Discover how to buy tokens using USDC. Our guide simplifies the process of converting stablecoins into investment opportunities.
December 25, 2024
Guillermo Alda
CEO at tauvlo
Congratz! You got lucky by becoming one of the early tauvlo users. You are here because you care about your future, because you want your money to work for you and you need the connection to the real world.
You are here, making one of the best decisions of your life, one that you will be recalling in 10 years. The thing is, you are not sure how to buy tauvlo’s” tokens, your time is valuable and you don’t want to waste it on figuring things out. That’s why this guide is here for you.
Select the token you want to invest in
We assume you were already able to sign up and log in. You went around, had a look at the marketplace and picked the first token you want to invest in. You got to KYC and did it in a moment.
What to watch out for
Make sure your wallet is switched to Polygon network.
Make sure you have enough POL to pay for gas fees on Polygon.
Make sure you have enough USDC and not USDC.e or other stablecoins on Polygon. Other than USDC will not be used in the process.
Step by step - Invest with USDC
Click the “Invest” button
Connect your wallet, unless you already did so. We use Rainbow for wallet connection, where all major wallets are supported. Make sure you switch the wallet to Polygon.
Select the number of tokens you want to purchase. Notice the minimum amount of tokens per purchase.
Read and understand the Terms and Conditions. Make sure you understand the T&C and when you do and when you are ready to proceed check all the
After understanding the conditions, you will be provided with “Token Purchase Agreement”. Carefully review and when you are ready you can sign. This step and ones before and after are necessary to be MiCA compliant, to give the highest legal guarantees. The signing will be done naturally and easily through your wallet.
Till this point, the process was the same, independently of the payment type. This guide shows you how to pay with stablecoin (USDC), so we will continue with the stablecoin.
First you approve the allowance. This means that the protocol will be allowed to use the amount you are investing to exchange it for the RWA tokens. Make sure the Spending cap is set to the amount you will actually be paying, not higher or lower. A higher than needed amount is unnecessary and a bad practice. The low amount would result in a failure in the following step. Secondly, make sure you have some POL to pay for gas fee.
Upon successful completion of the allowance approval, you will be asked to proceed with the payment.
Your wallet will pop up asking you to sign a transaction where you invest the predefined amount. Make sure the amount corresponds to what you agreed in the previous steps. Also, make sure you have enough USDC (not USDC.e or other stablecoins) and enough POL to pay for the gas fee.