Fuji is an up-and-coming blockchain project focused on decentralized gaming, NFTs, and enabling fair wagering mechanisms.
The native FJT token powers all activity in the Fuji ecosystem. As Fuji ramps up development and sees greater adoption, interest in acquiring FJT tokens for speculation or utility purposes has been piqued.
This beginner’s guide offers a step-by-step walkthrough of buying, selling, or trading Fuji tokens.
About Fuji
Fuji is an Ethereum-based blockchain project focused on building web3 infrastructure for various aspects of gaming – from esports and wagering to digital asset creation. Using decentralization concepts, the platform aims to bring speed, security, and transparency.
The Fuji ecosystem is facilitated by its native cryptocurrency, Fuji Coin, with ticker FJT. The ERC-20-compliant tokens have a max supply limit with community-driven distribution and embedded utility mechanisms as per tokenomic design.
Background
Fuji was conceptualized in 2018 by a team of Singapore’s blockchain engineers and video gaming veterans. After initial research and design phases, the first Fuji whitepaper was published in mid-2019, outlining the core platform architecture and roadmap.
It was followed by seed and private funding rounds through 2020 to kickstart development. The genesis batch of FJT tokens was minted in March 2021, signifying the launch of the Fuji mainnet beta for staging environment testing by select gaming projects.
After two years of rigorous testing and upgrades to decentralized autonomous network architecture, the Fuji platform is gearing up for full-fledged public release by mid-2023 to support web3 games and applications. Overall, the project has seen steady progress in adhering to milestone targets outlined early on.
Getting Started
As Fuji is a cryptocurrency asset running on blockchain, you’ll need a supporting wallet to store the tokens after purchase. Software hot wallets like MetaMask or hardware wallets like Ledger and Trezor that offer ERC-20 token compatibility are recommended.
Fund your Ethereum wallet from an exchange like Coinbase beforehand, as you’ll likely be swapping ETH for FJT tokens.
Where Can I Buy Fuji Tokens?
As a relatively lesser-known cryptocurrency, Fuji tokens currently have limited options for direct purchase using fiat currencies like USD. The easiest way to buy Fuji is by swapping ETH or USDT stablecoins on DEX platforms:
- Uniswap is a popular decentralized exchange that allows people to buy FJT easily via the MetaMask wallet.
- 1Inch – Aggregates DEX ecosystem liquidity for the best rates on buying Fuji.
You can also check centralized exchanges like HitBTC that support FJT purchases using cards, bank transfers, etc. Options should expand over time as Fuji proves itself.
How to Buy FJT on Decentralized Exchanges
We’ll illustrate the simple steps to purchase and receive Fuji tokens on Uniswap DEX:
- Access Uniswap Interface: Go to App.Uniswap.Org finance platform.
- Connect Wallet: Click ‘Connect to a Wallet’ and choose MetaMask browser extension wallet.
- Select FJT: Type the Fuji token contract address or name to bring up the FJT and ETH pair.
- Enter ETH Amount: Type the quantity of ETH you wish to swap from your wallet balance.
- Swap ETH for FJT: Click ‘Swap’ to finalize the exchange broadcast to the Ethereum network.
- Confirm Transaction: Accept details in the pop-up from the connected MetaMask wallet extension.
After a few minutes, the swapped FJT token balance will show in your Ethereum address. Congratulations, you bought Fuji!
Selling or Trading Fuji Tokens
If you want to book profits or swap FJT for other cryptos, you can seamlessly sell or trade them using DEX interfaces. Access UniSwap again, connect your wallet and simply reverse the order by putting FJT as the “From” currency and choosing the token/coin you wish to exchange it for. Fixed-rate trades are also possible using Limit Order capability.
As centralized exchanges add support for the FJT token, selling options would expand significantly to include fiat liquidation routes. After KYC verification, you can quickly use platforms like HitBTC to sell Fuji for USDT or wire currency withdrawals.
Conclusion
Purchasing and storing Fuji tokens is simple, even for cryptocurrency beginners by using widely available wallets and DEX interfaces.
As developers deliver on ambitious plans to position Fuji at the forefront of decentralized gaming and next-generation wagering infrastructure, opportunities abound for attractive ROI on FJT investments.
Keep up with the latest developments to optimally time your market entry and portfolio allocations to this high-upside crypto asset.
FAQs
Can I buy 1 FujiCoin(FJT)?
Yes, it is possible to buy less than 1 FujiCoin. Most cryptocurrency exchanges allow transactions starting from around $5 or higher.
Is FujiCoin a good investment in 2023?
The unpredictability of cryptocurrency prices applies to FujiCoin as well. Like any investment, FujiCoin carries risks, and potential gains and losses are inherent in its market performance.
How to Store FujiCoin(FJT)?
For long-term storage, security is a crucial consideration. While exchanges offer relatively secure wallets, the inherent online nature of these “hot wallets” poses hacking risks. The safest storage method involves “Cold Wallets,” which are offline. There are two types:
- Paper Wallet: Generated offline, it consists of randomly created public and private keys. These are printed as QR codes on paper, providing offline storage for increased security.
- Hardware Cold Wallet: These physical devices store cryptocurrency, with addresses and keys saved on a USB drive. Access to assets is restricted to the person with the physical USB drive.
Many opt for hardware cold wallets, especially when storing significant amounts of coins or tokens.
How long does it take to buy FujiCoin(FJT)?
Buying FujiCoin is nearly instantaneous on exchanges like DEX. However, the confirmation time depends on the gas price, especially on decentralized exchanges. Submitting transactions with low gas prices may result in longer processing times. Users are advised to consult gas trackers, such as Etherscan’s, for guidance on appropriate gas prices for timely transaction finalization.