Depending on the specific token and the blockchain platform on which it is based, users can obtain tokens through a variety of methods. One common method for obtaining tokens is through initial coin offerings (ICOs), which are similar to crowdfunding campaigns where investors can purchase tokens in exchange for funding the development of a particular blockchain project. There are several sources of token:
Purchase them through a cryptocurrency exchange
This is the most common way to obtain crypto tokens. There are many cryptocurrency exchanges that allow you to buy and sell tokens using various fiat currencies (e.g. US dollars, Euros, etc.) or other cryptocurrencies. Some popular exchanges are Capital Wallet.
Get involved in an initial coin offering (ICO)
An ICO is a way for a company or organization to raise funds by issuing a new cryptocurrency. Participants in the ICO can buy the new cryptocurrency using existing cryptocurrencies or fiat currency.
Accept crypto tokens as payment
If you own a business, you can choose to accept crypto tokens as payment for goods or services from the customers that will pay you in the desired crypto token such as MATIC, SHIBA INU and LINK. To be eligible for this you need to register yourself with any good crypto payment processor.
Earn them as a reward
Some crypto tokens can be earned as a reward for performing certain tasks. For example, you can earn Bitcoin by participating in the process of verifying transactions on the Bitcoin network (called “mining”).
Get them through the airdrops
A cryptocurrency airdrop is a way for a company or organization to distribute free tokens to the public. Companies often use airdrops as a marketing strategy to promote the adoption of a new cryptocurrency.
Overall, there are many different sources to obtain tokens, and the method you choose will depend on the specific token and your individual preferences and goals. As with any investment, it’s important to do your research and understand the risks and potential rewards before investing in any particular token.