How to Mine NFTs on DegenArts: Need DAC Token

Learn how the DegenArts platform allows its users to get tradable NFTs by farming. Also, find a way to trade DegenArts Coin (DAC) on Tokpie exchange.

First, we would like to congratulate Tokpie’s users on the first project from the NFT sector that we list today. For those who don’t know. NFT means a nonfungible token that represents the right to digital art. A digital art, in turn, is like a virtual card (picture or gif) that you can create, collect, buy, sell or exchange on in-game bonuses. Moreover, you can mint NFTs. So, now you will get a short description of the DegenArts platform and its DAC token. Also, you will learn how to trade DAC tokens on Tokpie.

What’s the DegenArts?

The DegenArts is a platform where users can mine NFTs. The DegenArts’s artists regularly create new items and place them into the collection. For example, you can see their exhibition on Rarible. So, to get NFT from DegenArts’s list, a user shall stake a DAC token on DegenArts’s farm. Moreover, the DegenArts team launches a game where players can use their none-fungible tokens. As a result, people could not only mine and trade NFTs but also utilize them.

What’s the DAC token?

The DAC is an ERC-20 token. From our perspective, the idea to use the project’s cryptocurrency for minting none fungible tokens is excellent. Such a connection between ERC20 and ERC721 leads to strong tokenomics. So, the primary utility value of DegenArts Coin (DAC) is the ability to mine NFTs. At the same time, DAC’s liquidity contributors can sell minted arts on the Rarible, Opensea, and similar marketplaces. Moreover, users can utilize minted items in the game. 

How to buy DAC tokens?

To purchase DAC tokens for ETH do three simple steps:

  1. Fund your account with ETH. If you don’t have crypto, you can purchase ETH with a bank card in a few minutes.
  2. Open the DAC/ETH order book and place your trade order to buy. Use this instruction if you don’t know how to place a trade order.
  3. Withdraw DAC tokens to your personal Ethereum wallet or hold them on the account.

How to sell DAC tokens?

To sell DAC tokens for ETH follow three steps:

  1. Deposit DAC tokens on your account.
  2. Open the DAC/ETH order book, and place your trade order to sell. Read the instruction if you don’t know how to place a trade order.
  3. Withdraw ETH to your personal Ethereum wallet or hold them on the account.

How to deposit DAC token?

To deposit DAC tokens on your Tokpie account, follow this guide. Also, make sure that you are going to deposit ERC20 tokens that relate to this smart contract address. If you deposit the wrong tokens or the wrong blockchain type, Tokpie could not identify your transfer.

Note: Tokpie doesn’t charge any fees for depositing.

How to withdraw DAC token?

To withdraw DAC tokens from your Tokpie account, use this instruction. Besides, you must have an eth compatible wallet address to be able to withdraw tokens. Also, check the withdrawal commission.

Disclaimer

In addition, please be aware that Tokpie charges a fee for the listing. Tokpie does not give any investment, legal, tax, financial advice, or warranty of token price performance or successful fundraising.

Useful links

For any questions or cooperation, you can contact Tokpie at https://t.me/tokpie.