$ZAM is the native utility token that powers the Zamio ecosystem and infrastructure developed as a universal cryptocurrency for CeFi&DeFi. It can be utilized for settling transactions on the network, public sale participation on the ZAMpad, cross-border transfers, stock-backed loans insurance, liquidity mining, and staking. $ZAM has cross-chain support for two of the most widely used blockchains in the world: Ethereum and Binance Smart Chain.
The ZAM token can be acquired through several channels, such as centralized and decentralized exchanges and wallets. Learn about the difference between centralized and decentralized exchanges here and types of crypto wallets here.
Centralized crypto exchanged
If you are new to the crypto market and would like to buy the ZAM token through a centralized exchange, you can create an account with Gate.io and MEXC crypto exchanges. After you successfully register and go through the identification process, you need to fund your account with USDT, a cryptocurrency stablecoin. One US dollar will give one stablecoin in USDT. Then you can trade the USDT you purchased to any crypto of your choice, including ZAM.
Go to the wallet section, select buy crypto and choose USDT, then pick the third-party service provider that you would like to process your transaction using your credit card. You should expect a minimum of 1% on this type of transaction.
After completing the transaction, the amount you bought will appear in the wallet section under the spot account. Go to the exchange section, choose the ZAM/USDT trading pair, then place a limit order and hit buy. After your purchase is confirmed, your ZAM token will appear in your spot account in the wallet section.
Note: your USDT must be in the spot account of your wallet. Otherwise, the exchange will have 0 USDT available.
With MEXC crypto exchange, the process is similar to Gatio but terminologies may differ from one exchange to another. For example, “wallets” could be called “assets”, and “exchange” could be called “trade”.
- Select your fiat currency and the crypto asset you would like to purchase, then your payment service provider. Note that different service providers support different modes of payment and may have differing fees and rates.
- Upon tapping the “Confirm” button, you will be directed to a third-party site. Follow the stated instructions there to complete your transaction.
- Upon success, your transaction can be viewed on the “Order History” page. You may also filter your order history by a payment provider.
- Head to the exchange section and then place a market order to buy ZAM using the pair: ZAM/USDT.
First, you need to download one of the aforementioned web browser wallets. After creating a wallet, head to dapps.zam.io, then connect the wallet to the ZAM dapp platform. Let’s use Metamask as our example.
The Metamask wallet uses the Ethereum network and its native token ETH to process any transactions conducted using the wallet. Once you connect your wallet to the dapps, the Ethereum network will switch to the Binance Smart Chain, and the native currency will switch from ETH to BNB. Now click BUY to purchase BNB, then click swap to trade BNB for ZAM.
Decentralized crypto exchanges
PanCake and Uniswap are decentralized crypto exchanges where the ZAM token is listed and traded with other cryptocurrencies. You can neither purchase the ZAM token directly from PanCake and Uniswap nor from a third-party service provider. You can send your crypto to one of the exchanges and swap for ZAM tokens.