![]() While we are independent, the offers that appear on this site are from companies from which receives compensation. WOOFY will arguably create a more attractive entry point for investors.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Because YFI is priced at five figures due to a low circulating supply, there were concerns among investors that traders would be reluctant to buy YFI due to its perceived “high” pricing. 1 million WOOFY can be exchanged for 1 YFI and vice versa. WOOFY has a circulating supply of 280 million tokens and a maximum supply of 281 million. Yearn Finance is a platform that allows users to access the highest yields on deposits of Ether, stablecoins and altcoins. Unlike most dog-inspired coins, WOOFY is redeemable for YFI, which is the native token of Yearn Finance. But it’s not a pure meme coin because it’s backed by a more serious token, YFI. Woofy is similar in that it uses a cute blue dog branding and it was launched after Tesla CEO Elon Musk’s Dogecoin-inspired Saturday Night Live show in order to get a boost from the hype around dog-inspired joke coins. Meme coin? The popularity of Dogecoin inspired the creation of other dog-inspired meme coins, such as Shiba Inu and Kishu Inu.You can keep your WOOFY on the exchange you purchased it on, or move it to a personal wallet: You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.Wait for the transaction to finalize and the WOOFY tokens will arrive in your wallet.Make sure to leave enough ETH in your wallet to pay for gas. Trade ETH for WOOFY on the DEX of your choice, following the instructions on screen.Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.You can use a service like Etherscan to get an idea of how much gas fees currently cost. You will need to purchase enough ETH to swap for WOOFY as well as ETH to pay for transaction fees on the Ethereum network (known as gas). Buy ETH to trade for WOOFY using an exchange like.Popular DEXs include Uniswap, SushiSwap and 1INCH. ![]() Find WOOFY on a decentralized exchange and make sure Woofy can be traded for ETH which is the native asset of Ethereum.How to purchase WOOFY using a decentralized exchange. Please learn about decentralized exchanges first if you're unfamiliar. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. All international money transfer servicesĭecentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. ![]()
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