Kucoin now supports Proton MainNet which means you can deposit XPR to Kucoin without paying network fees!
1. Get Your Memo
Once you have setup your Kucoin account go to Assets > Deposit and select XPR Proton
Now you should see a screen like this showing the Proton Address you should send your XPR to as well as Your Memo which you MUST include.
2. Send to Kucoin
Now open Proton wallet and copy and paste the kucoindotxpr address into the search bar and select it.
Then choose how much XPR you would like to send, click continue and paste Your Memo from Kucoin into the memo field on Proton wallet.
Press Send now, authorize the transaction and within a minute you will see your XPR in the deposit history on Kucoin
Congrats you are ready to trade!
Metal have just announced an official date (June 15th at 12am PST) and details about the Proton Lend LOAN token airdrop to XPR and MTL holders and stakers!
From their blog;
We are excited to announce the introduction of LOAN governance token for Proton Lend and the incoming airdrop that can only be accessed directly on the Proton blockchain. The LOAN token will be used to vote on governance decisions such as which tokens can be collateralized on the protocol to borrow and lend, as well as the rates for borrowing
They have announced that the LOAN governance token can be earned in one of three ways:
1. The initial airdrop of LOAN to XMT, XPR and XPR short/long term stakers
2. Liquidity mining on Proton Lend via providing liquidity to any approved pair on Proton Lend protocol
3. Liquidity mining on Proton Swap via providing liquidity against any LOAN pair
You can only access the initial airdrop as well as liquidity mining on the Proton blockchain, the Proton Lend and Proton Swap protocol. Which means you need to have your MTL and XPR on the Proton blockchain.
Download the Proton Wallet and move your $MTL & $XPR there ASAP!
And now for the juicy details, the distribution ratios of LOAN for the airdrop is broken down as follows:
- 333:1 XMT (known as MTL on Ethereum)
- 1:1 XPR
- 2:1 XPR short stake
- 10:1 XPR long stake 90 day
- 30:1 XPR long stake 365 day
When is the LOAN Airdrop on Proton?
June 15th at 12am PST according to the announcement;
Proton Lend opens up a new possibility for borrowing and lending against multiple blockchains that were not accessible on Ethereum or other protocols previously. The LOAN airdrop will commence on June 15th at 12am PST, any of the listed tokens that are held on Proton or in short or long staking contract at that time will receive the airdrop.
For more information on staking and the LOAN airdrop, read the official announcement here.
Thanks to Syed over at bloks.io you can now easily deposit your Proton NFTs to the Bloks Tip Bot and tip people in chat with /tipnft
Let’s run through the steps real quick..
Log in to Proton Market, connect your wallet and purchase or mint an NFT that you would like to tip on Telegram.
Visit the Proton NFT telegram group
Join the group and find the user @TippedBot
Message @TippedBot directly with the command /depositnft
It will respond with your Telegram ID, copy it.
- In the Send To field enter: tippedtipped
- Select the NFT you would like to deposit to the Tip Bot
- In the Memo field, paste your telegram ID you copied before
- Hit transfer and authorize it using your Proton Wallet.
Now when you message the Bloks Bot on Telegram (@TippedBot) with the command /nfts you will see your NFT along with it’s asset ID.
You can now go back to the Proton NFT telegram group and to tip someone an NFT simply reply to a message in the group with the command /tipnft ASSET_NAME or /tipnft ASSET_ID
If you would like to tip a specific asset, enter the asset ID string alternatively if you use the asset name such as “Zero Gravity” it will automatically tip the highest number card available in your Telegram Lite Wallet.
Welcome to Crypto! Where the gains are high but so are the fees… every time you want to send someone Bitcoin (BTC) or Ethereum (ETH) for example, you have to pay a transaction fee or “gas”.
But what if there was a way to send BTC, ETH or even USDC without paying any of these fees?
Introducing Proton ⚛️
Proton Chain eliminates transaction and gas fees by wrapping BTC or ETH as xtokens aka XBTC and XETH respectively. Once you’ve converted your crypto to xtokens on Proton you can send and receive crypto to others on Proton – without paying gas fees.
But that’s not all… if anyone has tried sending Bitcoin or Ethereum to a friend or tried to pay for goods online, you know how long it takes for a transaction to be “confirmed”. So not only do you have to pay fees for the privilege of sending someone money but it also takes forever to send. This isn’t the blockchain dream we were sold.
How do I convert my crypto to xtokens on Proton Chain?
The number of supported coins and tokens in Proton Wallet is growing by the week!
Go to our Proton Tutorials page for more information on how to use Proton.
Swapping between currencies has never been easier with Proton Wallet you can swap instantly between USD, BTC, ETH, XPR and more!
1. Download Proton Wallet
Download Proton Wallet for iOS or Android using this link.
2. Deposit Crypto
Deposit Crypto to your Proton Wallet using Proton Swap.
Follow our guide on how to Deposit Crypto to Proton Wallet.
3. Swap Crypto
Open the Proton Wallet, press the + button at the bottom of the screen.
Select the drop down arrow next to XBTC.
Select USD Coin (XUSDC)
Enter the amount of XUSDC you would like to swap to XBTC and press Preview Swap.
Press Swap Now.
Back on the Home Screen select your XBTC balance.
You will see the XBTC in your balance from ProtonSwap.
That’s it! You can also do this same operation on Proton Swap if you prefer a web interface.
1. Swap to XUSDC
To lock in the best price, we recommend that you use Proton Swap to swap your crypto (BTC, ETH etc) to XUSDC first.
2. Sell on Easy Crypto
Visit Easy Crypto and Sign Up.
Once you’ve signed up and verified your identity, go to the home page and change the drop-down on Quick Buy/Sell on the right from New Zealand Dollar (NZD) to USD Coin (USDC).
Enter the amount of USDC you are converting to NZD. In this example I chose $300 USD.
Press the green Sell Now button.
You will be taken to the Confirm Payment Details page.
Press > Get USDC deposit address
Read the message inside the yellow dropdown and tick the two confirmation boxes.
You will be given a deposit address, click on the little blue clipboard to copy the address.
Select WITHDRAW and choose USD Coin (XUSDC)
Enter the amount of USDC you chose to sell on Easy Crypto in to the Withdraw Amount field.
Paste the USDC address that you copied above in to the Ethereum (Mainnet) Address field.
The Proton Signing Request will pop-up.
Open the Proton Wallet on your mobile device.
An authorization request will pop-up, confirm the details are correct and click Authorize.
That’s it! Now check your email for confirmation from Easy Crypto.
Funds generally show in your bank account after 1-2 business days, but it usually shows same day!
Don’t forget to let Easy Crypto know we sent you!
Thanks for voting for Proton NZ!
Join us in the NZ Cryptocurrency Group on Facebook to connect with other Proton users in New Zealand.