Posts

[GoodDollar] #2 USE FUSE Network to swap ERC-20 for less than 0.01$ GAS +50G$ free gift

avatar of @arkato
25
arkato
@arkato
·
·
0 views
·
3 min read

Hello to all readers and wonderful writers.

Today what's new? We will see how to use the FUSE network to trade our Gooddollars (G $) or other ERC-20 by metamask with less than 0.01 $ GAS.

For those who haven't read my first post on the concept here is a brief summary but you should read my first post completely to fully understand the issue! GoodDollar.org is a non-profit organization on a mission to leverage new blockchain technologies to deliver a scalable, sustainable model to deliver basic income. GoodDollar has built a wallet that enables any human with an internet connection to sign up and claim a small daily income in G $ coins.

They have a daily claimable reward and if you did not know it are supported by ETORO (the creator of ETORO is at the origin of this concept) which engages its notoriety in this project.

"Putting Digital Money In The Hands Of People To Unlock New Commerce And Demand"<<

Picture and quoting by GOODDOLLAR website

Step-by-step :

[1]Register on GOODDOLLAR LINK [2]You will receive 50 G$ tokens. (Don't forget to "CLAIM" once for receive 50G$ ) [3]Also, you can claim tokens every 24h.

But time is money so let's go!And discover FuseSwap

Fuseswap is a uniswap clone running on the fuse.io network (fusenet). The Fuse Network is an ethereum sidechain, providing any organisation a great ecosystem to build or deploy their products.

Fusenet provides fast transactions and known gas costs within a Ethereum EVM solidity compliant infrastructure, making it ideal for commercial and non-commercial mobile (and non-mobile) payment solutions.

As transaction gas costs on fusenet are low, swapping low value tokens, or doing low value micro transactions (micro arbitrage, micro swaps etc) is economical. Gas is currently often less than $0.00001, and capped at a maximum of $0.01.

This makes it ideal for exchanging GoodDollar G$ tokens to other tokens —FUSE, ETH, WBTC, USDC, DAI etc.

The great thing about GOODDOLLAR is that each wallet has a small amount of Fuse tokens to pay for G$ transactions. This means it’s possible to use Fuseswap without having to first get fuse tokens to pay gas costs. Yes you read well! Each Gooddollar Wallet which is exported to METAMASK by the private key already has 0.003 Fuse included. Which means that you won't even have to buy your first FUSE to redeem your Gooddollars! Just huge!

On Desktop: Install the Metamask browser extension. You may need to create a login for the app. (Add the Fuse Network to Metamask)

Find your GoodDollar Wallet Private Key (PK) and import it into Metamask !! Keep this private and secure !! To find your PK, go to your GoodDollar Wallet. Click the top right settings icon > Export Wallet > Copy your ‘My Private Key’

In Metamask > Import Account > Paste you GoodDollar Private Key into the field.

Change the Network to ‘Fuse Network’. 4. You are now all set to use Fuseswap!

  1. Go to fuseswap.com. Change the Metamask network to Fuse Network (Instead of the main ethereum network at the top of the metasmak screen)

  2. You can now swap your G$ tokens to any other token that has a Liquidity Pool.

Fuse and GoodDollar — a great partnership. Using Fuseswap with GOODDOLLAR G$ is a great combination, giving full DeFi crypto opportunities and experiences to everyone. No upfront costs required, and completely accessible through a mobile phone! There are users from all over the world claiming G$, swapping to other tokens, investing, staking and exploring financial freedom through DeFi products.

I hope to have was as complete as possible, all of this requires some handling on your part and it's pretty hard for a beginner. But it's worth it! You will be able to redeem your G $ with just a few cents and with METAMASK!

I'm going to be frank with you right now I don't know yet if I'm going to swap my GOODDOLLARS for "FUSE" and add them to their pool for more revenue via the DEFI and accumulate more "FUSE" (which at a great potential by allowing a SWAP via metamask but with non-existent casi fees because it is a sidechain of the eth network.) OR if I will swap directly against ETH to add them to my SWISSBORG ACCOUNT and continue to accumulate my CHSB (SWISSBORG token).

That's all for today, take care of yourself.

Need an another reading?

My 1st post : HELLO YOU and of course HELLO CRYPTO . By a french man with some humor and title not too long

[SWISSBORG] #4 (PROTECT AND BURN) How does SwissBorg Counter The Bear Market?

Need to play while earning money during this special time? Read my [Axie Infinity] #1 (SUMMARY) How this game let you PLAY TO EARN (real ETH realy)

Posted Using LeoFinance Beta