What do I need to know first
This is a step-by-step guide on how to use RIF On Chain for the first time.
These are all the things you'll need to do. At the end of this page you'll find the link to a step-by-step guide to get it done.
The first thing to do is to set up a compatible wallet to access the platform. This wallet will act much like the wallet you wear every day. It will allow you to store your assets where only you will decide how and when to use them.
The second task is to get rBTC. You will need rBTC to be able to pay the Gas, which is the fee for using the blockchain, payed to miners for mining the transactions.
rBTC (Smart Bitcoin) is a cryptocurrency issued by RSK. It is pegged 1:1 with BTC. rBTC are necessary since with BTC you can't run Smart Contracts, which makes possible for DeFi to exist.
In case you don't have RIF tokens yet, this is a good moment to buy them at: Binance, Hotbit, Kucoin, Liquid and other exchanges you can find in RIF website.
Please Be Advised
Users are strongly encouraged to perform their own due diligence before trusting third-party services mentioned in this Wiki. Despite RIF On Chain's best efforts to provide a clean resource, given the nature of the cryptocurrency realm, scams do exist, and even great projects are frequently compromised. RIF On Chain shall not be responsable for third parties services.
At this point, you'll be able to get tokens from a third party, to buy them on the secondary market, or even to mint your own tokens.
Last modified 1yr ago