Below is a general guide on preparing to acquire EXACT tokens on the Ethereum network.
1. Set Up a Compatible Wallet
- Choose a Wallet
- Opt for a non-custodial wallet like MetaMask or Trust Wallet that is compatible with the Ethereum blockchain.
- These wallets give you full control over your private keys and are widely used within the Ethereum ecosystem.
- Install and Secure
- If using a desktop browser, install the MetaMask extension. For mobile, download the Trust Wallet or MetaMask app from an official app store.
- Create a new wallet and note down your recovery phrase. Store this phrase securely (offline if possible) and never share it with anyone.
2. Fund Your Wallet
- Obtain ETH for Gas
- To cover future network fees, you’ll need Ether (ETH) in your wallet. This is the native currency on Ethereum used to pay for transactions.
- You can purchase ETH on a centralized exchange (e.g., Coinbase, Binance) and then transfer it to your new wallet address.
- Transfer ETH
- Copy your wallet’s public address (available in MetaMask or Trust Wallet).
- Initiate a withdrawal of ETH from the exchange to that address.
- Verify that you’re sending ETH over the Ethereum mainnet (ERC-20) to avoid any cross-chain confusion.
3. Stay Updated on Official EXACT Channels
- Await Official Announcements
- As the token is not yet tradeable, any initial distribution (e.g., airdrops, sales) will be communicated through EXACT’s official channels or website.
- Avoid unofficial listings or offers claiming to sell EXACT tokens, as these may be scams.
- Follow Contract Address Information
- Once EXACT releases a valid contract address, you may add it to your wallet to view and receive tokens.
- Double-check this address against verified EXACT sources to ensure accuracy.
Final Notes
- Protect Your Keys: Your wallet recovery phrase is the only way to restore your funds. Keep it confidential.
- Monitor Gas Fees: Ethereum gas prices can fluctuate; always ensure you have enough ETH to cover transaction costs.
- Stay Informed: Regularly check EXACT’s official website, social media, or community channels for the latest updates on token availability and distribution schedules.