Monday, January 30, 2023

The Humanity ecosystem

The African Startup League is scheduled to take off on August 8th, and the Humanity protocol is flying right with it. The current market price (at the time of writing) stands at $2.0629, up from $0.0850 at the beginning of June 2022.

The use of the Humanity token started in Nigeria, where the population was paid through the token for performing small community tasks, with an option of receiving fiat. The Humanity protocol signed over 100,000 people in the first month of operation.

Humanity ecosystem is looking to extend the community services to Kenya (already under operation to launch), Uganda, Zambia, South Africa, and Tanzania, among other African countries. Through the African Startup League, this ecosystem will extend to the whole of Africa.

The Humanity token is now available on Pancake Swap through the Binance Smart Chain network.

How to buy the Humanity token

To buy the Humanity token, one needs three things; BNB in your Binance account, a MetaMask wallet, and a web3africa profile.

Read: African blockchain startups crucial for the budding digital economy

Here is a step-to-step guide on how to install the Metamask wallet.

Step 1

Install Metamask on your browser and pin it as an extension (Chrome, Internet explorer, Microsoft edge, e.t.c)

Step 2

  • Click on the MetaMask icon in the upper right corner to open the extension.
  • Click on create wallet.
  • Create a new password. Add a strong password and click Create.
  • Proceed by clicking Next, then accept the Terms of Use.
  • Click to Reveal secret words. You will see a 12-word seed phrase. Save seed words as a file, copy them to a safe place, and click Next.
  • Reveal secret words and copy your secret backup phrase to a safe place.

Security tips: Write these phrases on a piece of paper and store them in a secure location. If you want even more security, write it down on multiple pieces of paper and store each in 2–3 locations. Memorize this phrase.

  • Add the key phrases to the slots provided. Click confirm.

Congratulations! You have successfully created your MetaMask account.

Add the binance smart chain network to your wallet.

Once logged in to your Metamask wallet, you must add the Smart chain network to the wallet.

On the top right, there is an Ethereum Mainnet network that appears. Click the drop-down menu. Add network. Copy the details below and paste them. Click add network. You are now ready to buy the Humanity network.

web3africa.news

[Photo/ Binance Academy]

 

Transfer BNB from your binance wallet to Metamask

Ensure you have BNB in your wallet. You can buy BNB by clicking on trade, P2P, Buy, BNB.

If you already have BNB in your wallet, click on the wallet, fiat and spot. You will see your crypto portfolio. On the BNB column, click on withdraw. Copy your Metamask wallet and paste it on the withdraw from option.

Ensure the network selected is Binance Smart Chain. Undertake the binance security apparatus to withdraw your BNB to your MetaMask wallet.

If you are here, congratulations, you are doing great.

Once the transaction is done, refresh your MetaMask wallet, and your BNB will reflect.

Create a web3africa profile

Search web3africa.news. Once you are on the site, click the left corner, and create an account.

When you have an account, click on the How to join Humanity icon. The site will automatically open your MetaMask wallet. Ensure the Metamask extension is pinned on your browser.

Your BNB balance will reflect in the right corner.

Add the BNB you want to trade. It will show how many HMN.BEQ you will receive. Adjust slippage tolerance. Once satisfied, Click on Swap. You will receive your HMN.BEQ. Refresh the page; your Humanity tokens will reflect on the top right.

You have your HMN.BEQ and ready for the African Startup League.

Read: The Humanity Protocol: A blockchain-based platform eradicating poverty in Africa through community service

 

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