Valor Token (VALOR) is a digital currency issued by SMART VALOR AG Switzerland. It serves as the native cryptocurrency for the SMART VALOR exchange, providing various utilities such as staking, fee savings, and governance participation. VALOR can be used as a form of payment and offers exclusive benefits to its holders, including special access rights, referrals, and rewards.
Valor Token (VALOR) is the digital currency issued by SMART VALOR AG Switzerland, primarily used on their exchange. It serves several purposes:
- Payment and Staking: VALOR can be used as a form of payment and for staking, providing investors with opportunities to invest in digital asset exchanges.
- Special Access and Perks: Holding VALOR tokens grants special access rights, referrals, rewards for active members, and other perks. Network services can be purchased at a reduced rate if paid with VALOR crypto tokens.
- Collateral Requirements: Asset issuers and professional service providers must post collateral requirements in VALOR tokens when they join the platform.
- Governance and Voting: VALOR token holders can participate in voting and strategic decision polls, giving them a say in the platform's governance.
- Fee Discounts: Using VALOR on the SMART VALOR exchange can result in a 30% reduction in transaction fees.
- Staking Rewards: VALOR holders can earn up to 7% per annum through staking.
These utilities make VALOR a versatile and valuable asset within the SMART VALOR ecosystem.
To store Valor Token (VALOR) tokens, you have several options:
- Exchanges' Wallets: You can store your Valor Token on the wallets provided by centralized exchanges like Binance Wallet.
- Crypto Wallets: You can use crypto wallets like Trust Wallet to store your Valor Token.
- Cold Wallets: For long-term storage, consider using cold wallets, which are more secure than hot wallets.
- Hardware Wallets: Storing your Valor Token in a hardware wallet and keeping it disconnected from the internet is also a safe option.
To buy Valor Token (VALOR) tokens, follow these steps:
Create an Account: Register on a cryptocurrency exchange that supports VALOR, such as Binance, Kucoin, or Kraken. Provide necessary information, including your email address and a secure password, and complete any identity verification steps.
Choose a Funding Method: Select a payment method to buy VALOR. Common options include credit or debit cards, bank deposits, peer-to-peer trading, and third-party payment channels. Ensure the exchange supports your chosen method.
Buy VALOR: In the exchange's Buy & Sell section, select VALOR as the cryptocurrency you want to purchase. Choose from various order types, such as market, stop, limit, or TWAP orders, depending on your trading strategy.
- Transfer to Wallet: Once purchased, you can hold VALOR in your exchange account or transfer it to a personal cryptocurrency wallet for additional security and passive revenue opportunities.
Remember to research the exchange's reputation, read user reviews, and compare different exchanges to find the most suitable one for your needs.