Guide to Acquiring MySTIC/STICY

How to Acquire STICY – Step-by-Step Guide

1. Install and Set Up MetaMask

Note: This video was not produced by Steffes Industries but contains all the necessary information about MetaMask installation.

Visit MetaMask.io and install MetaMask as a browser extension. MetaMask is a Web3 wallet for storing cryptocurrencies like MySTIC/STICY, Ethereum, Dogecoin, and others.

Set up MetaMask carefully and write down your seed phrase in a secure place! Without this seed phrase, you cannot recover your wallet if you lose access to it.

2. Change Network to BNB Smart Chain

Once MetaMask is set up, click on the MetaMask icon in your browser and switch to the “BNB Smart Chain” network. By default, the Ethereum network is selected, but MySTIC/STICY runs on the BNB Smart Chain because transaction fees are lower, and transactions can be processed more quickly. Other prominent BEP-20 tokens on the BNB Smart Chain include PancakeSwap (CAKE) and Binance USD (BUSD).

It is helpful to manually add the STICY token to MetaMask if it doesn't automatically import when swapping on PancakeSwap. To do this, click "Add Asset" in MetaMask, select "Custom Token", and enter the STICY token contract address 0xbccd414E6e0A29Dcf65698CE039Aa36AE2e08eF1. MetaMask will then automatically detect the remaining token data, allowing you to save STICY and have your balance displayed correctly.

3. Buy BNB

Note: This video is also not from Steffes Industries, but contains all essential information for purchasing BNB.

Buy BNB (the cryptocurrency of the Binance Smart Chain) on a crypto exchange like Binance or Coinbase.

Once purchased, transfer BNB to your MetaMask wallet. In MetaMask, ensure that you are on the Binance Smart Chain and click on the "Deposit" button to complete the transfer.

4. Purchase STICY

Go to the MySTIC/STICY website, and copy the STICY token contract address 0xbccd414E6e0A29Dcf65698CE039Aa36AE2e08eF1. Alternatively, click "Trade on PancakeSwap."

Open PancakeSwap, click “Connect Wallet,” select MetaMask, and paste the STICY contract address into the “Search” field. Swap BNB for STICY, ensuring the amount and fees are correct before confirming the transaction.

After confirming the purchase, check your MetaMask wallet for your STICY tokens. If the tokens don't appear, you may need to manually add the token using the contract address.

5. View Your Tokens

Your STICY tokens should now be in your MetaMask wallet. Open MetaMask and navigate to the Binance Smart Chain network to view your balance.

If you face any issues with viewing or receiving STICY tokens, please refer to the troubleshooting section below.

For Crypto Beginners:

For many people, crypto represents the end of oppression by central banks and the traditional financial system. Cryptocurrencies provide an alternative form of money that is not controlled by central authorities. They are often seen as "true" money that paves the way to financial freedom and independence—far from the restrictive structures of fiat money created by governments and banks. Unlike fiat currencies, which can be printed arbitrarily and influenced by political decisions, crypto is decentralized and transparent, making it a means of liberation from the chains of a monetary system that many perceive as a modern form of slavery.

Cryptocurrencies are digital currencies that operate without a central institution such as banks or governments. Unlike traditional fiat currencies like the euro or dollar, which are centrally controlled by governments and central banks and can be printed as needed, cryptocurrencies are based on decentralized networks. These networks use cryptographic techniques to secure and verify transactions, protecting them from manipulation and counterfeiting.

A key feature of cryptocurrencies is that their total supply is limited. For example, there will only ever be a maximum of 21 million Bitcoin, which means no more than this number will ever exist. This limitation makes Bitcoin and similar cryptocurrencies "deflationary," increasing their appeal as long-term stores of value. Due to these limitations, cryptocurrencies cannot be arbitrarily increased, making them a potentially more stable option compared to fiat currencies.

Bitcoin, the first and most well-known cryptocurrency, was created in 2009 by an unknown person or group using the pseudonym Satoshi Nakamoto. Bitcoin was the first attempt to create a decentralized digital currency system based on a peer-to-peer network without the need for a central authority. Bitcoin paved the way for many other cryptocurrencies and remains the most valuable and well-known digital currency.

Since the introduction of Bitcoin, many other cryptocurrencies, also known as "Altcoins," have entered the market. A particularly important altcoin is Ethereum, launched in 2015. Ethereum is based on a platform that not only supports digital currencies but also enables "Smart Contracts." Smart Contracts are self-executing agreements where the terms are automatically fulfilled once specific conditions are met, making Ethereum a platform for decentralized applications (dApps) and Initial Coin Offerings (ICOs).

