- Wakanda Inu WKD after the completion of its token sale on Pinksale Finance began trading immediately on Pancakeswap
The performance of the newly-launched and community-backed meme coin Wakanda Inu Token (WKD) over the last few days after its presale is notable.
The meme coin dedicated to the African continent is named after the fictional African city with advanced technology in Marvel’s blockbuster Black Panther, released in 2018.
The emergence of Wakanda Inu is historic for the African continent, marking the massive adoption of alternative asset class- cryptocurrency.
Due to the huge support behind the first African community-backed meme cryptocurrency, some hours after its issuance, its price continued to peak, notably ‘heading for the moon’ as most cryptocurrency users are wont to say. As of the time of writing, Wakanda Inu is down by 23% on the 24-hour timeframe.
Notwithstanding, the focus of this post is a step-by-step guide on how to buy Wakanda Inu (WKD) from popular decentralized exchange or AMM, Pancakeswap.
Wakanda Inu is a meme token created on Binance Smart Chain (BSC). Buying the meme token will not prove difficult if the steps below are followed dutifully.
First, you need to have a wallet that has a browser for decentralized applications (DApps) and also supports interaction with AMMs.
You can either download Trust wallet or Metamask. Trust Wallet is more preferable in this case due to its ease of use.
To buy Wakanda Inu (WKD), you need to have either Binance Coin (BNB) or Binance USD (BUSD) in your Trust Wallet. If you don’t have any BNB or BUSD, you can purchase some from centralized exchanges like Binance or KuCoin.
If you wish to purchase BNB and send it to your Trust wallet, ensure that you copy the right address, which is BEP-20. In other instances, you can purchase BNB via a P2P transaction.
You cannot use a BNB (BEP2) wallet to receive smartchain BNB. Otherwise, you will lose your funds.
After confirming receipt of the funds you sent from the exchange, visit pancakeswap.finance in the browser section of your Trust Wallet app.
Ensure that your wallet is connected to the AMM, so you can access the funds you initially received.
Also, confirm that the network is set to Binance Smart Chain (BSC). Pancakeswap only supports the BSC network.
Usually, the base token displayed on Pancakeswap is BNB. However, you can always change it to either BUSD, USDT or other available tokens.
If you wish to swap BUSD for Wakanda Inu, there has to be some amount of smartchain BNB left in your wallet that would serve as a fee to process the transaction.
Copy and paste Wakanda Inu contract address 0x5344C20FD242545F31723689662AC12b9556fC3d to access the token for swapping.
Or you can use this link https://pancakeswap.finance/swap?outputCurrency=0x5344C20FD242545F31723689662AC12b9556fC3d for direct access. Just copy and paste on the search column.
After clicking on ‘Swap,’ you would be taken to an interface where you have to confirm the transaction. After confirming it, you would get a message that says ‘Transaction Submitted.’
Adding Wakanda Inu Token to Trust Wallet
You can either check your token balance through Pancakeswap or by adding the token to your wallet. To add Wakanda Inu to your wallet, follow this process.
A search for Wakanda Inu does not bring any results because the token is not officially recognised by Trust Wallet. However, you can always input details of the token to add it to your wallet.
Click on ‘Add Custom Token’
Change network from ‘Ethereum’ to Smart Chain.
As contract address, input this: 0x5344C20FD242545F31723689662AC12b9556fC3d
Name: Wakanda Inu
- Symbol: WKD
- Decimals: 9
Wakanda Inu has received considerable support from several African crypto influencers, making it the envy of other meme tokens. However, this is not an indication that you can go ahead to purchase Wakanda Inu without doing diligent research.
Cryptocurrencies can be volatile; meme tokens are more volatile because they are merely driven by hype. Interestingly, Wakanda Inu seems to want to become more than a meme token. Whatever the case, ensure you DYOR before buying.
Crypto is volatile but it could also be rewarding.
What do you think of this article? Share your comments below.
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