Etherland (ELAND) is a utility token used in the Etherland ecosystem, which aims to transform the real estate industry by providing critical decision-making information through its Estatepedia platform. The token is fully decentralized, with a fixed and low total supply, and more than 75% of ELANDs are in circulation. It is used to pay for bounties, grade subscriptions, and upcoming platform features. The ecosystem leverages Ethereum and IPFS to store and track property data, making users direct actors in data preservation and granting them control over their data.
Etherland (ELAND) is a utility token used within the Etherland ecosystem. It serves several purposes, including:
- Payment for Bounties: ELAND tokens are used to pay for bounties within the platform.
- Subscription Fees: ELAND tokens are used to pay for grade subscriptions.
- Platform Features: ELAND tokens are used to access and utilize various features within the Etherland platform.
The Etherland ecosystem focuses on transforming the real estate industry by providing critical decision-making information through its Estatepedia, which stores and tracks property data such as ownership history, renovation works, deeds, and more. This data is stored and verified using Ethereum smart contracts and IPFS (InterPlanetary File System), ensuring decentralized and secure data management.
To store Etherland (ELAND) tokens, you have two primary options: storing on an exchange or using a non-custodial wallet.
Storing on an ExchangeStoring your Etherland (ELAND) tokens on a centralized exchange (CEX) provides convenient access to various investment products and features such as spot and futures trading, staking, and lending. The exchange securely holds your funds, eliminating the need to manage and secure your private keys. However, it is crucial to select an exchange that implements strict security measures to ensure the safety of your crypto assets.
Non-Custodial WalletsFor enhanced security and control, you can store your Etherland (ELAND) tokens in a non-custodial wallet. This type of wallet grants you complete control over your private keys, ensuring that you have full ownership of your assets. You can use various types of non-custodial wallets, including hardware wallets, Web3 wallets, or paper wallets. Be sure to store your private keys securely, as losing them may result in the permanent loss of your Etherland (ELAND) tokens.
To buy Etherland (ELAND) tokens, follow these steps:
Choose a Crypto Wallet: Select a reliable crypto wallet that supports Etherland (ELAND). Popular options include Coinbase Wallet, MetaMask, and TrustWallet. Ensure the wallet is suitable for your trading preferences and follows your preferred policies.
Set up Your Wallet: Create an account, provide personal information, and set a strong password. You will receive a secret recovery phrase or seed words, which are crucial in case you lose your wallet. Record them accurately.
Buy a Base Currency: Choose a cryptocurrency exchange platform and buy a base currency like Bitcoin, Ethereum, or Tether. This will be used to trade ELAND. For beginners, start with a small amount to avoid risks and be aware of market trends, trading fees, and crypto taxes.
Transfer Funds to Your Wallet: Withdraw your base currency to your crypto wallet. Log into your exchange account, provide your wallet address, and specify the amount to transfer. Wait briefly, and the funds should appear in your wallet.
Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet. Compare trading fees and liquidity of the trading pairs. Higher liquidity typically leads to better pricing and tighter spreads.
Buy Etherland (ELAND): Connect your wallet to the DEX and start trading. Select ELAND from the list and enter the amount you want to trade. Be cautious of market hype and avoid FOMO trading. Diversify your portfolio to spread risks.
- Use Smart Contracts if Necessary: If ELAND is not listed on the DEX, use bscscan or etherscan to locate the smart contract address. Copy and paste it into the DEX, ensuring you have the correct contract address to avoid scams.
Alternatively, you can buy Etherland (ELAND) through a centralized exchange (CEX) like Binance or KuCoin. Create an account, verify your identity, add a payment method, and buy ELAND using fiat currency or by exchanging a popular cryptocurrency like USDT or BTC.