In addition to Bitcoin and Ethereum, there are many other cryptocurrencies, each offering unique features and use cases:

• Bitcoin (BTC): The first and most well-known cryptocurrency, based on a decentralized peer-to-peer network without central control. Bitcoin remains the gold standard in the cryptocurrency space, widely used as a store of value and a medium of exchange.
• Ethereum (ETH): Ethereum is more than just a cryptocurrency. It provides a platform for decentralized applications (dApps) and Smart Contracts. The Ethereum blockchain enables developers to create their own tokens and programs that run on the Ethereum platform.
• Litecoin (LTC): Litecoin is one of the oldest and most well-known cryptocurrencies, developed in 2011 by Charlie Lee. It is a peer-to-peer currency that operates faster than Bitcoin, with shorter block times and lower transaction fees. Litecoin is often referred to as the "silver" alternative to Bitcoin.
• Tether (USDT): A so-called "Stablecoin" pegged 1:1 to the US dollar to minimize fluctuations. Tether is primarily used as a secure means to stabilize value in crypto transactions.
• BNB (Binance Coin): The native cryptocurrency of the Binance exchange, used both for trading on the platform and for transaction fees. BNB is characterized by fast transaction times and is seen by many as a useful medium of exchange within the Binance ecosystem.
  • BNB offers low transaction fees, making it particularly attractive for trading BEP-20 tokens.
  • The BNB Smart Chain enables fast transaction processing, which is especially advantageous for decentralized applications (dApps) and token transfers.
  • BNB is one of the most widely used cryptocurrencies and is utilized in various ecosystems, including the STICY token, which is based on the BNB Smart Chain.
  • In addition to cryptocurrencies, the BNB Smart Chain also supports NFTs (Non-Fungible Tokens), which are not only used for "meaningless monkey images." NFTs have potential for the future of video games, where they can make special items unique, similar to the movie "Ready Player One," giving players the ability to truly own and trade rare items.
• XRP: Developed by Ripple, XRP aims to make cross-border payments faster and more cost-effective. Ripple works closely with banks and financial institutions to provide an efficient solution for international payments.
• Dogecoin: Originally launched as a joke, Dogecoin has built a massive following. While it remains a relatively simple cryptocurrency, it is often used for tipping or as part of online fundraising campaigns. Dogecoin has also established itself as a strong candidate for becoming a commonly used everyday currency. Several factors contribute to this:
  • Fast Transactions: Dogecoin transactions are faster compared to many other cryptocurrencies. They can be confirmed within seconds, making it a practical option for everyday use, especially for small payments and microtransactions.
  • Low Transaction Fees: Dogecoin features very low transaction fees, making it particularly attractive for small payments and everyday transactions, avoiding the high fees that can occur with Bitcoin or Ethereum.
  • Widespread Acceptance: Dogecoin is increasingly accepted by various online merchants and service providers who offer it as a payment method. From buying goods and services to fundraising campaigns, Dogecoin is being used more frequently.
  • Active and Engaged Community: Dogecoin has one of the most active and passionate communities in the crypto world. This community supports the project and promotes the use of Dogecoin as a medium of exchange. The positive attitude of the community has further strengthened confidence in the currency.
  • Celebrity Endorsement: Prominent figures such as Elon Musk, CEO of Tesla and SpaceX, have publicly endorsed Dogecoin, increasing attention and contributing to its popularity. Such celebrity endorsements lend Dogecoin more credibility and open doors for broader adoption.
  • Inflationary Nature as an Advantage: Unlike Bitcoin, whose supply is capped at 21 million, Dogecoin has an unlimited total supply. This inflationary nature can even be seen as an advantage, as it reduces the risk of "hoarding" coins and makes Dogecoin more attractive as a medium of exchange for daily use without creating significant scarcity.
  Dogecoin's properties make it a promising candidate for further recognition as an everyday payment method. It could serve as a convenient, fast, and low-cost way to conduct transactions and facilitate the transition to a cryptocurrency-integrated lifestyle.
• STICY (MySTIC): STICY is a BEP-20 token with a total supply of 75,000,000,000 STICY. This token is primarily used as a payment method in the Steffes Industries online store and for various services offered by Steffes Industries. STICY is an example of a token used in everyday business transactions and functions as part of a broader ecosystem. Tokens like STICY are not shares but currencies that can be used for transactions. They represent no ownership in a company but serve as a medium of exchange, enabling access to various digital services.

A token is a digital unit that exists on a blockchain and can be used for various purposes. Tokens can be used as a medium of exchange, as with STICY, or as access to specific services or functions within a network. Unlike stocks, tokens do not represent ownership in a company. Rather, they are a form of digital currency that can be traded and used within an ecosystem.

Each of these currencies has its own advantages and disadvantages, but all offer the benefit of operating outside the traditional financial system, granting users worldwide access to financial services without relying on banks. The crypto industry has gained immense significance, especially in countries with unstable currencies or limited access to banking services, as it enables people to secure their savings and participate in global financial markets.

Despite the advantages, there are also risks. The crypto market is highly volatile, and the value of cryptocurrencies can fluctuate dramatically in a short period. Additionally, many countries still have legal uncertainties, and not all governments have clear regulations for dealing with digital currencies. Therefore, it is important to thoroughly research before investing in cryptocurrencies.

If you want to learn more about cryptocurrencies and various altcoins, many resources and communities offer support. It is advisable to regularly follow news and updates, as regulation and technology surrounding cryptocurrencies are rapidly evolving.