Guidelines on How to Buy HLUSD

As HeLa is in its mainnet phase, there’s gonna be so many exciting events. Despite the many interesting things to do, the meaning of this phase is that you can finally buy and use HLUSD. However, some people might find it confusing and have no idea on how to do it. This article will provide you with the guidelines on how to do it. Read below to know more.

HLUSD and its Advantages

HLUSD, the native stable coin of HeLa Chain, plays a crucial role in facilitating seamless and efficient transactions within the ecosystem. The stability and predictability of HLUSD are achieved through its backing with actual fiat reserves held in custody by a regulated financial firm based in Australia. This rigorous custodial arrangement ensures transparency and trust, assuring users that their HLUSD holdings are fully backed and secure.

One of the unique features of HeLa Chain is that all transaction gas fees are paid using HLUSD. By utilizing HLUSD for gas fees, users can seamlessly integrate traditional financial practices into the blockchain space, making the adoption process much smoother for institutions and developers alike.

The benefits of HLUSD extend to both individual users and businesses. By utilizing HLUSD, HeLa Chain fosters a user-friendly and efficient environment where stability, security, and familiarity converge, driving the widespread adoption of blockchain technology with ease.

Preparation of Metamask

(source: Investopedia)

If you wanna buy HLUSD, you need to make sure and prepare the set up of your meta mask. Here’s how it is:

1. Download Metamask if you haven’t 

Go to https://metamask.io/download/ and create your own account.

2. Add Metamask plugin to your browser

3. You can create new wallet or import your own wallet

4. Add HeLa Network by going to your Metamask setting.

5. Go to the “Networks”

6. Add this HeLa Metamask parameters

7. Change Metamask to use HeLa Network

8. Select HeLa Mainnet and it’s done!

How to Buy HLUSD?

After understanding what HLUSD is, there are two important platforms that you should learn about as well. They are HeLa Bridge and Cytoswap. 

HeLa Bridge is a platform on the mainnet network that will make your token bridging across different blockchains, a simple process. HeLa Bridge is a versatile bridge that can give smooth transitions between USDT and USDC across Ethereum, Polygon, and BEP20 networks to hUSDT and hUSDC on HeLa. It offers enhanced interoperability and flexibility for users.

Cytoswap is another integral platform within the HeLa mainnet ecosystem that enhances the functionality and versatility of digital asset management. Cyroswap is a decentralized exchange (DEX) built on the HeLa chain, offering users cost-effective trading experience. With lower gas fees compared to Ethereum, Cytoswap enhances efficiency for frequent traders.

After you have understood the concepts of the two platforms, the following guide shares on how you can acquire HLUSD. 

Video Tutorial: https://youtu.be/5lUmeRvCbEE

Reading Guide: 

• First, use HeLa Bridge: Visit HeLa Bridge. https://bridge.helachain.com/ 

Next, deposit USDC/USDT and select your network:

Choose either ETH, BSC, or Polygon for your network.

Then, swap your USDC/USDT:

Exchange USDC/USDT for either hUSDC, hUSDT, depending on your chosen network.

HeLa Bridge also requires a “gas fee” to convert your USDC/USDT from one network to HeLa Network. 

For making your USDC visible to import is you can input this on the custom token, example: 0x55d398326f99059fF775485246999027B3197955

Please watch this tutorial for guidance:

https://www.youtube.com/watch?v=BR0jTaIfw1g

• Next, join the campaign at Atlantia:

Go to Atlantia Campaign https://atlantia.helalabs.com/campaign/cytoswap, click the ‘Mainnet’ button, take the task, and start the quest.

You will be redirected to Cytoswap https://app.cytoswap.com/swap.

For further video instructions, visit:

https://atlantia.helalabs.com/landing/40/mainnet

Here, you can swap hUSDC for HLUSD:

Complete your transaction where the fee is paid with the received token (HLUSD), not the traded token (hUSDC), utilizing the gasless feature to simplify the process.

After you have hUSDC available, click the ‘Gasless’ button to activate the function. It will then automatically deduct hUSDT/hUSDC that the user receives after a successful swap.

Note: Cytoswap, we currently only support these pairings <hUSDT – HLUSD | hUSDC – HLUSD | hUSDC – hUSDT>

• Congratulations, now you have your HLUSD and also can send one to your friends between the same network of HeLa Mainnet!

(example)

Is there any way to Check the Transaction?

• If you wanna check the successful transaction of your HLUSD, you can check it on: https://helascan.io/

Let us know if you need any support!

If you have any difficulty on how to buy HLUSD, you can simply go to our Discord and create a support ticket about it. Wait no more, get your HLUSD now.