How to receive FAN tokens in your Ethereum Wallet

June 6, 2018 10:05 am UTC

 

Fanfare ERC-20 FAN tokens are Ethereum-based tokens. Fanfare issues these tokens with a deployment of a small contract on the Ethereum network. Provide your public Ethereum address for receiving these tokens. Note that you have the corresponding private key to this address.

The procedure for receiving the FAN tokens in your Ethereum wallet

  1. Get a wallet – The first step to receive the FAN tokens is to get an Ethereum wallet. You can opt to have an online wallet or download the wallet software yourself. As a security measure, it is better to have an offline wallet.

You cannot store Ether in your wallet. You have a private key (secure digital code) that shows ownership of a public key (a public digital code connected to a certain amount of currency). In effect, your wallet stores public and private keys that act as a personal ledger and allows you to send and receive cryptocurrency

2. Get your wallet address – The Ethereum wallet address is similar to an email address, but you use it to pay and receive money via the cryptocurrency network. (The address is a unique combination of alphabets, numbers, and special characters and symbols)

  • Launch the Ethereum wallet application – It might take some time to sync with the Blockchain
  • Click on “Add Account”
  • The system asks you to enter a password and repeat it. Note that your password should be secure. Remember that you lose access to the account if you misplace the password. No one can recover a lost password for an Ethereum account.
  • Your account is now ready for use.
  • Click on the ‘Account’ option in the Wallet Overview screen. Copy the address icon available on the right-hand side and paste the address into a Word document. Copy and paste the address every time instead of manually typing out the address. Remember, tokens sent to a wrong address are lost forever. You do not have the ‘Undo’ facility in this wallet.
  • Go to the Fanfare ERC-20 FAN token website and click on the ‘Manage FAN tokens’ option. Proceed further by clicking the ‘Proceed’ button.
  • Read the terms, conditions and warnings carefully. Acknowledge that you have followed them.
  • Enter your Ethereum Wallet address and click on the ‘Save’ button. Fanfare will assign your FAN tokens to this address.
  • You will receive a confirmation email. Confirm your Ethereum address by clicking on the link.
  • The process of setting up your ETH withdrawal address is complete. Go ahead and get ready to use your Fan tokens

 

How can you change your address if you type the wrong one?

  • Click on the ‘Change’ button to repeat the process
  • Enter a new ETH wallet address and click on the Change option. You will now get a new confirmation email.
  • Check thoroughly and confirm the action by completing the 2FA security check
  • Enter your Google Administrator verification code
  • Enter the SMS verification code in the ‘Verification Code’ box.
  • Your Ethereum wallet is now ready to receive FAN tokens.

To learn more, visit https://fanfare.global/.

To take part in the upcoming token sale, visit https://tokensale.fanfare.global/ 

Read Fanfare’s White Paper and Lite Paper here and here, respectively.