How To Buy Ideaology (IDEA)?

A common question you often see on social media from crypto beginners is “Where can I buy Ideaology?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Ideaology (IDEA)

First, you will need to open an account on a cryptocurrency exchange that supports Ideaology (IDEA). 
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Ideaology (IDEA) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Ideaology (IDEA)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Ideaology (IDEA) or Ideaology (IDEA) trading pairs. Look for the section that will allow you to buy Ideaology (IDEA), and enter the amount of the cryptocurrency that you want to spend for Ideaology (IDEA) or the amount of fiat currency that you want to spend towards buying Ideaology (IDEA). The exchange will then calculate the equivalent amount of Ideaology (IDEA) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Ideaology (IDEA) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Ideaology (IDEA)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Ideaology (IDEA)?

Ideaology is a blockchain project that strives to connect three types of users on one unique business network platform. Innovators, developers and investors connected in one platform create an ecosystem which covers the four steps from an initial idea to crowdfunding.

Ideaology DeFi

Ideaology DeFi, as crowdfounding part of the Ideaology ecosystem present IDO’s as a multi-chain fixed swap application. Ideaology is a multi-chain IDO platform on Ethereum, BSC (Binance Smart Chain), and Polygon which serves as a permissionless DEX geared into actualizing cross-chain token pools and auctions, thus facilitating fund raising of cryptocurrency projects in a decentralized and interoperable environment.‌

With Ideaology, cryptocurrency projects can easily raise funds by setting up a swap pool based on a fixed purchase rate for tokens on the Ideaology IDO launchpad. End-users will be able to join the projects as whitelisting participants in their secure and rule-abiding service environment.

Though initially being an IDO platform, Ideaology, as a full-fledged DEX, is also able to provide users with an easy-to-tap-into yield farm by Ideaology-connected token pairs.

Ideaology will contain two launchpads designed for founders (IDO) and for developers (WorkX). WorkX will serve as a decentralized freelance application which can help founders create early teams, and developers find projects where they can collaborate.

What is the IDEA token?

IDEA token holders will be eligible for voting on Ideaology product features, token utility, types of auctions. They are also entitled to decide which projects are preferentially to be listed by Ideaology.

Ideaology Protocol Governance

The Ideaology governance framework aims to build a solid and sustainable protocol, that is to say, IDEADAO, for development and usage of Ideaology protocols. IDEA holders will be able to vote for ecosystem initiatives, new features development, distribution specifications for liquidity rewards and other applications.

IDEA holders need to stake their IDEA in order to be able to vote and to submit proposals. Proposals will be first discussed off-chain on the Ideaology governance platform. The idea of this pre-voting mechanism is to promote proposal discussions before on-chain submission.

Once the proposal is ready to be submitted, the on-chain vote will be taken. Every winning proposal is then reviewed and applied by the Ideaology development and management team. Voters will be rewarded IDEA for their governance contribution.

Governance for Project Listings

Staking for governance can also be utilized in terms of LP’s voting for token projects, which is more featured by Ideaology. By staking IDEA, the user is eligible for voting for and against a project. If a project is voted down, the IDEA staked by a voter is immediately restored. If a project is approved by voting, the user, as a voter, acquires priority over project token sale. The user is also eligible for receiving a portion of project tokens distributed as a reward for governance contribution by the project. The voters can also be rewarded the project tokens, the total amount of which is set by the project at the time of IDO application. The amount of reward that the user receives is determined according to their IDEA staking ratio for voting. The listed project is liable for a 2% platform fee of the token sales.

Transaction fees

Transaction fees are paid in IDEA token.

Core Features of Ideaology

Fixed Swap Auction Pools

From their website, users can probe into a variety of token pools and join them. There they will find fixed swap auction pools where they can exchange a fixed number of tokens for a predetermined price. Ideaology Fixed Swap Auction Pools serves as a well-tailored token swap infrastructure for token sales.

The beauty of Fixed Swap Auction is that by pledging a fixed exchange rate, project investors are able to assess their investment cost and make smart decisions on the project they are interested in. On the project side (i.e., for auctioneers), the amount of raised funds and sold tokens is correctly calculated.

With this, Ideaology MVP pool creators can feed the pool information comprising token contract address, title of the pool, limit per address, pool access type (public or private) and token price. A participant can join a token sale and their bid(s) are automatically processed in no time, ensuring the immediate transfer of the swapped tokens.

Incentivizing LPs in terms of Governance Contribution

To ensure full decentralization, Ideaology offers a governance model in which users can actively participate through voting for a project. To this end, IDEA, which serves as governance tokens for project listing, needs to be swapped from the user’s IDEA. The users interested in a particular project can stake IDEA as governance tokens for taking a vote on the project. If the project listing is approved, the users who participated in voting acquires priority over the project token sale, and also be rewarded project tokens for their governance contribution (The amount of token rewards is to be set by the project).

Ideaology development updates in 2023

Ideaology, a blockchain development company, has been actively innovating in the realms of freelancing, gaming, and NFTs throughout 2023. The company’s advancements are centered around its IDEA token and a suite of decentralized products aimed at revolutionizing various industries. Here’s an overview of the most important developments:

• Launch of WorkAsPro Platform: Ideaology introduced WorkAsPro, a blockchain-based freelancing platform designed to offer secure and transparent opportunities for freelancers. It leverages smart contracts to ensure timely payments and reduce disputes, enhancing the experience for both employers and freelancers. The platform also provides tools for portfolio management and collaboration.

• Development of Manialand Virtual World: Manialand is Ideaology’s virtual world that combines elements of gaming, social networking, and cryptocurrency. It serves as an extension of the WorkAsPro platform, allowing users to explore, interact, and participate in various activities in a secure environment. The IDEA token facilitates rewards and virtual asset trading within this virtual world.

• Play-to-Earn Gaming Options: Ideaology has introduced play-to-earn games like “Save the Puppy” and “Real 8 Ball Pool”, where players can earn IDEA tokens. This initiative aligns with the company’s commitment to innovation in the gaming industry, offering tangible rewards and asset trading through blockchain technology.

• Ideaology’s NFT Marketplace: The NFT Marketplace by Ideaology is a decentralized platform for buying, selling, and trading non-fungible tokens (NFTs). It ensures secure and transparent transactions, with blockchain technology recording all transactions on a public ledger. The IDEA token is used for paying fees and participating in community-driven decision-making through their DAO (Decentralized Autonomous Organization).

These developments in 2023 represent significant strides for Ideaology in building a sustainable and thriving ecosystem. The company’s focus on innovation, transparency, and community engagement positions it as a key player in the future of freelancing and blockchain technology.

Official website: https://ideaology.io/

Best cryptocurrency wallet for Ideaology (IDEA)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Ideaology (IDEA)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).