Referred to as ‘the next generation launchpad’ PRYZ (PRYZ) is an exciting new ‘presale’ token project held on the Polygon Network. With an eye for spearheading new and exciting cryptocurrency projects, PRYZ claims to ‘empower holders’ by connecting the blockchain.’ In this guide, we are going to take a look at this altcoin, discuss how it works and provide you with a handy step-by-step guide on how you can get your very own PRYZ.
What is PRYZ?
PRYZ token describes itself as a platform for ‘presale’ tokens. Essianetly, this concept of a presale coin is the primary use case for the token, allegedly granting holders of the token access to new altcoins earlier than the rest of the crypto community. PRYZ achieves this by granting ‘whitelist’ access to holders to projects created via the PRYZ launchpad.
Additionally, this platform offers NFT whitelist access, low gas fees, a high degree of scalability, and a roadmap of future bridges to further chains for greater levels of cross-chain operability. Multichain flexibility is one of the key use cases for many of the projects that operate off the Polygon Network, a close cousin of the Ethereum standard.
With CEO and founder Peter Franklin, PRYZ aims to create better staking and Defi protocols for its second layer functionality. Though it is important to note that PRYZ is no longer listed on many exchanges. This could be due to a variety of different reasons, perhaps even due to volatility, so it’s important to do your homework on an altcoin such as PRYZ.
Step 1: Register on Fiat-to-Crypto Exchange
As an altcoin, PRYZ operates a little differently than mainstream tokens, as such, it will require a few additional steps to some of your very own PRYZ.
Being a token on the Polygon Network, you’re going to have to purchase PRYZ with an already existing cryptocurrency. Usually, in these types of guides, we often will use mainstay cryptos such as bitcoin (BTC) or Ethereum. (ETH) But given the nature of PRYZ and for our own convenience, we are going to be using Binance. (BNB)
Firstly sign up for a Fiat-to-Crypto Exchange. For this lesson, we’ll be utilizing MetaMask, which can also serve as your wallet for storing your currency after you’ve completed the following steps. MetaMask can be downloaded from the Apple App Store or Google Play Store. After you’ve completed the download, follow the on-screen steps to send/link a fiat account to your MetaMask Account. Next, simply send the desired amount of fiat currency to your new MetaMask account.
In general, it’s always a good idea to shop around when looking for a wallet system that best suits you. Different exchanges will offer different rates and different services. CyrptoWallet for example offers high security, sleek design, and simple to use interface that provides a welcoming environment for newcomers and crypto enthusiasts alike! While it currently does not support BNB, it may be worth keeping an eye on for other crypto and purchasing needs.
Step 2: Buy BNB with Fiat Money
Once your fiat cash is displayed in your MetaMask, you may exchange it for BNB Token at any time. To get started, go to the trade tab in the MetaMask app. Select BNB SmartChain as your trading option, then input the amount you wish to purchase and press ‘trade.’
When using these kinds of crypto financial services, several altcoin exchanges, such as MetaMask, CryptoWallet.com, or TrustWallet, will offer you a variety of price charts, trading tools, and other live market data. It’s a good idea to pay close attention to these valuable resources, using them correctly can aid you in making better financial decisions.
After you’ve completed the trade, there will be a little confirmation delay,’ which will usually be around 30 minutes, perhaps a little longer depending on traffic. After that, the amount of BNB SmartChain in your MetaMask app will be displayed on the screen.
Step 3: Transfer BNB to an Altcoin Exchange
Unfortunately, the token PRYZ is not listed on any major exchanges as of the time of the writing. There may be several reasons for this. While we here at CryptoWallet.com are not authorized to provide you with any financial advice, it is still strongly recommended that you do your research into PRYZ and ensure that you make the wisest decision with your money.
But if you’re still looking for PRYZ, you can find a trading option at QuickSwap. First, connect your integrated MetaMask via your browser. Then search out the address for the contract of PRYZ. This can be found here on Coinmarketcap. After you’ve copied the contract address, paste it into the Quickswap token search bar, then select the BNB for your trading pair. Sometimes shown as BNB/PRYZ.
Then select the amount you wish to trade and select trade. There may be some additional on-screen instructions that can help you with other pricing and trading options available to you on the QuickSwap service.
Last Step: Store PRYZ Securely
If you’ve followed all of the steps this far, you should be in possession of your very own PRYZ.
But now that you’ve got some PRYZ, you might be wondering what to do with it. So for starters, you’ll need to start thinking about a wallet system. In the case of PRYZ, your options are fairly restricted, but it is still worthwhile to browse around. MetaMask and Binance Chain Wallet will be your major options.
Click the “Connect to a wallet” button in the upper right corner of your screen on QuickSwap. Choose MetaMask, click next and select ‘next.’ Then follow the onscreen instructions given to you by QuickSwap.
Your MetaMask Wallet should open, then select ‘switch network’. You should now be able to move your funds from QuickSwap, to be stored on your MetaMask system.
As previously discussed, CryptoWallet.com offers a range of wallet services and a high degree of security, while it does not currently offer hosting privileges to PRYZ, it does host a variety of others. So it might be worth paying attention to in the future.
Other Useful Tools for Trading PRYZ
While we are not authorized to provide you with trading or financial advice, we can give you a quick rundown of some of the tools accessible 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 simple tool that shows both positive and negative volume movement as well as the value direction of the trend.
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.
A Stochastic Oscillator is a tool used by traders to track the price of an asset over time and in connection to a particular event.
Can I buy PRYZ with cash?
You can’t buy PRYZ tokens with fiat money, like most altcoins. Instead, you may buy an already existent cryptocurrency like BNB, Bitcoin, or Ethereum and then trade it for the altcoin you want on an altcoin market. Take a look at the instructions above to learn how to accomplish this.
Are there any quick ways to buy PRYZ in Europe?
Buying PRYZ can seem a little complicated when compared to other crypto trades available. However, if you take a look at our provided guide we can walk you through each step that is perfectly applicable to the EU.
Are there any alternative platforms to buy PRYZ or Bitcoin with credit cards?
You can’t buy PRYZ with fiat money, like most altcoins. Instead, you may buy an already existent cryptocurrency like BNB, Bitcoin, or Ethereum and then trade it for the altcoin you want on an altcoin market. Take a look at the instructions above to learn how to do this.
Bitcoin, on the other hand, may be purchased using a credit card by signing up for a crypto exchange that offers this option. For instance, eToro is a supplier of this service.