How to Buy on PinkSale — A Detailed Guide
Investing in cryptocurrencies during presale often proves to be the best-case scenario over the long run. Jumping early on in a project might be quite profitable, and crypto launchpads offer just that. One of the best crypto launchpad protocols of 2022 is PinkSale. So how do you invest in presales through PinkSale? This article provides a complete guide on how to contribute during initial sales of tokens that use PinkSale as a launchpad protocol. Let’s begin with some brief information about PinkSale.
What is PinkSale?
PinkSale Finance is one of the largest launchpad protocols in the crypto market at the moment. This protocol offers services for multiple chains, including Binance Smart Chain (BSC), Ethereum, Polygon (MATIC), KuCoin, Avalanche, Fantom, and Cronos. Not only that it provides the medium for developers to create and launch tokens, but PinkSale also has unique features that make sure that each project is a safe investment. To illustrate, the anti-rug mechanism that they use ensures that no one can run away with the money you contributed. Additionally, the anti-bot system makes sure that no project can artificially increase the liquidity pool during the presale. Moreover, every investor can withdraw the money they invested if the presale fails (fails to reach the soft cap). Hence, you won’t lose your money if the project you invested in does not raise enough funds.
How to Buy on PinkSale?
Here are the steps you need to take to buy tokens on PinkSale:
Step 1: Go to PinkSale.Finance
The first thing you need to do is go to PinkSale.Finance official website. Keep in mind that there are many scam sites, so make sure to use the correct link. [caption id=”attachment_24228" align=”alignnone” width=”2543"]
PinkSale’s Official Website. Source: PinkSale.Finance[/caption]
Step 2: Open the Launchpad List
On the left side of the page, click “Launchpads” and then click on the Launchpad List. There, you will see all the current tokens that are finished, ongoing, or upcoming. [caption id=”attachment_24229" align=”alignnone” width=”2543"]
Launchpad List on PinkSale. Source: PinkSale.Finance[/caption]
Step 3: Select the Network
On the top-right of the screen, you can select the network you want to use. Currently, you can use Binance Smart Chain (BSC), Ethereum, Polygon (MATIC), KuCoin, Avalanche, Fantom, and Cronos. Once selecting the network, you will now see the list of launchpads in that specific chain (i.e., BSC). [caption id=”attachment_24230" align=”alignnone” width=”2541"]
Choosing a network in PinkSale. Source: PinkSale.Finance[/caption]
Step 4: Select the Token
Once you select the network, hover around and find the token that you’re willing to invest in during the presale. Once you find one that has an ongoing sale, click on “View Pool.”
Step 5: Do Further Research on the Token
While PinkSale is safe enough from scams, you still need to make sure that the project you’re investing in is serious. You can find most of the general information about the project on the pool view, such as tokenomics, distribution, vesting period, etc. Nonetheless, make sure to visit the token’s website, check on reviews, read the whitepaper, etc. [caption id=”attachment_24232" align=”alignnone” width=”2545"]
Pool View of an Ongoing Presale. Source: PinkSale.Finance[/caption]
Step 6: Connect your Wallet with PinkSale
Next, you need to connect your crypto wallet with PinkSale. Click “Connect” on the top-right of the screen. Select the wallet that you want to use (i.e., MetaMask). [caption id=”attachment_24233" align=”alignnone” width=”2534"]
Connecting your Wallet with MetaMask. Source: PinkSale.Finance.[/caption]
Step 7: Buy the Token
Then, all you have to do is click “Buy.” Make sure that you fulfill the requirements to contribute to the projects, especially if it is a private sale. Type the number of tokens you want to spend (i.e., BNB if you use BSC) and click “Confirm.”
Step 8: Claiming or Withdrawing Tokens
After the presale ends, go to the pool once again and click “Claim token.” If the soft cap was not reached, meaning that not enough funds were reached, you could withdraw tokens in the same way. You can also emergency withdraw even if the sale has not ended yet, but that entails more fees.
- PinkSale is one of the biggest crypto launchpad protocols.
- You can participate in initial sales for Binance Smart Chain (BSC), Ethereum, Polygon (MATIC), KuCoin, Avalanche, Fantom, and Cronos.
- To buy on PinkSale, you have to connect your wallet, select the token, and type the number of tokens you want to purchase.
- You can withdraw your contribution any time during the presale or after the presale ends.