Buying the utility token RND on the Rand app is easier than you think, and in this blog, we will guide you through the step-by-step process to acquire it.
What is RND?
The utility token RND is an in-app currency primarily designed to provide access to Rand Pro, our recent subscription that unlocks exclusive benefits aimed at enhancing your savings. RND is created on the Ethereum Blockchain using the ERC-20 standard, with a maximum token supply of 200 million and 0% inflation. Additionally, its supply profile is fixed and deflationary, meaning its supply decreases over time, resulting in an increase in its value.
While the primary goal of RND is to circulate within the Rand app ecosystem, it can be traded on the market, similar to well-known cryptocurrencies like Bitcoin, Ethereum, or any other regular stock. Therefore, we have listed it on exchanges such as BitMart, Uniswap, and Bit2Me. Discover its success in the first 15 days after its market launch.
How to Buy RND on Rand App?
First, you need to deposit money into your Rand Current Account to acquire your tokens. Follow these steps to learn how to buy RND on Rand app:
Step 1
Open the Rand app and click on the "arrows" icon at the bottom right of your screen.
Step 2
A tab with two options, "add" and "withdraw," will appear. Select "Add money to Checking."
Step 3
Choose your payment method, either bank transfer or credit/debit card.
Bank transfers may take between 2 and 3 business days, while card deposits are immediate (if you are a Pro member, card deposits are commission-free; otherwise, regular users will incur a 0.5% fee).
Step 4
After adding your deposit to your Rand "Checking account", you can now make your RND purchase.
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Step 5
Select the "RND" tab, click on "Market," and press the "Buy" button.
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Step 6
Enter the amount in euros you wish to purchase and click on the "Confirm Amount" button. The minimum amount to buy RND is €5.00.
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Step 7
A confirmation screen will appear before executing the purchase. Review that all details are correct and "Swipe to Confirm" button.
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Step 8
Congratulations! Your purchase has been successfully executed.
Where Can I See My Tokens?
You can view both purchased and earned tokens for completing tasks within the app in your "Wallet." Additionally, if you want to see the details of each RND, you can view it in the "Transactions" section, where you can confirm the history of how much you have bought or earned.
How to Check the Current Value of My RND Tokens?
You can always check the current value of the utility token RND within the Rand app. Go to the "RND" section, click on "Market", and you will see its equivalent value in euros at the top of the screen.
Who Can Buy the RND Token?
Currently, individuals who are legal residents in one of the following European Union countries can buy within our Rand app.
Andorra, Austria, Belgium, Bulgaria, Croatia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Iceland, Italy, Latvia, Lithuania, Luxembourg, Malta, Moldova, Monaco, Montenegro, Norway, Netherlands, Poland, Portugal, United Kingdom, Czech Republic, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland.
Additionally, you can also purchase on exchanges such as BitMart, Uniswap, and Bit2Me, which are internationally present, and each has its specific purchase conditions.
Issues with RND Transactions
Ensure that the wallet address to which the tokens were sent is correct. If not, unfortunately, Rand cannot do anything about it. However, if everything is correct, the transaction might be taking a little longer to process due to Ethereum network congestion. Although these transactions typically take between 2-3 minutes to be processed, there could be a delay depending on network congestion. You can track your transaction by searching for the transaction hash on the following website: https://etherscan.io/.