Introduction
OPEN is the native utility token of OpenWorld. You can purchase OPEN tokens on decentralized exchanges like SushiSwap.
In this guide, we’ll walk through the process of buying OPEN on SushiSwap using MetaMask wallet.
What is SushiSwap?
SushiSwap is a decentralized exchange that uses smart contracts to let you seamlessly trade one crypto asset directly for another.
Trading on SushiSwap has a lot of advantages:
Exchange between crypto assets without needing to convert to regular currency first.
Access unique digital tokens not available on major exchanges
Lower trading fees compared to traditional exchanges.
You retain ownership and access to your tokens via your digital wallet.
Connecting Your Wallet to SushiSwap
To get started, you'll need a digital wallet – we recommend MetaMask as it works well with SushiSwap and is the most popular.
Here's how to connect:
Go to SushiSwap's website and click "Enter App"
Click "Connect Wallet and choose MetaMask from the options.
Confirm the connection in your MetaMask browser extension.
Click Ethereum logo and choose Arbitrum One network from the options.
Confirm the Switch network in your MetaMask browser extension
Your wallet will now show as connected on SushiSwap
Exchanging for OPEN Tokens on SushiSwap
Once connected, exchanging your Ethereum for OPEN is straightforward:
Select Ethereum as the asset you want to exchange from
Search for and choose the OPEN token in the other dropdown menu or paste the OPEN contract address: 0x58CB98A966F62aA6F2190eB3AA03132A0c3de3D5.
Enter the amount of OPEN you wish to exchange and click the "Swap" button.
Note for beginners: Buying and swapping cryptocurrencies usually means connecting your bank account or credit/debit card to an exchange – you will likely need some ETH for gas fees as well. But here's the catch: not all exchanges accept the same payment methods, and some methods might not work in certain places. This can make it tough for users to buy cryptocurrencies with their favorite payment option.
Different exchanges have varying payment options, so we recommend exploring different platforms to increase the chances of finding a suitable one. Users can sometimes use alternative payment methods, such as PayPal, or even apps like Venmo.
Confirm the details in your MetaMask wallet notification.
Wait for the transaction to process and confirm.
If your OPEN tokens do not show up in MetaMask, you may have to Import the OPEN token to your wallet.
Select Import tokens then paste contract address 0x58CB98A966F62aA6F2190eB3AA03132A0c3de3D5 in “Token contract address” click Next, then click “Import”.
Now your exchanged OPEN tokens will show in your wallet.
And that's it! You've now successfully exchanged your crypto for OPEN governance tokens on the SushiSwap decentralized exchange. These OPEN tokens allow you to participate in staking on the OpenWorld platform.
Exploring Crypto with OpenWorld
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