Introduction
While ERC20/ERC223 (Ehereum Tokens) tokens dominate the current ICO regime. NEP-5 Neo based ICOs are catching up fast and there are quite a few good ICOs on NEO and many users struggle little bit initially on how to participate in these ICOs, I will do a small tutorial on how to get it done.
Steps
- All you need is Neo wallet for participating, good one is neon wallet - Link
- Download the wallet and create a wallet if you dont have one (save your private keep at safe place) or use your existing private key to access the wallet on Neo blockchain
- For this tutorial i am going to use the Switcheo script hash (NEP-5 Contract hash) to show how to participate in Switcheo (SWH) ICO
Token Name: Switcheo
Symbol: SWH
Type: NEP-5
Script Hash: 78e6d16b914fe15bc16150aeb11d0c2a8e532bdd
- Login to your neon wallet using your private key or saved wallet the one you created newly
- Once you logged in you can see your NEO and GAS on the wallet, they both share the same address, so charge up your wallet by getting some NEO/GAS from the exchanges first, I recommend using Binance
- Once you get some NEO/GAS, click on the "Participate in a token sale" button on the bottom of the wallet
- A new "Manage Tokens" dialog will open and there you have to click on the "Add a new token to purchase" and then paste the Switcheo or any other NEP-5 script hash you want to purchase the tokens, then click "save"
- Once saved the Token corresponding to the script hash will appear on the drop-down, so choose your token, I am choosing SWH and enter the desired amount of NEO/GAS you want to send to purchase the tokens
- Carefully check the amount you want to send and the correct token is selected and go through the warning and click "Purchase"
- Now you are done, the number of Tokens for the pegged NEO/GAS will appear on the wallet's main page.
I do not ask for donations or fee, i am doing it for free, so if you like then go ahead and register with my binance referral if haven't done so.
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