We made this video at the request of one of our subscribers. You know, the sacrifice phase of Liquid Loans is underway and many people don't know how to get involved in the sacrifice.
So, in today's video, we'll first tell you everything you need to know before you sacrifice, then we'll tell you step by step how to participate in the sacrifice. As usual, watch this video to the end so you don't miss any details.
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Let's get started!
Before we move on to the steps of the sacrifice, let us remind you what it is.
Liquid Loans is a Defi lending protocol launched on PulseChain. Users will be able to extract value from their $PLS tokens without having to sell them. Using this protocol means that you will never have to sell your $PLS tokens. This is unique because historically, the only way to extract value from your tokens was to sell them on the market. Now, you don't have to do that; instead, you lock them in a safe and mint a stable USDL coin. You can then do whatever you want with the stablecoin. When you want to release your $PLS from the safe, you simply pay back the same dollar value of the stable coin you borrowed.
So, what is the sacrifice phase?
A sacrifice is not unlike an IPO or crypto ICO. It's essentially your way of participating in the project early and at the lowest entry price. Sacrificers will receive points based on the dollar amount of stablecoins sacrificed. Earlier sacrificers will receive a higher point value than later sacrificers. At launch, tokens will be awarded according to the points earned in the sacrifice phase. You have the option of delaying the reward by locking in your tokens for up to 24 months to receive up to 2.5 times more tokens than you would otherwise receive at launch.
#1. Buying cryptocurrency with legal tender.
So, the first step is to create an account on coinbase and deposit the funds there.
Once you have successfully deposited funds into your Coinbase account, purchase USDC and ETH. You will need ETH to pay for gas fees on the Ethereum network. 100 minimum. USDC is what you will sacrifice. Coinbase will charge a fee to send the crypto to your wallet, so buy a little more USDC than you plan to sacrifice.
#2. Set up a MetaMask wallet.
Go to metamask.io and download the MetaMask wallet.
Another easier way to do this is to go directly to the google web store and enter MetaMask in the search bar of the web store and then add it to your browser. We recommend using Google Chrome, Brave or Firefox as they are optimized for this.
After installation, MetaMask should open like a page in your browser. If it does not, click on the MetaMask icon in the top right corner to start the process. You will then be prompted to import or create a wallet. So, click on Create a wallet if you don't have an account yet. Or on IMPORT WALLET if you already have one and enter your recovery phrase containing your 12 secret words.
MetaMask will then ask you to collect your data to improve the application. This is not mandatory: you can accept by clicking on I agree or refuse by clicking on No thanks.
After that, you have to create a password to secure your wallet. Indeed, MetaMask keeps your private keys locally in your browser, and the password allows you to encrypt them so that no one but you can use your funds from this browser.
Finally, MetaMask will ask you to save a 12-word recovery phrase. This phrase will allow you to recover your funds if your device is broken, lost or stolen. Be sure to keep this phrase safe. The best way to do this is to write it down on a piece of paper.
Please note: this phrase gives you full access to the funds in MetaMask, so you must keep it secret.
Once you have confirmed your recovery phrase, that's it! Your account is now created and you should be able to use it.
To receive funds, click on the Deposit button. MetaMask will offer you 3 ways to make a deposit. But the way we are interested in is through coinbase.
#3. Send the crypto from Coinbase to the MetaMask wallet.
To do this, copy the address from your Metamask Wallet, and return it to your Coinbase wallet to transfer Ethereum.
#4. Proceed with the sacrifice.
Once you have transferred your Ethereum to your Metamask Wallet, you can now proceed with the sacrifice. To do so, you must first check your address on the thesacrifice.io website.
You can find the link in the description. Please use this link so that you do not make the mistake of using the wrong site.
Once you have checked that you are on the right website, copy the address into your MetaMask and click on "Send". That's it, you are done. You have participated in the sacrifice. If you want to know what you get by sacrificing, we have made a video about it. The link is in the description. We recommend you, watch that video to understand better how it happens.
We hope you guys found this video tremendously valuable and especially entertaining. Be sure to check out our Crypto Brand called CRYPTOPRNR; to get yourself the highest quality Crypto Merch available right now on the market and also make sure to subscribe so that you don't miss out on any of our content. Till next time, Goodbye.