METAMUSK is the Elon Musk Metaverse fan token. Created by an enthusiastically supportive fandom, this coin hopes to generate funds to donate to Elon Musk himself via a metaverse space game.
In this article, we will discuss this coin’s interesting background and how to buy it.
What is METAMUSK?
METAMUSK is the native token to the ‘Musk Metaverse’ project. This unique project seeks to create an ecosystem of Elon Musk cryptocurrency tokens that orbit both Elons celebrity status and some of the projects associated with his name or bought by his company.
The Metaverse project itself is a space fairing video game in which players own, trade, and breed NFT assets such as spacecraft, planets, and avatars.
This coin does not have any direct endorsement or affiliation with the mars man himself, instead, the coin’s whitepaper outlines that after the roadmap for the token is completed, a whole 50% of the entire coin will be donated directly to Elon Musk. In essence, this coin is a fandom coin and according to its whitepaper Elon’s work is described as a ‘spaceship of hope’ and ‘created by the purpose of honoring the best person on the planet, and as well as the richest person on earth in the field of technology: Elon Musk’
Interestingly Elon himself in an interview claimed that he didn’t find the concept of the metaverse ‘compelling.’
At the time of writing this coin has a global ranking of #4605, a market cap of $75,854145 according to coinmarketcap. On the technical level, the coins architecture functions via the ERC-20 and is built upon the Binance blockchain system.
Step 1: Register on Fiat-to-Crypto Exchange
So, to begin, you’ll need to buy another cryptocurrency, which you’ll then swap for METAMUSK. The two most popular currencies to start with are Bitcoin (BTC) and Ethereum (ETH), however, we’ll use Ethereum in our example.
You must first register with a Fiat-to-Crypto Exchange in order to acquire ETH. When it comes to picking a crypto exchange, you have a lot of possibilities, and each one is a little different, so it’s a good idea to look around. However, as an example, we’ll utilize CryptoWallet.
CryptoWallet is a popular, secure, and easy-to-use app that can be downloaded from the Apple App Store and Google Play Store. Simply follow the onscreen instructions to link one of your fiat accounts to your new CryptoWallet account after downloading. After that, you may deposit fiat cash directly into your CryptoWallet account, which will then be available for trade.
Step 2: Buy ETH with Fiat Money
Now that you have some ETH in your CryptoWallet account, you may exchange it for cash.
Go to the CryptoWallet app’s trading page and seek ETH. Then, after deciding how much you want to spend and how much you want, click “Buy.” CryptoWallet features various price comparison charts, market data statistics, and trading tools to assist you in making the best financial decisions.
After your ETH purchase is done, there will be a brief confirmation period before the quantity of ETH purchased, as well as any remaining funds, are displayed in your CryptoWallet account.
Step 3: Transfer ETH to an Altcoin Exchange
So now that you’ve got some ETH, you’ll want to exchange it into METAMUSK on an altcoin exchange.
There is a huge range of cryptocurrency exchanges available online, so one must be cautious while choosing one that best matches their needs. One of the first things to check for in an altcoin exchange is whether or not it supports the trading pair in question, in this example, ETH/METAMUSK.
METAMUSK is the native coin of the Musk Metaverse, which features its own exchange. As a result, we will be using this token native altcoin exchange in this instruction.
Now register on the Musk Metaverse official site and begin trading. This registration process is pretty simple and so you’ll be ready to go in no time.
Once created use your CryptoWallet account and send some ETH to your new METAMUSK account. On the Musk Meta “funds” page, select “deposit money” from the drop-down menu. You will then be given a wallet address or a QR code via Musk Meta. After that, select funds from your CryptoWallet account. Scanning/entering the Musk Meta address and the amount you wish to send to your CryptoWallet is now possible.
Your ETH will appear on your Musk Meta account after a brief confirmation period, and you may swap it for some METAMUSK coin. Now on the Musk Meta trading menu, choose the ETH/METAMUSK trading pair and the amount you want to swap.
You have now become the proud owner of your very own METAMUSK!
Last Step: Store METAMUSK Securely
Now that you’ve purchased some METAMUSK, you’ll probably want to know where you can keep it, so it’s time to start thinking about wallet systems.
In the case of METAMUSK, a wallet that supports the BEP or ERC-20 standard should be able to safely hold the cryptocurrency. The most popular are MetaMask and the Binance Smart Chain Wallet.
After you’ve found a wallet you prefer, go to Musk Meta’s ‘withdraw money’ option and input or scan your METAMUSK code into your new wallet’s address field. In a short time, your METAMUSK will be safely stored in your new wallet.
Keeping an eye on the CryptoWallet app in the future could be a good idea. While it lacks METAMUSK at the moment, it is secure, clear, and simple to use, with a roadmap for future currencies in the works.
Other Useful Tools for Trading METAMUSK
While we can’t provide you with trading or financial advice, we can however give you a quick rundown of some of the tools available on most exchanges that, when utilized properly, may help you make the best financial decisions with your assets.
The On-Balance-Volume (OBV) indicator is a handy and simple tool that shows positive and negative volume movement as well as changes in the trend’s value direction.
The Average Directional Index (ADI) is a straightforward indicator that tells traders how strong a supply or demand trend is. The asset’s movement intensity may assist you in determining how frequently long motions occur.
The Stochastic Oscillator is a common tool used by traders to track the price of an asset over time and in connection to a particular event, allowing them to make better and more informed financial decisions.
Can I buy METAMUSK with cash?
You can’t buy them with fiat money, like many other altcoin cryptocurrencies. Instead, you may buy an already existent cryptocurrency like Bitcoin or Ethereum and then swap it for the altcoin you want on an altcoin market. Take a look at the instructions above to learn how to achieve this.
Are there any quick ways to buy METAMUSK in Europe?
There are several altcoin exchanges that can handle swapping an existing cryptocurrency for METAMUSK, and the majority of these alternatives, such as Musk Meta, are widely available in the European Union. Check out our instructions on how to sign up for an altcoin exchange above!
Are there any alternative platforms to buy METAMUSK or Bitcoin with credit cards?
No, you cannot buy METAMUSK using a credit card; however, you may use the above-mentioned procedure to swap another cryptocurrency for METAMUSK. Bitcoin, on the other hand, may be acquired with a credit card through online financing firms like eToro.