Last updated
Last updated
Disclaimer: This documentation is provided for informational purposes only and does not constitute legal, financial, or investment advice. The content within this document is intended to guide users on how to interact with the World Compute Network (WCN) platform and should not be construed as an endorsement or solicitation to invest in any assets, including the WCN token. Users are advised to conduct their own research and consult with professional advisors before making any financial decisions. The document owners and contributors are not responsible for any financial losses, damages, or other liabilities that may arise from the use of the information provided herein. Participation in the WCN platform and related activities is done at your own risk.
Basic Understanding of Blockchain and Cryptocurrency: Familiarity with blockchain technology, smart contracts, and cryptocurrencies (especially ERC20 tokens) will be beneficial.
Wallet Setup: You will need a compatible Ethereum wallet to store and interact with WCN tokens. Popular options include MetaMask, Trust Wallet, and Ledger.
Ethereum (ETH): Ensure you have a small amount of ETH in your wallet to cover gas fees for transactions.
Stable Internet Connection: A reliable internet connection is essential for interacting with the WCN platform and participating in the network.
This section guides you through the process of setting up your environment to interact with WCN, whether you are a developer looking to contribute or a user looking to utilize the platform’s resources.
2.2.1 Setting Up a Wallet
Choose a Wallet: Download and install a compatible Ethereum wallet. We recommend using MetaMask for ease of use.
Create a Wallet: Follow the instructions to create a new wallet. Make sure to back up your seed phrase in a secure location.
Add WCN Token: Once your wallet is set up, add the WCN token by using the contract address provided on our website or documentation.
2.2.2 Connecting to the WCN dApp
Access the dApp: Visit the WCN dApp through your browser. Ensure your wallet is connected.
Authorize Wallet Connection: When prompted, authorize the connection between your wallet and the WCN dApp.
Explore the Dashboard: Once connected, you will have access to your dashboard, where you can view your WCN balance, participate in governance, and manage your contributions to the network.
For those eager to get started immediately, this Quick Start Guide provides a concise overview of the essential steps.
2.3.1 Accessing the WCN Platform
Step 1: Set up your Ethereum wallet and add the WCN token.
Step 2: Connect your wallet to the WCN dApp.
Step 3: Explore the dashboard, view your WCN balance, and participate in the network.
2.3.2 Participating in Governance
Step 1: Access the governance section through the dApp.
Step 2: Review active proposals that require community voting.
Step 3: Use your WCN tokens to vote on proposals and influence the future of the network.
The WCN token is central to the ecosystem, enabling transactions, governance participation, and rewarding contributors as well as loyal users.
2.4.1 Acquiring WCN Tokens
Buying on Exchanges: WCN tokens can be purchased on decentralized exchanges like Uniswap. Ensure your wallet is funded with ETH for the transaction.
Earning through Participation: Contribute computational resources by running a node and earn WCN tokens as rewards.
2.4.2 Using WCN for Transactions
Resource Allocation: Use WCN tokens to pay for computational resources within the network.
Staking: Stake WCN tokens to support the network and earn additional rewards.
Participating in Governance: WCN tokens give you the power to vote on proposals and influence the network's direction.
2.4.3 Managing WCN Tokens
Wallet Management: Use your Ethereum wallet to store, send, and receive WCN tokens.
Security Best Practices: Always keep your private keys and seed phrases secure. Enable two-factor authentication (2FA) on your wallet where possible.
Viewing Transactions: Track your transactions on the Ethereum blockchain using a block explorer like Etherscan.
Should you require assistance or have questions, please feel free to us at info@worldcompute.net or reach out to our Telegram Community.
This is your essential guide to joining the World Compute Network (WCN). This section covers everything from setting up your environment and connecting to the WCN dApp, to using the WCN token.