I recently ventured in to the fast paced and ever changing world of CryptoCurrency and it has been a crazy roller coaster ride with many lessons already learned.
More recently I have been watching the rise of the Meme token, with the most famous of those undoubtedly being the infamous Dogecoin, the much loved and much derided favourite of Tesla CEO and billionaire Elon Musk. The price has soared since the beginning of the year making new millionaires in its wake, but it isn’t without it controversy, with the price reacting greatly to as little as a vague tweet from Musk.
Deciding to dip my toes in to Meme coins has been a hard decision. Undoubtedly, if I had been braver sooner, I would have made a lot of money already. And so feeling I may have missed the boat somewhat on Dodgecoin, I have been looking for the next big player in the memecoin market. Step up the “Save The World” token! More details at their website here – https://savetheworld.health/
The Save The Word token bills itself as a charity token and can be found on the Binance Smart Chain. It says that it, “sets its sights on becoming THE defining Charity Token on the Binance Smart Chain Network”. And this claim isn’t without merit, as it appears to have already donated $1,089,000 in 3 days since its launch to a COVID relief fund to help those in India.
It’s currently a slightly complicated process to buy, especially if you are new to Cryptocurrency. It first requires you to purchase some BNB, or Binance Coin – the coin of the largest Cryptocurrency exchange in the world – Binance. You can head on over to Binance to do that (or Binance.us if you are in the US). Then you need to get yourself a TrustWallet account by downloading the app on a iphone or Android phone – its free and easy to set up, just remember to make a note of your Recovery phrase. Once that is installed and set up, send your purchased BNB from your Binance account to your TrustWallet. Then using the TrustWallet app, swap BNB to BNB Smart Chain. Add Save as a custom token to TrustWallet and from the DApps icon on the TrustWallet app, open Pancakeswap (make sure it is linked) and search for the SaveTheWorld token by pasting the address of the coin (look on the official website or Twitter account for this) or search for Save. You can now swap your BNB for Save. I had to set slippage to 12% to get the transaction to go through. It’s complicated, but once the transaction goes through, you should see the amount you own in your wallet. This amount grows over time too, as 2% of liquidity is given back to holders.
There’s slightly more to it than that, and I’d advise doing your research thoroughly first of course, before buying SAVE and before attempting the process above, especially if you are new to Cryptocurrency. More detailed instructions can be found online. But who doesn’t want to earn money whilst also raising money for charity too, and that’s whether you buy or sell $save. Each transaction generates money for the chosen charity!
As always, this is not financial advice and remember that the value of investments or income from them may go down as well as up.