The past few years have seen the web3 and AI industries become more entangled than ever, with a number of tech start-ups identifying the compatibility of blockchain tech for their computational requirements.
This has resulted in the emergence of some exceptional AI crypto projects, with the latest being WienerAI ($WAI). This project, currently in its presale phase, is an AI-powered, dog-themed meme coin with added pre-launch staking rewards.
In this guide, we will cover the key features of the project, and highlight how to buy WienerAI ($WAI) with an illustrated, step-by-step guide.
How to buy WienerAI ($WAI) – Step-by-step guide
Below is an illustrated, step-by-step guide on how to buy WienerAI tokens during the ongoing presale. The token is an Ethereum network token; therefore, you must create and fund an ERC20-compatible crypto wallet.
Due to the volatility in meme coins, it is crucial to do your own research on new projects, crypto presales, and ICOs and assess your risk appetite before investing.
Step 1: Download MetaMask and create a new wallet
The first step is creating your own unique ERC20-compatible crypto wallet to purchase $WAI. Our experts recommend using MetaMask as it is one of the most widely used crypto wallets.
Start by visiting the official MetaMask website to create your new crypto wallet. The website will automatically detect whether you use a mobile device or web browser on PC.
For this demonstration, we opted for the Google Chrome version of MetaMask. Select the ‘Download for Chrome’ tab, which will take you to the Chrome extensions page, and add the MetaMask extension to your browser.
When initially opening the extension, you will be given the option to create a new wallet.
Step 2: Set a password and securely store the seed phrase
Next, you will need to set a password for your new MetaMask wallet. Once having confirmed the password, you will be given the seed phrase to your wallet which is the master unlock phrase.
The seed phrase is 12 words in a specific order, and MetaMask advises you to write it down on a piece of paper and securely store it in a safe place. Once written down, you will need to confirm the order of words.
It is recommended never to take a screenshot, write it into notes backed by the cloud, or store it anywhere that connects to the internet.
In any instance, you should never share your seed phrase with anybody, which includes dubious actors pretending to be support staff of projects. The seed phrase will give full access to your wallet and funds.
Step 3: Fund your MetaMask wallet with $ETH
To join some of the best crypto presales, you will need to fund your Ethereum network wallet with some crypto.
Our team recommends always using a reputable cryptocurrency exchange, such as Coinbase or Kraken, to purchase Ethereum and other cryptos with fiat. When making the purchase, you will be asked to enter a receiving destination for your cryptocurrency.
You will need to copy and paste your MetaMask wallet address, which starts with 0x and is followed by 40 alphanumeric characters.
Step 4: Initiate token swap for $WAI
The funds will appear in your wallet after some time, depending on which payment method was used to make the purchase.
The next step is to visit the official WienerAI website and, at the exchange widget, select the “connect wallet” option. Click it and authorize the connection request at the MetaMask extension.
Now, enter the amount of $ETH you wish to swap for $WAI in the exchange widget. You will be prompted to leave 0.015 $ETH in your wallet to cover transaction fees. It is recommended to always leave a few transactions worth of gas fees in your wallet to cover token claiming, staking transaction fees, and any future swaps.
Select the ‘Buy Now’ option to initiate the swap for WienerAI tokens. A window will pop up at the MetaMask extension, asking you to confirm the transaction. Confirm it to initiate the swap.
You also can opt for the ‘Buy and Stake’ option, which currently offers over 1900% annual rewards. The ‘Buy and Stake’ option will immediately stake $WAI purchased in presale and provide staking rewards during the waiting period until launch.
It is worth noting that the “Buy and Stake” option will have a higher transaction fee due to the smart contract interactions.
Key facts and figures for WienerAI
- Token supply: $WAI has a total token supply of 69 billion tokens
- Positive sentiment: WienerAI has raised over $350,000 since launching, displaying positive community sentiment.
- Market narrative: WienerAI combines two of the hottest narratives in the crypto space: meme coins and AI.
- Pre-launch staking: $WAI can be staked immediately while awaiting the presale end and token launch. You can ‘Buy and Stake’ immediately in presale for over 1900% staking rewards.
- DEX/CEX liquidity: A 10% reserve allocation has been set aside for liquidity provision on centralized and decentralized exchanges.
Benefits of participating in the WienerAI presale
- Early price entry: By participating in some of the best upcoming ICOs, you can obtain tokens at an early-stage discounted price. If the market sentiment increases and buying volume spikes, you have the best possibility of gains should the token increase in price.
- Pre-launch staking incentive: Presale participants can qualify to stake tokens immediately while awaiting the full launch. This enables you to earn passive rewards while waiting for the presale to end.
- Follow the market trend: Currently, the AI and meme sub-categories of crypto tokens are trending. By participating in WienerAI, you can own crypto that is centered around the market narrative.
Risks of participating in the WienerAI presale
- Meme coin volatility: Meme coins tend to be more volatile than other cryptos
- No beta product: Although the project website hints at a ‘chatbot GPT companion’, a beta release is yet to be launched.
- Project sustainability: There is no guarantee of the project’s longevity, and its success is partially determined by several external factors such as community opinions, market sentiment, and product viability.
Make sure to visit the official website to explore the whitepaper and join community socials to keep up to date with the project.
FAQs
What is $WAI
The token currently provides staking rewards of over 1900%.
Do I need to own Ethereum to buy $WAI
Why do I need MetaMask?
You can opt for a Coinbase wallet or a newly launched crypto wallet, BestWallet. There is also a Wallet Connect option, which allows you to connect various other crypto wallets.
