Vancat (VANCAT) is currently one of the tokens that are considered to have great potential, especially in the Non-Fungible Token (NFT) ecosystem.
This token continues to gain market share because it is considered to have significant potential. In the NFT ecosystem, this token is even considered one of the main “players”.
Want to know more about this token? Check out the full review below.
What is Vancat?
Basically, Vancat (VANCAT) is one of the BEP-20 tokens, which of on the BSC or Binance Smart Chain network.
The issuance of this token by Vancat aims to be one of the platforms for NFT. In this case, users can make any deposit to the NFT
Vancat is also a new layer or protocol layer which creates several new opportunities for adoption in the NFT ecosystem.
In addition, VANCAT will also issue a DApp (decentralized application) along with the protocol, which will focus on a number of types of NFT. The DApp will be created to protect the digital art world in the crypto market in the future.
This DApp will focus entirely on the NFT ecosystem, while making it easier for users to mine and create their own NFT. Furthermore, Vancat, according to the application on its official website, currently only supports NFT trading established on Vancat’s own publishing platform.
This is done as an effort to ensure security on the platform and everything runs smoothly on the Vancat NFT platform. For your information, there are three main uses of this token, namely for smart contracts, locked liquidity, and pool funds on PancakeSwap.
Vancat’s Amount
To date, the amount of VANCAT is recorded at 1 quadrillion.
The current amount in circulation stands at 526 trillion, with around 110 trillion locked in PancakeSwap liquidity, while another 474 trillion has been burned (erased).
VANCAT also implements the elimination of inventory (token burn) so that the scarcity continues to increase. Meanwhile, its current market capitalization is at Rp109.09 billion. The token is officially traded on a decentralized exchange on the Binance Smart Chain called PancakeSwap.
Regarding ownership of these tokens, one thing that is important to know is that the tokens must be held in integers so that there is no decimals or commas.
How to Obtain Vancat?
For those of you who want to get this token, you can buy it in a wallet application, for example Trust Wallet, because the Trust Wallet provides a menu to buy Vancat coins on PancakeSwap.
In addition, you can also use the Indodax application to purchase Vancat and other crypto tokens.
However, it is important to note that purchasing Vancat tokens through Indodax still requires the Trust Wallet application. Therefore, it is important to have this Trust Wallet application.
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How to Purchase Vancat Token on Trust Wallet
Here is a guide to buying Vancat Token on Trust Wallet:
- You can open the Trust Wallet application and check if you already have a BNB Smart Chain balance.
- Next, click the DApps menu then you can search for PancakeSwap to buy Vancat tokens.
- Then, click Connect and you will be able to connect to your Trust Wallet account.
- If it is connected, then you can set the slip tolerance on the Vancat token to 12.
- The next step, open a browser and go to the Binance website to find the Vancat Token contract number and then copy the Vancat Token contract number.
- Go back to Trust Wallet and click Select a currency, then paste the Vancat Token contract number into the Select column.
- You can buy the Vancat coins you want by clicking the arrow key and then tap Exchange.
- Next, click the Agree button on the Transaction Confirmation that appears. Now, your Vancat Coins purchase is complete!
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How to Purchase Vancat Token on Indodax
For those of you who want to purchase Vancat tokens through Indodax, here are the steps you can follow:
- First, you can enter the Indodax application then click the Funds menu and click your BNB.
- Then, make a BNB withdrawal to True Wallet, by clicking the Withdraw button and filling out the BNB withdrawal form correctly.
- The Address column on the BNB withdrawal form is filled with your BNB address in the Trust Wallet. You can get a BNB address by clicking BNB in Trust Wallet, then copy the BNB address.
- When you have completed your withdrawal, you can return to Trust Wallet. Next, click on the Dex menu to switch from BNB to Binance Smart Chain.
- When your BNB is converted to Smart Chain, you will be able to buy Vancat via Trust Wallet.
- To buy Vancat tokens on Trust Wallet follow the instructions above.
The Future Potential of Vancat
So, can Vancat be used as an investment and have a bright future?
Regarding the future potential, Vancat is still in the development stage by far. Referring to the roadmap, this token will only be listed in the second quarter of 2022 on the majority of centralized exchanges.
Looking from the fundamental side, this token is predicted to experience a significant appreciation due to its role in the NFT ecosystem. It is also said that Vancat will play the role of Binance Launchpad, but will be devoted to NFT.
In addition, Vancat is currently starting to grab the attention of influencers. Usually, when that happens, a cryptocurrency will experience a significant appreciation in the future.
The current VANCAT price is IDR 0.00025 and can be purchased on the PancakeSwap decentralized exchange which also operates on the BSC.
That is the review of Vancat, the major token in the NFT ecosystem, which is considered to have a bright future. Stay tuned for other reviews of crypto assets only at Indodax Academy.
