How to buy Moneta DAO token with credit card
Want to buy MON, 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 Moneta DAO
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 Moneta DAO?
Moneta is the revenue-sharing token of the DeFi Franc Protocol. The DeFi Franc Protocol allows users to draw loans against ETH and wBTC with 0% interest, and offers capital efficient borrowing thanks to a minimum collateral ratio of 110%. The 0.5% Borrow and Redemption Fee goes to the Staker of Moneta (MON). The DeFi Franc (DCHF) is an overcollateralized stablecoin pegged to the value of one Swiss Franc, and is a further developed version and friendly fork of the Liquity protocol and their stablecoin LUSD. In comparison, the DCHF is pegged to the value of one Swiss Franc (CHF) instead of the USD, allows for more collateral types, and is designed to support native leverage on crypto-assets and LP Tokens. There are two ways to receive the Moneta token: staking DCHF into the Stability Pool, or providing Liquidity into the DCHF-3crv Liquidity Pool on Curve. The only thing users can do with the MON token is stake it in the Staking Pool and profit from the revenues the DeFi Franc Protocol is generating through taking the borrowing and redemption fee.
How do I buy Moneta DAO in 2024?
You can buy Moneta DAO 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 Moneta DAO is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Moneta DAO 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 Moneta DAO?
Your payment processing is securely handled by our partner Transak, and your purchased Moneta DAO 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.
