You can now buy CST on BenSwap and MistSwap. And soon, on all other decentralized exchanges (DEXs) on the smartBCH chain.
What is CST
CST is the utility, community reward, and governance token of CryptoSorted, a community-based crypto media publications project which rewards its holders with a weekly BCH airdrop.
CST use cases
The following are the use cases of CST which ensures it has organic and sustainable demand that will support its continued price increase.
- CST gives you free access to all our (future) premium products, tools, and services.
- CST holders, traders, and liquidity providers will earn weekly BCH airdrop.
- We will buy back CST regularly to reward our most active community members.
- You get a 50% discount when you pay for any of our services using CST.
- CST will be the governance token of the CryptoSorted DAO.
Setting up your wallet for smartBCH
Before you can buy CST on either BenSwap or MistSwap, you need to configure your wallet for smartBCH.
This is because, CST is a SEP20 token on the smartBCH network, similar to how you have ERC20 and BEP20 for Ethereum Ethereum and BSC respectively.
Don’t worry, configuring your wallet for smartBCH is not a big deal.
In my previous post, I shared with you a step-by-step guide to setting up your wallet for smartBCH on both Desktop and mobile.
Click here to read, the ultimate beginner’s guide to DeFi on smartBCH for everything you need to configure your wallet for smartBCH and fund it with some BCH.
NOTE: You need BCH in your wallet to pay for transaction fees on smartBCH and buy CST on the DEXs. So, login to your wallet and load up some BCH.
How to buy the CryptoSorted Token (CST) on BenSwap
First, go to the BenSwap website
If this is the first time you’re
Then click the Connect button by the top right-hand side of your screen to connect your wallet to the site.
As shown above, you will be asked to select your wallet. Click Metamask to proceed.
You will be prompted to approve the connection. Just click Next, then Connect on the pop-up screens to approve it.
Now from your left-hand side of the screen, click Trade, then select Exchange from the drop-down list to launch the BenSwap DEX.
You will be prompted to select your wallet and approve the connection like in the previous step.
Proceed accordingly to connect your wallet to the BenSwap DEX.
Once connected, you will see your BCH balance. Now click Select a currency as in the above screenshot to search for CST.
On the pop-up screen, enter the CST contract address: 0x5B75B5eb28bEceDBB0A5A3cfeE6cdb4327E1856B and then click Add, as shown in the above screenshot.
Now specify the amount of BCH you want to use in buying CST in the From box and the system will automatically calculate how many CST tokens you will get.
As you can see from the above screenshot, I have exactly 0.0454869 BCH in my wallet and I want to spend 0.04 to buy 4.79405 CST.
It’s a good idea to leave some BCH in your wallet for transaction fees, that’s why I’m not using 100% of the balance.
If you’re ok with it, click the Confirm Swap button to see the estimated amount of CST you will get.
Then on the next pop-up scree, click Confirm Swap again.
You will be prompted to allow the exchange to spend your BCH and deposit CST into your wallet.
Click Confirm as in the above screenshot to approve and complete the transaction.
You have successfully purchased your first CST.
Make CST show up in your wallet
I have purchased CST but I can’t see it in my wallet.
To be able to see CST in your wallet, just click the Add Token as in the above screenshot.
You only need to add the contract address. The other details will be populated automatically. Then click Next.
Click Add Token, and you’re done. There are your precious CST tokens.
Join the CryptoSorted (CST) community
We invite you to join the CryptoSorted (CST) community to stay up to date with all project developments and many opportunities to earn crypto.