Unifty (NIF) is an NFT platform contract provider that hopes to put power in the hands of the artists and creators. Working on the popular Polygon Ecosystem this service embodies much of the ideology that underpinned early blockchain tech, which is putting power in the hands of the users. So in this article, we are going to take a look at this project, discuss its functions, and provide a guide on how to get some of your very own Unifity.
What is NIF?
Chaired by CEO Colin Platt and created in 2021, Unifty (NIF) is an NFT contract platform that hopes to give more control to artists and users. In essence, Unifty is a smart contract provider that hosts a variety of services, ranging from farms, pre-sale auctions and NFT swaps. What makes this service so attractive to artists and users alike, is that you don’t have to have extensive blockchain or coding knowledge to use it.
Operating on the ERC-20 standard, this service business model is fairly straightforward. That is, offer a popular service that both users and artists can rely on and therefore create value for Unifty’s native token, NIF.
Though NFT popularity is indeed waning somewhat after a rather meteoric rise initially, NFT concepts and technology remain popular for some artists and creatives, though they may lack the technological know-how or coding language to avail of it. In this sense, Unifty is a clever idea that fits a market need that may find itself in a state of ascension once again.
It is important to mention at this point, however, that Unifity’s official website is currently down and non-operational. Often this can indicate a project struggling or perhaps evaporating entirely, however it has been made clear that Unfity is in a state of acquisition and is currently in the process of drafting a new Whitepaper for its merged state. So, while not currently operational, this project may be well worth keeping an eye on as it develops further.
We here at CryptoWallet do not intend to offer financial or training advice, we do however hope to provide broad outlines of a project that we hope you use to launch your own research, as it is highly advisable to have a thorough understanding of a project’s use case, history, and plans before investing.
So, with all of this in mind, let’s take a look at how you might get some of your very own NIF.
Step 1: Register on Fiat-to-Crypto Exchange
So first things first, unlike some of the more well-known cryptos like Bitcoin or Ethereum, you cannot just buy NIF in a direct one-on-one fashion. Instead, you have to get your hands on a mainstream token like BTC, ETH or USDT and then trade that for NIF.
We’ll use Ethereum to make the lesson simple and easy to grasp.
We now need to locate a fiat-to-crypto exchange where ETH may be purchased.
There are several exchanges to select from, each providing a variety of services at varying prices, so it is usually a good idea to compare provider rates and find the exchange that best fits you.
But we would like to put forward our own CryptoWallet for the sake of this tutorial because we think it’s speedy, reliable, and simple for anyone looking to get involved in the crypto space. A profile must be made, some basic information must be provided, and other security precautions must be taken. After registering, select “deposit” from the account menu, then follow the on-screen directions to use your current bank account to add some fiat money to your newly created CryptoWallet Account.
Your money will become available in your CryptoWallet Account after a brief period of confirmation.
Step 2: Buy ETH with Fiat Money
You may then use your fiat money to buy some ETH once it is accessible in your new CryptoWallet account. Select the appropriate amount of ETH on the trade tab, then click Confirm. The additional ETH and any additional fiat money will be available in your CryptoWallet account after a brief confirmation period, which may differ depending on traffic.
You may have access to a variety of asset price charts, trading tools, and real-time market data when you use cryptocurrency exchanges like TrustWallet, CryptoWallet, or Metamask. It is wise to get knowledgeable about them and pay special attention to useful qualities, as doing so could assist you in making judgments about your expenditures that are more advantageous and, if employed correctly, even profitable.
Step 3: Transfer ETH to an Altcoin Exchange
After obtaining Ethereum, you may trade it for NIF by registering with an alternative currency exchange.
Selecting an exchange is the initial step, and various exchanges provide various rates, accessibility levels, and trade pairings. sites like MEXC, KUCOIN, and Gate.io that operate online. Due to their simplicity, accessibility, and convenience of use, we will go with Gate.io in this situation.
While there will be some variations across exchanges in terms of services, cost, and registration, the basic flow should be quite consistent.
You must register for an account on Gate.io and provide your personal information before you can start trading. Information, KYC procedures, and business standard protection will all be necessary during this process.
Send some ETH from your CryptoWallet account to your current Gate.io account when Gate.io notifies you that your account is ready to trade. Choose “deposit money” from the Gate.io “funds” tab to finish this step. You will now get a wallet address or a QR code from Gate.io. After that, select “transfer money/send ETH” from your CryptoWallet account. Select “Send” after scanning or entering the Gate.io address into the address field.
Double-check that the Gate.io address is typed correctly in your CryptoWallet App.
The ETH will show up on your Gate.io account after a brief confirmation period, where you may convert it to NIF. Select the ETH/NIF trading pairs, input the trade amount, and then click NIF to confirm the transaction.
Last Step: Store NIF Securely
Now that you finally own some NIF tokens, it’s about time we take a look at wallet storage systems.
Numerous generic wallets, such as TrustWallet, MetaMask, and other hardware alternatives, are among the most prominent options.
To withdraw your brand-new NIF currency from the Gate.io exchange, choose “withdraw money” from the dashboard. Gate.io will then direct you and request you to manually enter or manually scan a QR code to submit your new personal wallet address. After a brief moment of confirmation, your NIF will be displayed in your new wallet.
Can I buy NIF with cash?
Like the vast majority of alternative cryptocurrencies, NIF tokens cannot be directly purchased with fiat currency. To buy NIF, one must exchange a cryptocurrency like ETH or Ethereum on a secondary market. For instructions on how to accomplish it, go to the preceding stages.
Are there any quick ways to buy NIF in Europe?
The extra stages in NIF transactions may make them seem more difficult than in other cryptographic transactions. But if you adhere to the instructions we’ve given, we can walk you through each step. Fortunately, the aforementioned rules are entirely acceptable in the EU.
Are there any alternative platforms to buy NIF or Bitcoin with credit cards?
NIF cannot be purchased using fiat money, in contrast to other cryptocurrencies. You may also purchase a cryptocurrency like Bitcoin or Ethereum and then trade it for NIF. To find out how to achieve this, go to the preceding instructions.
On the other hand, by looking for a cryptocurrency exchange that takes credit or debit cards, you may rapidly buy Bitcoin using a credit card. A number of companies, including eToro, provide this service.