Cellframe (CELL) is a service-oriented blockchain network built close to the hardware, providing efficiency on any machine. It features post-quantum encryption, a dual-layer sharding architecture, and a proof-of-stake consensus mechanism. The network allows for the creation of customizable subchains and tokens, enabling high-demand, high-load, and high-security services. CELL tokens are utilized for staking, delegating, and exchanging within the network.
The Cellframe (CELL) cryptocurrency is used for various purposes within the Cellframe ecosystem. Here are some of the key use cases:
Transaction Fees: CELL tokens are used to collect small fees from each transaction within the main Cellframe network.
Staking and Validation: Users can participate in the Cellframe staking program and launch master nodes to receive rewards for transaction validation.
Voting: CELL tokens are used for voting purposes within the Cellframe ecosystem.
Exchanges and Payments: CELL tokens can be exchanged for other assets within the Cellframe main network and used to pay for various services within the ecosystem.
Supporting Projects: CELL tokens can be used to support interesting projects in future auctions for Cellframe parachains.
Trading and Liquidity: Wrapped versions of the CELL token are available on the Ethereum and BSC networks, where they can be used to provide liquidity to exchanges as LP pairs.
These use cases highlight the versatility and utility of the CELL token within the Cellframe ecosystem.
To store Cellframe (CELL) tokens, you can use various wallets and exchanges that support the ERC20 or BEP20 protocols. Here are some options:
Centralized Exchanges (CEX): You can store your ETH and BSC CELL tokens at any CEX that supports ERC20 or BEP20 protocols. This includes exchanges like Gate.io, Uniswap, and HitBTC.
Trust Wallet: You can add Cellframe to Trust Wallet by purchasing CELL tokens through an exchange and then transferring them to your Trust Wallet. However, be aware that TrustWallet's ERC20 fees can be high, around $60 in some locations.
Metamask: You can store CELL tokens in Metamask, which supports both ERC20 and BSC tokens. This is a popular option, especially when paired with a hardware wallet like Ledger for added security.
Cellframe Native Wallet: For native CF-20 tokens, you can use the Cellframe mainnet and manage them with multifunctional applications like Cellframe Dashboard or Cellframe Wallet. The project plans to create its own hardware wallet and partner with reputable existing cold wallets in the future.
Hardware Wallets: Using a hardware wallet like Ledger or Keystone in conjunction with a software wallet like Metamask provides an additional layer of security for your CELL tokens.
Remember to always follow best practices for securing your digital assets and stay updated on the latest developments in the Cellframe ecosystem.
To buy Cellframe (CELL) tokens, you can follow these steps:
Buying Cellframe (CELL) on a Centralized Exchange (CEX)Choose a Reliable CEX:
- Select a trustworthy and reliable centralized exchange that supports Cellframe (CELL) purchases, such as Binance, MEXC, or KuCoin.
- Consider factors like ease of use, fee structure, and supported payment methods.
Create an Account:
- Register on the chosen exchange's website or app, providing necessary information and setting a secure password.
- Enable two-factor authentication (2FA) for added security.
Verify Your Identity:
- Complete Know-Your-Customer (KYC) verification, which may require government-issued identification documents.
Add a Payment Method:
- Follow the exchange's instructions to add a credit/debit card, bank account, or other supported payment methods.
Buy Cellframe (CELL):
- Use fiat currency to buy a popular cryptocurrency like USDT, ETH, or BNB, if supported.
- Then, exchange the purchased cryptocurrency for Cellframe (CELL) on the spot market.
Choose a DEX:
- Select a decentralized exchange that supports Cellframe (CELL) and your chosen wallet, such as 1inch.
Set Up a Crypto Wallet:
- Download and install a Web3 crypto wallet like Trust Wallet or Metamask, which is supported by the DEX.
- Create and set up a new wallet, keeping your seed phrase safe.
Transfer Base Currency:
- Transfer the base currency (e.g., ETH) from your CEX wallet to your self-custody crypto wallet address.
Connect to the DEX:
- Connect your wallet to the DEX by following the instructions on the DEX website.
Swap for Cellframe (CELL):
- Find the "Swap" option on the DEX, select the base currency as the "From" token and Cellframe (CELL) as the "To" token.
- Enter the desired amount and confirm the swap.
- Be cautious of scams and ensure you are using the official websites and apps of exchanges and wallets.
- Research and compare exchanges to find the best option for your needs.
- Keep your seed phrase and wallet address secure to prevent unauthorized access.
- Consider using a stablecoin like USDT as an intermediate step to reduce market volatility risks.
