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How to buy Adamant (ADDY) in South Africa
Learn how to buy Adamant (ADDY) easily by following a step-by-step guide and compare 10+ crypto exchanges.
How to buy Adamant
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Adamant.
- Open an account on an exchange that supports ADDY.
Unfortunately, at this time no major exchanges in South Africa offer ADDY, but you may be able to purchase it with another cryptocurrency. Just be sure to follow all legal restrictions and requirements.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Adamant.
- Buy Adamant.
Complete your Adamant purchase and then find the best wallet to store ADDY.
What is Adamant?
Adamant Finance (ADDY) is a yield farming aggregator that operates on the Polygon network. You can think of it like Yearn Finance but for Polygon. It combines user funds to seek out the best yields on AMMs such as Quickswap and Sushiswap. It uses liquidity provider tokens which means that users are able to earn a secondary income on tokens that have already been deposited elsewhere. Furthermore, earnings are compounded regularly, which means that yields increase exponentially relative to the capital deposited. The ADDY token is awarded to liquidity providers and is staked in return for a portion of the platform earnings.
Adamant (ADDY) is in the top 1,000 cryptocurrencies in the world by market cap. The current price of Adamant is $3.34, which is -3.319% lower than yesterday. Prices have ranged between $3.45 and $2.91 over the past 24 hours. All prices are listed in US dollars and accurate as of December 05, 2021 12:12 UTC.
Where to buy Adamant
Unfortunately, at this time no major exchanges in South Africa offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Adamant at a glance
|All time high||US$86.50|
|Notable team members||Pavel Evgenov|
|Token uses||Utility token|
Adamant price performance over time
How to sell Adamant
You can cash out your ADDY with the same exchange you bought it through:
- Sign in to the exchange you have ADDY on.
If you store your Adamant in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of ADDY you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Adamant.
What to consider when buying AdamantPotential buyers of Adamant Finance (ADDY) should do thorough research of the platform before purchasing the ADDY token, and familiarize themselves with certain risk factors such as:
- High yields. Adamant Finance acknowledges that the high yields offered in their degen vaults are not sustainable, and as such users should check yield rates regularly.
- Anonymous developers. The development team that manages Adamant Finance is not publicly identified. While this is common with some DeFi protocols, it also increases the risk of the protocol being compromised from within, putting user funds at risk.
- Polygon. Polycat operates on Polygon, which is a sidechain (or layer-2) on Ethereum. This means you first need to transfer your funds from Ethereum to Polygon before you can use them on Polycat.
Adamant (ADDY) in news
Berkshire’s Charlie Munger Praises China for Banning Crypto — Wishes Crypto Had Never Been Invented
How Proof-Of-Work Is Useful Beyond Bitcoin
Crypto exchange BitMart reportedly hacked for $100 million
Disclaimer: Cryptocurrencies, including Adamant, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ADDY is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Adamant or any other cryptocurrency discussed.
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