In this article, we will explore Tiger King coin (TKING), a popular altcoin that is seen by many as one of the leading memecoins. We will be discussing what this coin does, how it works, and how to get it.
What is TKING?
TKING is a community-created altcoin that was released in May 2020. This coin is sometimes referred to as a ‘memecoin’ as it was created as a direct reference to the hit Netflix show, Tiger King. Released in March of 2020 this hit series generated a huge amount of online traction and TKING was quick to move to capitalize on this ‘meme’ popularity.
On a technical level, TKING operates off the blockchain ERC-20 standard. At the time of writing TKING has an active market cap of over 2 million tokens and with an overall of 1 Trillion tokens in total.
In recent years TKING has moved towards creating greater degrees of utility for its token in the form of ChainChat. ChainChat is a private wallet-to-wallet dApp that allows users to browse, negotiate and trade NFTs with little to no brokerage costs. Additionally, TKING seems to enjoy good standing amongst the memecoin community for its community practice and its claim towards tiger conservation efforts.
Step 1: Register on Fiat-to-Crypto Exchange
To buy TKING you have to first be in ownership of another cryptocurrency, such as Bitcoin or Ethereum. For this example, we will be using Bitcoin (BTC). To purchase BTC you have to be registered on a Fiat-to-Crypto Exchange. CryptoWallet for example is one such app that allows fiat-crypto exchanges. This app is easy and safe to use and is readily available on the Apple store or Google Play Store.
To start the process simply follow the instructions given to you by your downloaded CryptoWallet app, and link one of your existing fiat accounts to the CryptoWallet account. From here you can deposit a select amount of fiat funds into your CryptoWallet account.
Step 2: Buy BTC with Fiat Money
Once your fiat currency is held within your CryptoWallet App you can now trade some fiat for Bitcoin. To start the trade, first navigate your way to the trading tab, select BTC, and the quantity you want to buy. With CryptoWallet’s easy-to-use interface and up-to-date market data, you will be enabled to make the right purchase, at the right time for the right amount.
CryptoWallet offers a variety of different options when it comes to converting fiat to crypto, trading crypto, and storing your funds. After you’ve purchased, your BTC and remaining fiat funds will be displayed in your account, enabling you to keep track of your funds.
Step 3: Transfer BTC to an Altcoin Exchange
Now that you have bought your preferred quantity of BTC your next step will be to trade that BTC for TKING. This can be achieved by finding an altcoin exchange that facilitates trade between BTC and TKING, often referred to as a ‘trading pair’ or BTC/TKING. When searching for an altcoin exchange it is wise to shop around for a platform that offers you a decent reputation and with good network fees.
For this example, we are going to use UniSwap. UniSwap is a popular altcoin exchange platform that hosts our desired BTC/TKING exchange. To use the platform you first have to register. Registry for UniSwap is a fairly simple process that involves following a few steps including registry, security details, and some verification.
After you’ve followed UniSwaps registry process you are free to trade on the platform. From here, navigate over to the ‘funds’ tab, select ‘deposit’ and follow the instructions, and deposit your desired amount of BTC. Depositing usually involves the use of code or a QR scan. After depositing your BTC there will often be a short confirmation period, that once completed you will be able to begin trading your BTC.
Now just find your way to the ‘trading’ tab, find the trading pair BTC/TKING, select your preferred style of market trade, your amount, and click sell. Congratulations, you have now successfully purchased some TKING coin!
Last Step: Store TKING Securely
Now that you have your TKING, it’s time to start considering how you are going to store your TKING. When shopping around for a crypto wallet, always keep in mind the specifics of your own needs and search for the best option that suits you. Do you need robust cold fund storage? Or perhaps versatile integration is more your speed?
Given that TKING is on the ERC-20 standard you have a host of different wallet options available. Here is a very short list of wallets to help you in your search.
Trezor One is a very secure and very reputable wallet option that will hold you TKING tokens as well as a host of other cryptos. This wallet is a hardware wallet and therefore is considered to be extremely safe from malware attacks, but is considered by some to be a bit pricey.
TrustWallet is every other well-known crypto wallet that can store your TKING. This wallet, unlike Trezor One, is a free app/browser extension. This widely available app is extremely well integrated into a host of android, apple, and IOS systems and can allow near seamless trade within different exchanges. But conversely lacks some of the security of a hardware wallet.
Other Useful Tools for Trading TKING
When trading crypto or any asset it is always wise to make use of as many trade tools as possible. This will allow you to make a better choice and avoid some of the risks. Here is a very quick overlook at a few of these trading tools.
On-Balance-Volume (OBV) is a key tool that tracks the positive and negative flow of an asset’s volume. This can enable traders to ‘chart’ the supply to demand interrelation of an asset.
Average Directional Index informs traders about the ‘intensity’ of a chartered trend. In essence, this tool potentially gives traders information about the staying power of an observable trend.
Latest News for TKING
On Jan 18 2022 TKING announced its intention to launch a TKING gaming/gambling ecosystem. This system would allow players who own an amount of TKING to play amongst each other in a closed ‘play-to-earn’ system that some players enjoy. This system allows TKING holders to compete against each other, bet, or even challenge each other one-on-one, all for an amount of TKING.
Can I buy TKING with cash?
Not directly. Instead, simply follow our step by step guide above to purchase and trade TKING
Are there any quick ways to buy TKING in Europe?
There are many different altcoin exchange platforms that can be used throughout Europe which will allow you to trade other cryptos for TKING in a quick fashion
Are there any alternative platforms to buy TKING or Bitcoin with credit cards?
Platforms such as HOO, Binance, UniSwap, and a host of different platforms will allow the purchase of BTC and the trade of TKING.