot be used to pay your debts or taxes. Also, you cannot use them directly in your daily life but only when trading something for an item you want or need. Numerous investors are interested in Yummy because it is recognized as a charitable organization.
According to the crypto’s official website, its developers have pledged to donate 3% of each transaction to a charity wallet. Yummy Coin aims to eradicate world hunger, and this digital currency has garnered support from several renowned celebrities. Recently, he endorsed Yummy Coin on Twitter, declaring that he had invested thousands of dollars in the project. The cryptocurrency is issued as a BEP20 token on the Binance Smart Chain.
On September 19th, 2021, YUMMY entered the market with a total supply of 445,577,510,906 tokens, currently valued at USD 4,281,609.97. YUMMY’s current price is $0.00000428, ranking 1335 on Coinmarketcap, with a recent increase of 36.77 percent.
Although YUMMY has been listed on several cryptocurrency exchanges, it cannot be bought directly with fiat money, unlike other cryptocurrencies. Nonetheless, you can purchase YUMMY by buying USDT from any fiat-to-crypto exchange and then transferring it to an exchange that trades this coin. In this guide, we will walk you through purchasing YUMMY.
How Does YUMMY Coin Work?
The YUMMY Exchange Wallet has been designed to host a decentralized open-source blockchain successfully. The wallet is compatible with both the Ethereum and Binance chains. Hence it allows users to trade on both blockchains without any additional cost.
When you purchase YumCoin tokens, you can exchange them for other currencies if your platform supports one of these cryptocurrencies. Yummy’s developers are also developing a feeless payment system compatible with Visa and MasterCard standards.
You can use YummyCoin as a form of payment, and if you are an investor, you can exchange it for other cryptocurrencies.
However, you cannot use it for paying taxes or debts. While YUMMY is owned by the Yummy Foundation and is not to be used as a currency on this platform, the YummyCoin developers have pledged to donate 3% of each transaction to a charity wallet that will be used to feed hungry children around the world.
Yummy Crypto is a distinctive token ecosystem that combines contract tax tokenomics with staked money (Growth Fund), a staking platform for a single token that offers secure asset staking and educational resources to benefit all token holders. Yummy also has a team of professional and dedicated community members guiding the project.
Unlike other tax/reflect tokens, Yummy’s ecosystem is not solely reliant on token volume or price for long-term sustainability. It includes a $1.2M “Growth Fund,” generating staking income used to repurchase Yummy tokens (creating daily buying pressure), burn them (reducing supply), and provide long-term staking incentives. This approach enhances the token’s stability and creates a sustainable ecosystem.
Step By Step Guide On How To Buy Yummy Coin
1) Register On Any Crypto Exchange:
You need to have a cryptocurrency exchange account to buy Yummy. Due to the many exchanges available, this step can be slightly confusing, but it should take a little time to complete. Like most other cryptocurrencies, it is not currently possible to buy YUMMY directly. You will initially be required to purchase either Bitcoin (BTC) or Ethereum (ETH). To proceed with this stage, you must create an account on one of the reputable cryptocurrency exchanges, such as Coinbase.
2) Open a Fiat-to-Crypto Exchange account:
Once your BTC and ETH are stored in a cryptocurrency exchange, you can exchange them for USDT. Once you have purchased USDT, this is the first step to complete your Yummy purchase. To get started, you must purchase a significant cryptocurrency, in this case, denominated in USDT (USDT).
In this piece, we will provide a comprehensive overview of two of the most popular fiat-to-cryptocurrency exchanges, namely Uphold.com and Coinbase.com. Each exchange has its policies regarding fees and other features, which we will go over in greater depth in the following paragraphs. It is strongly suggested that you experiment with both of them to determine which is more suitable for you.
3) Purchase USDT using fiat currency:
You must transfer the purchased USDT from your crypto exchange account to the USDT address you created on the fiat exchange. If you need help with how to do this, please consult Coinbase or Uphold for more information. After completing the KYC procedure, you will be prompted to select a payment method. You can either submit a credit/debit card or bank transfer. Credit card providers may charge higher fees due to the unpredictable nature of card charges, but the transaction is quick. On the other hand, a bank transfer is less expensive but may take longer, depending on your location. Some countries offer fast cash deposits with low costs.
Once ready, go to the ‘Transact’ screen, select your fiat currency under the ‘From’ section, and USDT under the ‘To’ section. Review your transaction, and if everything looks good, confirm it. Congratulations, you’ve made your first cryptocurrency purchase!
4) TRANSFER USDT to an altcoin exchange:
To exchange YUMMY, an altcoin, we need to transfer our USDT to an exchange that supports it, such as BitMart. BitMart is a well-known cryptocurrency exchange that offers numerous trading options for altcoins.
Located in the Cayman Islands, BitMart has been accessible to the public since March 2018 and has impressive liquidity. As of March 20th, 2020, during the height of the COVID-19 pandemic, BitMart’s 24-hour trading volume was USD 1.8 billion, making it the 24th largest exchange platform, according to Coinmarketcap. Unlike many exchanges, BitMart accepts customers from the United States and has a full order book.
Like UpHold, you must follow a similar process to establish an account with BitMart, including setting up 2FA verification for added security.
5) Make a USDT deposit to exchange:
Depending on the exchange’s regulations, you may need to undergo a secondary KYC procedure, which typically takes thirty minutes to a few days. However, the process is usually straightforward. Once completed, you should have full access to your exchange wallet.
You’ll see a sequence of random numerical values labeled “USDT address” in the right box, representing your unique public address for your USDT wallet on BitMart. You can receive USDT by providing this address to the sender. As we’re transferring previously purchased USDT from UpHold to this wallet, click “Copy Address” to save it to your clipboard.
