How to buy a VIVA Crown with euro via kraken.
Ok, you have read the VIVAcoin white paper, you have look at the FAQ of the VIVAcoin website, you are decided to buy a VIVA Crown.
But you do not have bitcoin or ether or steem and you don't want to loose your time !!!
The cost of a Crown, May 1st is around 1 007 € (= 200 VIVAcoin)
Watch out, this price is going to increase of 1 VIVAcoin for each Crown sold.
Here is a way to buy a Crown with Euro.
Open a kraken account
After you deposit cash from your bank to your Kraken account, you can make an order to buy ETH on the exchange. When your order is filled, you can withdraw your ETH to TradeQwik.
Open a TradeQwik account
- Go into the exchange section
- Verify the exchange rate in VIVACROWN/VIVA
This howto is based on an exchange rate of 200 VIVAcoin for 1 VIVACrown.
Make a wire transfer from your bank account to your kraken account : about 1067 €
Kraken will take a 10 € fee for this transfer.
Your bank will also fee you !
Go back to your Kraken account
- Verify your balance in euro
- Buy 17 ETH (if the price of Crown haven't increased!)
Go to your TradeQwik account
- Go to the exchange section
- Click on ETH
- Paste your deposit address
Go to your Kraken account
- Send your 17 ETH to your TradeQwik account using your TradeQwik deposit address
- Go to your TradeQwik account
- Go to the exchange menu
- Choose VIVA/ETH
- Buy 200 VIVAcoin with your 17 ETH
- Choose VIVA CROWNS/VIVA
- Buy 1 CROWN for 200 VIVA
You are a VIVA Crown holder. Congratulations !
The cryptocurrency environment offer many possibilities to do the same thing with other traders and other cryptocurrencies. If you have more time :
You can choose your trader on Bitcompare
You can choose another crypto : BTC, ETH, Steem...
If you spend to much time to compare the different possibilities, the VIVAcoin ICO may be terminated !
Very nice guide! Yes, get your Crown now, before they are all gone!
This FOMO attitude to an unproven project is dangerous, be careful.
https://steemit.com/cryptocurrency/@kyle.anderson/crypto-markets-are-exploding-can-the-market-keep-up-revisiting-a-note-of-consensus-in-this-time-of-cryptocurrency-chaos
I gave your post an UP vote.
This project has proven itself to me, and I have already profited quite a lot. But I was in from the beginning, and there is never any guarantee of future gains. Never invest more than you can afford to lose! I will tweet that phrase right now. I've been tweeting a lot about VIVA and it should be said that projects like this are a risk, as all cryptocurrency are.
EDIT: Done! https://twitter.com/KennyCrane/status/858003528840863744
Well as an early investor, your probably going to make some money from the chaos that an ICO brings these days. It will overvalue itself quickly in my opinion.
You certainly understand what you are doing. Just want to make sure others have some sense in this space.
VIVA has been selling Crowns for going on 6 months now and the price has never retracted, not even once. This is because the developers never sell one for cheaper than the last sale. Yet the market is open and crown holders are free to sell into it at any time.
I'd be very interested in why you believe it will over value itself. To our mind this is exactly the right way to do price discovery, because coins are sold one at a time at a fixed spread in gradually increasing increments.
If you know a better way to perform price discovery I'd be fascinated to know about it.
Keep in mind, we're trying our best to reduce the chaos an ICO brings, and instead channel that chaotic energy into making markets in other currencies in our exchange. Money is only worth what you can buy with it.
Crowns are not intended to be money, but instead are an indivisible digital asset that confers a certain specific set of rights and responsibilities upon the owner.
Almost no one buying in right now is doing so in hopes of selling on a moonshot. Most crownholders are engaged in drawing up business plans for their mints and this activity builds the ecosystem organically.
You see we try to strike the right balance between fiscal responsibility and social responsibility.
If you want to speculate, you should use VIVA Coin, not VIVA Crowns. VIVA Coin is designed to be a speculative instrument with a fixed range of motion. Like pistons in an engine.
VIVA Crowns on the other hand are designed to be a solid asset, something you hold for a lifetime and give to your children and grandchildren in order to secure their financial future as well.
We've got enough coins that want to go to the moon, so VIVA built a starship instead.
This is a naïve view of cryptoeconomics if you ask me
It's been my experience that people who use the word naive in reference to other's knowledge of a given topic, are looking in the mirror when they say it.
Naive is one of those words that gets tossed around a lot when people don't know enough to form a solid opinion and they see something that is counter intuitive, but their mind is locked in an old or outmoded way of thinking.
"You're naive!", is the last dying gasp of the uncritically thinking mind before it opens to new concepts.
So instead of the ad hominem, how about we discuss your superior informed point of view.
Because I am in fact, asking you.
Actually read the whitepaper then tell us all about how this fails in your esteemed opinion please.
Or walk away and don't bother with the discussion, if you're refusing to contribute anything of value, because you're just trolling.
I strongly disagree with the VIVA economic parameters. They have created a complex system without a clear understanding of what exactly will happen when game theory is applied. I don't want a lecture on the meaning of naive, I happen to have experience in this area and am familiar with the project.
This quote is a prime example of the misunderstandings regarding how decenteralized networks function. After my assessment, this project is not bringing anything worthwhile to the table. The ICO serves only to make some early investors some cash.
edit - I could be very wrong about the ICO intentions but looking at the economic parameters, I am not very confidant about the technology and economic theory behind their stable coins. Projects like MakerDAO and StabL offer much more compelling stable token projects.
Disclaimer: I am just a bot trying to be helpful.
Hi @kyle.anderson - there IS a FOMO attitude because there will only be 6500 VIVA Crown available at ICO. Whitepapers page 41
@chrisaiki Thank you for breaking down in steps a way to get a VIVA CROWN with EUROS. I was wondering the same.
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