FOHO Coin is a utility token for the FOHO Marketplace - a unique blockchain based decentralised platform for real estate assets across the globe. Through a unique community driven approach, FOHO has created the world’s first marketplace for shared diligence and investing in real estate. Participants are tracked and rewarded for good behavior and for their value addition to the community. By leveraging the wisdom of crowds, FOHO aims to provide a platform for safer and higher returns as compared to the traditional avenues fo real estate investing.
FOHO is the native utility token that is used for: * Participating in opportunities on the platform. * Paying for services on supporting websites. * Used for governance votes to determine which deals go live, which countries are prioritised and what happens to the assets.
The FOHO Platform consists of: * FOHO.Haus - A platform for investing into residential assets. *FOHO.work - A platform for investing into commercial assets. *FOHO.club - A shared usage platform for real assets. *FOHO Coin - the native utility token which gives incentives to participants.
How to buy FOHO Coin (Guide)
If you would like to buy FOHO Coin, you can follow the step-by-step guide below. It will show you how to buy FOHO Coin by connecting your crypto wallet to a decentralized exchange (DEX) using your Binance account to buy the base currency.
Download a Metamask Wallet
There are several crypto wallets to choose from within the Ethereum network and Metamask appears to be the most integrated. If you are using a desktop computer, you can download Google Chrome and the wallet Chrome extension. If you prefer using your mobile phone, you can download the wallet via Google Play or iOS App Store if it’s available. Just make sure that you are downloading the official Chrome extension and mobile app by visiting the Metamask’s website.
Set up your Metamask
Register and set up the crypto wallet via the wallet’s Google Chrome extension or via the mobile app you downloaded in Step 1. You may refer to the wallet’s support page for reference. Make sure to keep your seed phrase safe, and take note of your wallet address. You will be using it later on Steps 4 and 6.
Buy Ethereum as Your Base Currency
Once your wallet is setup, you can login to your binance account and proceed to the Buy & Sell crypto webpage to buy the Ethereum. If you are not an existing user, you can refer to our How to Buy Ethereum guide on registering and buying your first cryptocurrency on Binance.
Send Ethereum From Binance to Your Crypto Wallet
Once you buy your Ethereum, go to your Binance wallet section and look for the Ethereum you purchased. Click on withdraw and fill up the required information. Set the network to Ethereum, provide your wallet address and the amount you want to transfer. Click the withdraw button and wait for your Ethereum to appear in your Metamask.
If you are using Binance Website:
If you are using Binance App:
Choose a Decentralized Exchange (DEX)
There are several DEXs to choose from; you just have to make sure the wallet you selected in Step 2 is supported by the exchange. For example, if you use Metamask wallet, you can go to 1inch to make the transaction.
Connect Your Wallet
Connect your Metamask wallet to the DEX you want to use by using your wallet address from Step 2.
Trade Your Ethereum With the Coin You Want to Get
Select your Ethereum as the payment and select the FOHO Coin as the coin you want to acquire.
If FOHO Coin Doesn’t Appear, Find its Smart Contract
If the coin you want does not appear on the DEX, you can refer to https://etherscan.io/ and find the smart contract address. You can then copy and paste it into 1inch. Beware of scams and make sure you got the official contract address.
Apply the Swap
Once you are done with the previous steps, you can click on the Swap button.