How to purchase simple ledger protocol tokens on memo.cash

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Avatar for Ericmannie
3 years ago

On my last post I promised I'll make a post on how to purchase simple ledger protocol tokens on memo cash and here it is.

Firstly what is memo.cash?

This is a an online peer to peer trading platform,where you can create posts like blogging to earn Bitcoin cash,you can trade your Bitcoin cash with any simple ledger protocol token and also sell your tokens too which you'll be paid Bitcoin cash in return also.

It's a really smooth site and you can get through it without any help. But here am I, guiding you through it.

Incase you Don't know what simple ledger protocol tokens are,you can check on my previous post.

So first of all when you input memo.cash into your browser,it takes you to the homepage where it tells you to register,since I'm an already registered user,this is my homepage below,where it's asking me to create a post to earn Bitcoin, asking me to set up my name and profile and also asking if I want followers suggestions.

Where it is asking me to set up my name and profile etc

Since we're only talking about how to buy simple ledger tokens on here so lemme put you through gently and let's focus on it.

When you've registered and at the homepage like me,all you need to do is click Bitcoin cash sign at the top of your screen as you can see below and it will take you to your account where you can see your account balance and your memo.cash wallet in which you can deposit Bitcoin cash or simple ledger protocol tokens....the one for simple ledger protocol tokens starts with "simpleledger" while the other normal Bitcoin cash address starting with "qq" is the one you'll deposit Bitcoin cash into.

After clicking the Bitcoin cash sign,this is next screen that pops up, showing your wallet address for bot Bitcoin cash and simple ledger address

When you're done with the deposit and your deposit has reflected,then click the three lined button at the top right of your screen and there will be a pull down list,on that pull down list click on "tokens" as illustrated below:

After clicking the three lined button on the top right,now click on tokens on the pull down list.

wait for the page to load and after loading you'll see the list of tokens,click on sort and select if how you want them to be arranged,then click on the one you'll love to purchase,let's take honk as an example.

Now click on HONK on this page

After clicking honk wait for the page to load and after it's done loading,click on "for sale" and click on for sale on the pull down list as illustrated in the picture below:

Now click on for sale and click on for sale again on the pull down list

Then on the next page you'll see the list of orders available,now click on the best order that you'll love to take.

The list of orders available.

Note: the entire order is picked by you as you cannot split it,so if you see a 400000 quantity of token on the order list and you click on it, you're actually buying the entire token and leaving no one behind so if you don't have sufficient Bitcoin cash in your balance to clear the order,you won't be able to clear the order.

It's as simple as that,so after the transaction is completed,the purchased token is transferred to your simple ledger protocol wallet,which you can either leave on there or transfer to another simple ledger protocol wallet or use it for anything you want to.

I hope with this I've been able to help you with how to purchase simple ledger protocol tokens....if you have any questions,you can ask in the comments section.

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3 years ago

Comments

i never heard about memo.cash,now i got a lot of new informations about this,i will check out this

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3 years ago

Member.cash is an alternative GUI based on Memo Protocol. You can import priv key from memo to https://member.cash and also post via member.cash. Member.cash is not yet able to handle SLP Token

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3 years ago

Oh ok sir I'll check it out and see what it's all about

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3 years ago