Next, return to UpHold, visit the Transact page, select USDT in the “From” section, enter the amount to transfer, and enter “USDT” under “Crypto Network” in the “To” field. Finally, hit “Preview Withdraw.”
On the following page, paste the wallet address from your clipboard. For safety reasons, always double-check that both addresses match. After reviewing, click “Confirm” to proceed. You should receive a confirmation email immediately; click the verification link to start the transfer to BitMart.
Once you’re back in BitMart, navigate to your exchange wallets; don’t worry if you don’t see your deposit immediately. It’s likely still being validated in the blockchain network, and it may take a few minutes for your funds to appear. It could take much longer during peak traffic periods, depending on the USDT network’s network traffic. BitMart should send you a confirmation email when your USDT arrives. Finally, you’re ready to buy YUMMY!
6) Swap YUMMY:
To purchase YUMMY, head back to BitMart and select “Exchange.” You’ll see a search box on the right-hand side of the page. Make sure “USDT” is selected because we’re trading USDT for an altcoin pair. Type in “YUMMY,” and you’ll see YUMMY/USDT. Select that pair, and the YUMMY/USDT price chart will appear in the center of the screen.
Below the chart is a box labeled “Buy YUMMY” with a button inside. Choose the “Market” option since it’s the easiest purchase order type. You can enter a specific amount or choose a percentage of your deposit to spend on the purchase. Once you’ve verified everything, click “Buy YUMMY.” Congratulations, you’ve successfully purchased YUMMY!
Where to Buy YUMMY?
Yummy Coin has been listed on PancakeSwap, a decentralized exchange. However, purchasing it is more complex than purchasing it through the Coinbase wallet. Nonetheless, those who have invested in new cryptocurrencies should know the process.
To get started, you need to deposit some Binance Coin into your wallet, which can be done using most of the top cryptocurrency wallets. The Yummy Coin website recommends Trust Wallet, which we also suggest. Then, head over to PancakeSwap, select the “Unlock Wallet” button, deposit some Binance Coin, and exchange it for Yummy Coin. While the process may seem daunting for new investors, you will become an expert with a few trades.
Why Yummy Coin?
Yummy Coin is one of the more popular tokens on UpHold. On the surface, Yummy Coin is all about its impressive graphics, which occasionally take a back seat to convey its wholesome purpose. The coin’s playful dog and pizza imagery suggest a lighthearted vibe, but its goal is to address world hunger. Despite its unconventional approach, Yummy Coin has already achieved a level of success that rivals many billionaires who have taken up the challenge.
In less than a month since its launch, the Yummy Coin team has donated over $600,000 to Binance’s Lunch for Children program. Skeptical readers can verify this by examining the charity wallet.
So, how has this new cryptocurrency raised such a significant sum quickly? It’s thanks to the combined efforts of holders and traders, who work together to make it happen. Every time a Yummy Coin is traded, it triggers an automatic 9% transaction tax directed towards a verified charity targeting world hunger.
This tax is split into three equal parts, with one-third going to the holders, one-third to the locked liquidity pool, and the final third into a charity fund. The ultimate aim is to donate $700,000 to charity every week, and this goal seems achievable shortly.
Is YUMMY Coin a Good Investment?
Yummy Coin wants to address the world’s food crisis and provide people with a more sustainable alternative to animal agriculture. However, it’s still a cryptocurrency, and this approach is not guaranteed to bear fruit. Its charitable foundation is unique because it is transparent and effective, which are qualities many “altcoin” tokens lack.
Yummy Coin aims to build a strong trust-based community aspect as well. YUMMY is regarded as an excellent investment by industry professionals and market participants. It is incredible to see the value increase over time. Because of this, the investment will likely result in a substantial reward.
Investing in Yummy Coin is fraught with peril because of the need for more clarity surrounding its future. It is difficult to say with any degree of accuracy whether or not this new token will reach the moon. Early adopters stand to gain if Yummy Coin achieves widespread adoption and maintains its rapid expansion. And it could help feed needy people throughout the world.
It’s hard to think that the Yummy Coin team only recently conceived the idea behind their one-of-a-kind cryptocurrency, but they did so in the past few months. They started by assembling a team of individuals with expertise in technology and marketing for various media platforms.
After that, a website, a token sale, and a 10-year lockup on the Yummy Coin liquidity pool were all simultaneously unveiled one after the other. In addition, Yummy Coin announced its identity as a community-owned cryptocurrency before the start of the project. After that, it was uploaded to the online marketplace known as PancakeSwap. Nevertheless, that are only some things that Yummy Coin has in store for us in the future.
There are plans to develop a marketplace for things, another for non-profit organizations, and the obvious marketplace for charitable donations. The product development team is working diligently on integrating a payment processing system that will accept Yummy Coin and the main credit cards now in use.
A charitable contribution will be made in response to each purchase. This brand-new currency holds great potential for the years to come. Assume it can continue advancing at the same rate as it is now. So, let’s go on to the most important question. In the most recent three months, YUMMY has experienced a decrease of 50.27 percent.
Due to the limited size of the market, we should probably predict that this volatility will persist. Nonetheless, in the field of cryptography, three months is still considered a very early stage. There is a possibility that YUMMY’s share price will increase if the company has a competent management team and keeps the pledges made in its white paper.
Traders should proceed cautiously and conduct an exhaustive investigation to determine whether or not a credible development team backs YUMMY and whether or not YUMMY’s technology has room for expansion.
Conclusion
Yummy Coin is an interesting new entity in the cryptocurrency world. It’s not just another random coin; it is a brand-new concept that might help to overcome a pressing global issue.
The charity aspect is quite novel and exciting in itself. YUMMY is most definitely an asset to keep on the radar moving forward. We’ve already witnessed its rapid rise in value, and there’s no reason to assume that this trend will only continue for a short period.
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