How To Buy Solice (SLC)?

A common question you often see on social media from crypto beginners is “Where can I buy Solice?” 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 Solice (SLC)

First, you will need to open an account on a cryptocurrency exchange that supports Solice (SLC).
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 Solice (SLC) 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 Solice (SLC)

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 Solice (SLC) or Solice (SLC) trading pairs. Look for the section that will allow you to buy Solice (SLC), and enter the amount of the cryptocurrency that you want to spend for Solice (SLC) or the amount of fiat currency that you want to spend towards buying Solice (SLC). The exchange will then calculate the equivalent amount of Solice (SLC) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Solice (SLC) 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 Solice (SLC)

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 Solice (SLC)?

Solice is an open 3D world with limitless possibilities: a VR metaverse where users can play, build, own, socialize, and monetize their virtual experiences in an immersive way on the Solana blockchain. Solice is the interconnected metaverse of virtual worlds, NFTs, and communities. With the aim to improve the overall user experience, connecting them through interoperability across the metaverse.

Solice provides an infrastructure to support a shared virtual world, also known as a metaverse. The Solice metaverse will support multiple platforms which removes the barrier of different hardware, soft-ware and operating systems. This enables more users to invite and connect with their friends & family to enhance possibilities in the exponential growth of the user base.

The Solice metaverse consists of a decentralized ledger for ownership within the virtual world, this could be a piece of land or any other assets such as clothing apparels and pets. All involves a protocol for describing the content of each land parcel or asset, and a peer-to-peer network for user interac-tions.

In Solice, players will be able to collect various pets, gemstones and other collectibles as NFTs. Aside from collectibles users will be also able to create their own assets, mini-games and build on top of their own land plots. By actively participating and building in the metaverse, users are able to collect tokens and other rare assets as rewards for completing quests, clearing dungeons, and reaching leaderboards.

What is the SLC token?

Solice coin is an SPL token (Solana Program Library) and the native currency of Solice Metaverse. SLC will be the governance and economic token that will play pivotal role in the monetization of in-game assets and NFT collectibles. A certain portion of SLC is reserved for the users to reward them for their active participation in the Metaverse and for the core team for staking rewards and community treasury.

SLC will also enable marketplace transactions for asset creation and NFT sales.

Who are the founders of Solice?

Solice core team has relevant and solid backgrounds, working under various crypto projects in different capacities. Here’s a brief background of the key members with current job roles –

• Christian – CEO:
  Christian is the mastermind and the CEO of the project. He’s been involved with cryptocurrencies for the last 6 years, gaining experience from projects like Fantom, Solanium and LTO Network. Solice is the product of his vision and he is responsible for designing, mapping feature requirements and of course selecting the core team members.
• Ray – CTO:
  Ray has over 10 years of IT experience and a degree in Computer science & technology. He’s known to improve system performance and customer traffic. He served as a software engineer lead at Nissan motors.
• Serena – COO:
  Serena is an experienced business strategist and has closed over $750 million in business contracts. She served as a consultant to an angel investment fund and also the owner of an automotive resale group.

Details of other team members can be found here.

Solice development updates in 2023

Solice, a VR metaverse built on the Solana blockchain, has experienced a variety of developments in 2023. Here are the key updates:

• VR Metaverse Expansion: Solice has focused on expanding its VR metaverse, which allows users to play, create, own, socialize, and monetize their virtual experiences. This expansion supports multiple platforms, effectively removing barriers caused by different hardware, software, and operating systems. This approach aims to invite more users to interact within the metaverse, thereby potentially increasing the user base’s exponential growth.

• NFT Integration and Asset Development: In the Solice metaverse, players can collect various items such as pets, gemstones, and collectibles as NFTs. They can also develop their own assets, mini-games, and build on their land plots. The integration of NFTs is a significant step in enhancing user interaction and ownership within the metaverse.

• Token Utilization and Participation in the Metaverse: The native token of Solice, SLC, is used within the metaverse for various activities. Users can earn tokens and other rare assets by completing quests, clearing dungeons, and achieving leaderboard rankings. This incentivizes active participation and building within the metaverse.

• Democratic Governance Mechanism: Solice is governed by a DAO (Decentralized Autonomous Organization), which employs a liquid democracy and real-world-inspired rules. This governance mechanism ensures that users have a say in the metaverse’s development and operation.

• Market Performance: As of the latest updates, the price of Solice (SLC) was around $0.002774, with a 24-hour trading volume of $57,466.73. While Solice has reached its all-time high in January 2022, it experienced its all-time low in October 2023. The platform continues to evolve and attract interest within the crypto and VR communities.

These developments suggest that Solice is making strides in enhancing its metaverse platform, focusing on user engagement, asset creation, and leveraging blockchain technology for a more immersive virtual experience​​​​​​.

Official website: https://solice.io/

Best cryptocurrency wallet for Solice (SLC)

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 Solice (SLC)?

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).