This guide explains how to purchase PRN Loyalty Tokens. PRN tokens are the key to unlocking Loyalty Level benefits across the Peoples Reserve ecosystem, including reduced fees, higher yields, and enhanced borrowing terms. Follow the steps below to get started.
Before You Begin
- You’ll need a self-custody Web3 wallet such as MetaMask. This ensures that you alone control your tokens.
- Your wallet should hold USDC (for purchasing PRN) and a small amount of ETH (to cover gas fees).
- Do not purchase directly from an exchange wallet. Always use a self-custody wallet to maintain access to your PRN tokens.
Steps to Buy PRN
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Connect Your Wallet
- Go to the PRN purchase page or a supported exchange.
- Click “Connect Wallet” and select your wallet provider (e.g., MetaMask).
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Select Your Payment Currency
- Choose USDC as the token you’ll use to purchase PRN.
- Make sure you have enough ETH in your wallet to cover transaction fees.
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Enter Purchase Amount
- Enter the amount of USDC you want to convert into PRN.
- Click “Confirm” or “Swap” to approve the transaction.
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Approve the Transaction
- Your wallet will prompt you to approve the transaction.
- Once confirmed, the USDC will be exchanged for PRN, and your tokens will appear in your wallet once the blockchain processes the transaction.
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Verify Your PRN Tokens
- You can check your wallet balance to confirm receipt.
- For added assurance, paste your wallet address into Etherscan to see PRN listed in your token holdings.
After Your Purchase
- Once purchased, PRN tokens will remain in your self-custody wallet until you choose to deposit them into your Peoples Reserve account.
- Depositing your tokens into your account is how you activate Loyalty Level benefits such as fee reductions, borrowing discounts, and yield enhancements.
- Keep your wallet secure never share your seed phrase with anyone.