Where to Buy SingularDTV (SNGLS)? How to Buy SingularDTV (SNGLS)?
SingularDTV (SNGLS), is a content production and distribution platform built on Ethereum. The goal is not only to create and broadcast quality film and tv content but also to reshape the entertainment industry into a more fair, efficient and transparent business (thanks to blockchain and smart contract technology). Wonder where to buy SNGLS coin? Why should you invest in SNGLS? Read on and find out.
What is SingularDTV (SNGLS)?
SingularDTV Coin is a cryptocurrency that is organized decentrally and based on the Ethereum protocol. Media content, such as series and films, is offered on the corresponding platform by means of blockchains.
SingularDTV describes itself as a “blockchain entertainment studio, smart contract rights management platform and video-on-demand portal.”
SingularDTV is trying to create a decentralized ecosystem for the entertainment industry which would bring consumers and artists in direct contact on its platform, omitting the need for third-party entities such as Netflix or YouTube.
The company’s concept is based on 11 modules, some of which are already available as features on the platform, but some of which will not be released until 2018 or 2019.
The modules are: Tokit, Decentralized Exchange, Codex, Launch Pad, Legal Repository, Production Service/Crew, Equipment Rental, Talent Management, Marketing, Union Interface and EtherVision.
The SNGLS token itself is an ERC20 token on the Ethereum network and it will represent several things. SNGLS tokens represent IP: SNGLS are not just tokens meant to go up as a result of hype or utility. It can be an expression of Intellectual property from an upcoming album of an artist or an upcoming television series.
It’s also a utility token, it’s used to operate many of the modules or applications that will live inside the SingularDTV ecosystem. When the Ethereum’s protocol is upgraded to allow for ERC20 tokens to be used as gas then the SNGLS token will also be usable as the gas that triggers smart contracts in the application.
Where to Buy SingularDTV (SNGLS)?
At the time of writing, you may get TRON (TRX) coin from the following exchanges:-
Most of us may not be able to deposit fiat currencies into the abovementioned exchanges directly. However, you can send bitcoin to the exchange accounts and buy SNGLS with BTC.
If you are totally new in this, please refer to the following steps to get your first SNGLS coin.
How to Buy SingularDTV (SNGLS)?
Step 1: Create a Coinbase Account to Get bitcoin
There are many ways to buy bitcoin. Perhaps the easiest way is through Coinbase. Go to the Coinbase Signup Page and fill in your first name, last name, email and choose a password.
The registration is quite straightforward. Once, you hit “Create Account”, then you just need to verify your identity (eg: pictures of your driver’s license, etc). Once your account is created and verified, you’ll need to add a funding source like a bank account and/or a debit card. Once this is set up, you can buy some bitcoin.
Many people have the wrong impression that they must buy one full (unit) of BTC. In fact, you can buy even a small fraction of BTC (e.g. 0.05).
The reason I encourage my readers to buy BTC from Coinbase because you will get $10 free BTC once you trade your first $100 through Coinbase.
If you are buying bitcoin via credit card, Coinbase will post two small charges on your credit cards. All you need to do is to verify these charges through your credit card’s recent transaction history and confirm them on Coinbase dashboard.
Step 2: Create a Binance Account
Create an account with Binance by going to their registration page.
The registration process in Binance is super fast & easy. Less can be said about interpreting their dashboard, but it’s not the worst. Once, you’re approved here, we’ll get to the good stuff.
Step 3: Transfer BTC to Binance
Go to Binance “Funds” and “Deposit” from on the top right menu.
Here, you’ll see a list of currencies and you need for “Bitcoin.” When you find Bitcoin, click the “Deposit” icon to open a lightbox in which you will generate a Bitcoin Deposit address. Once you’ve done this, copy that long string of letters & number.
Now, go back to Coinbase. Here, you’ll navigate to the Send/Request tab. Now paste the Bitcoin deposit address you got from Binance into the “Destination” box and type in the amount of Bitcoin you want to send. You can opt to either move all of your Bitcoin or some fraction.
Just one click and your funds should be on their way to Binance. It will take a bit of time, perhaps 15 minutes or more, for your BTC transfer to complete.
Step 4: Trade Bitcoin for SNGLS Token on Binance
To trade your BTC for SNGLS:
- Check the price of SNGLS in real time (1-minute), and when you are happy with the price, say 0.00002602 (SNGLS/BTC) as shown in the below figure.
- Click the “Limit” and change to “Market”. This means you are calling the platform to generate the latest bid price.
- Then, key in the number of SNGLS you want to buy. In this example, we are buying 50,000 SNGLS in the transaction.
- Click “Buy SNGLS”.
You just exchanged Bitcoin for SNGLS. Be aware that there often isn’t much SNGLS for sale at the very lowest price, so you may need to repeat steps 1-3 a few times until all your Bitcoin is exchanged.
You then can check your wallet again and see the amount of SNGLS token you have just purchased.