How to Buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase SOS on BYDFi. We'll guide you through it
Choose how to purchase SOS on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (SOS). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 700+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store SOS in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your SOS to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy SOS on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive SOS
Trade
Answers
What Is OpenDAO (SOS)?
OpenDAO is referred to as the token of the metaverse and aims to become a central asset for the metaverse and Web3, similar to stablecoins like USDC. OpenDAO launched its SOS token on Christmas Day 2021 through an airdrop to users who had bought, sold, or traded NFTs on the OpenSea marketplace. The goal was to pay tribute to NFT creators, collectors, and marketplaces and nurture the NFT ecosystem.
OpenDAO aims to provide utility for its token by allowing users to mint NFTs with SOS, trade NFTs for SOS on permissionless marketplaces, and implement it in games and projects as a governance token.
Who Are the Founders of OpenDAO?
One of the core contributors of OpenDAO is 9x9x9.eth, an anonymous DeFi power user and influencer on Crypto Twitter. He is supported by like-minded contributors, although OpenDAO is organized as a DAO and open for anyone to contribute.
What Makes OpenDAO Unique?
OpenDAO aims to replace permissioned marketplaces like OpenSea with a digitally native community built by users for users. The project's mission statement promises to support emerging artists and their original work, help NFT communities implement their roadmaps, and compensate verified scam victims on OpenSea with SOS. OpenDAO has allocated 20% of its treasury for this purpose, reflecting its grassroots initiative by the web3 community.
The project is currently in the building phase, with utility centered around the SOS token and its staking rewards.
OpenDAO aspires to build the largest DAO in the Web3 and NFT space, offering grants to developers and marketers and focusing on creator curation.
OpenDAO plans to launch Mintstarter, a platform that provides more utility for the SOS token and serves as a launchpad for newly minted NFTs. SOSMarket, the DAO's answer to OpenSea, will be a decentralized and permissionless NFT marketplace alternative that allows users to trade their NFTs for SOS.
SOS Chain will offer an EVM-compatible NFT trading experience with zero gas fees, similar to a layer-two scaling solution like Immutable X. Additionally, SOS aims to build a bridge and a DEX on its SOS Chain to connect with other blockchains and enable seamless asset migration.
How Many OpenDAO (SOS) Coins Are There in Circulation?
The total supply of SOS is 100 trillion. It was issued through a fair launch with no tokens allocated to founders. 50% of the total supply was distributed via airdrop, 20% reserved for staking incentives, 20% allocated to the treasury, and 10% for liquidity pool incentives.
Token holders can stake their airdropped tokens and receive veSOS in return, granting them full voting rights within the DAO. veSOS serves as a governance token and auto-compounds until unstaked. Staking rewards are released linearly over one year.
How Is the OpenDAO Network Secured?
SOS was initially launched as an ERC-20 token on Ethereum. The project has yet to release details on its planned SOSChain and its impact on the token's future.
Ethereum, the underlying blockchain, is secured by a proof-of-work consensus mechanism that requires miners to mine new Ether. A network of decentralized nodes validates transactions and secures the Ethereum blockchain.
Where Can You Buy OpenDAO (SOS)?
SOS is available for trading on OKEx, Uniswap V2, Huobi Global, BYDFi, and Bybit.
