How to Buy Kalata (KALA) in 5 Simple Steps

How to buy Kalata

While you can’t buy Kalata on any major brokerages or crypto exchanges, it can be purchased securely on PancakeSwap, a decentralised exchange (DEX). The following steps will show you how to buy Kalata on PancakeSwap.

1. Sign up with a regulated platform

To start things up, you’ll have to sign up with one of the reliable exchanges or brokers we have selected for you in the table below. You may have to provide a photo ID or proof of residency so you can deposit money into your account.

2. Purchase BNB tokens

Once you’ve added money onto the account of your preferred exchange, you’ll have to buy BNB which can later be traded for Kalata on the PancakeSwap platform. You can find BNB by searching for it on the search bar of your chosen exchange.

3. Send your BNB to a Web 3.0 wallet

After this, you’ll have to create a Web 3.0 wallet like MetaMask or Trust Wallet, where you will send your BNB. Copy the address of your private wallet onto the “Withdrawals” section of the exchange you are using, and transfer your BNB across.

4. Connect your wallet to PancakeSwap

At this point, enter the official PancakeSwap website on either your desktop, tablet, or smartphone and click on the “Connect Wallet” option. Connecting your software wallet to PancakeSwap is a cost-free process and can be completed within a matter of seconds.

 5. Swap your BNB for KALA

You can now trade your BNB for Kalata on PancakeSwap by searching for the ticker symbol, KALA.  Alternatively, you can access the KALA/BNB trading pair using this link. In either case, you should select the BNB/KALA trading pair and select the exact amount of KALA you want to acquire.

What Is Kalata?

Kalata is a peer-to-peer exchange where users can buy synthetic tokens, or “synths”, that mirror the value of stocks, commodities and derivatives you would otherwise find on the traditional finance (TradFi) circuit.

Because Kalata is a decentralised finance (DeFi) platform, this allows you to skip the usual process of having to register with intermediaries like brokers when looking to buy financial products on Wall Street for instance.

This means Kalata-users have the opportunity to buy popular, tokenised versions of stocks like Tesla and other public companies instantly and directly through its portal anywhere in the world, at any time of the day. This is opposed to the situation in TradFi where it is impossible to access national stock markets after certain hours or on the weekends.

Tokenised assets can be created by depositing collateral funding. This ensures that created assets are backed by real assets, causing them to have tangible value. The price of assets of Kalata is linked to the price of the real asset via price oracles. These are blockchain-based information feeds that keep prices updated in real-time.

Ways to Invest in Kalata

Depending on your short-term and long-term financial targets, you’ll want to either sell Kalata not long after you buy it so you can turn a quick profit, or hold on to your KALA tokens for a longer period so you can see their value swell with time.

Buy and hold Kalata

Buying and holding Kalata is a time-tested strategy for most investors. This is a favourable method of investing because it requires little dedication, financial knowledge, and time. This is opposed to trading it, which requires a higher level of expertise.

 Best Kalata wallets

Once you buy Kalata, you will be able to take self-custody of your tokens by storing them on your preferred software wallet or hardware wallets such as Trezor, BitBox, and Ledger. Storing coins on private wallets is usually the most secure way of protecting your investment because only you have the “keys” to access them.

Trade Kalata

Trading Kalata on decentralised exchanges can be a highly profitable strategy if you are looking for short-term gains, but it does not come without a degree of risk. Even the most accomplished traders are susceptible to miscalculating the volatility of Kalata which can lead to significant losses.

Should I Buy Kalata Now?

Before investing in Kalata, it is important that you carry out your own research on the dynamics of the coin and whether it is a safe investment for you. Keeping this in mind, here are some points that you may wish to take note of before buying Kalata.

The KALA token entitles users to a portion of transaction fees on Kalata. If the platform continues to grow, this could create serious demand for the token as a means to generate passive income. The token is also used for governance, which could further increase demand.

The supply of Kalata is capped at 200 million KALA, which creates scarcity. This built-in scarcity, combined with an increasing demand for KALA tokens, could cause the price of Kalata to increase over time.

Projects like Kalata that aim to bridge the worlds of traditional finance and cryptocurrency are becoming more popular, and if Kalata can overcome competition from platforms like Synthetix, the leader in the space, it could rise to major prominence.