How to buy Auxo token with credit card
Want to buy AUXO, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.
Ondefy offers the fastest way to buy Auxo
Follow these steps to get started:
1. Enter Amount
2. Connect your email or wallet
3. Pay by credit card or bank transfer
What is Auxo?
Introducing AUXO, an ERC-20 Token deployed on the Ethereum Network that represents shares of the Auxo DAO treasury. The AUXO token has a strictly controlled policy of expansion, designed to be non-dilutive versus the net asset value (NAV) of the treasury and with no mechanism of inflation. The AUXO token is fully distributed to its token holders, with 20% of supply held by the DAO as protocol-owned-liquidity used in market making.
The Net Asset Value for AUXO is calculated as total assets held by the protocol divided by the total AUXO supply. Assets are comprised of liquid assets held in the treasury, illiquid assets held in the treasury, and ETH side of AUXO-ETH pairs where the treasury is providing liquidity. The valuation of the assets follows a 7 day TWAP. The price of liquid assets is recorded for TWAP computation every day at market open, while the price of illiquid assets varies based on the nature of the liquid asset itself.
It is only possible to mint new tokens with governance approval, specifically via an inflow of new capital into the treasury at NAV value through a mechanism known as bonding. This feature ensures that previous holders are not diluted from newcomers joining the DAO.
How do I buy Auxo in 2024?
You can buy Auxo using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether Auxo is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Auxo for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.
Is it safe to buy Auxo?
Your payment processing is securely handled by our partner Transak, and your purchased Auxo tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.
