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Guide to Purchasing $SCRT Token for Americans - Part 2

Mar 28, 2024

This is the second part of a series providing information on how Americans can buy the $SCRT token. In the previous segment, the process of onboarding the Osmosis DEX and exchanging $ATOM, $OSMO, or $USDC for $SCRT was explained. This part will focus on transferring USDC from Noble to Osmosis.

To begin purchasing the $SCRT token utilizing Noble, follow the steps outlined below.

The reason for offering this option to Americans is due to limited choices available on centralized exchanges compared to other regions. Additionally, after acquiring the token, transferring it to a personal wallet can be more complicated for American users.

Sending USDC to Osmosis with Noble

Noble operates within the Cosmos ecosystem, serving as a Layer 1 chain. The platform is part of the IBC and is interconnected with 37 other chains through IBC. Noble issues native USDC within the Cosmos network, allowing for seamless transactions.

Map of Zones

More detailed information on Noble and native USDC can be found in a related blog post. This approach streamlines the process, eliminating the need to work with different forms of USDC. Osmosis accommodates various types of USDC, including native USDC.

Using IBC.Fun

For transferring assets, IBC.Fun provides a reliable solution. The platform allows you to bridge native USDC from different EVM compatible chains to Osmosis within the Cosmos network. By choosing the source and destination chains and assets, users can easily navigate the transfer process.

Sending USDC to Osmosis with Axelar

Apart from Noble, Axelar presents another option for sending USDC to Osmosis. This method involves utilizing the Squid Router powered by Axelar to transfer native USDC or axlUSDC directly to the Secret Network, facilitating the receipt of $SCRT into the designated wallet.

Squid Router UI

Axelar's Squid Router streamlines the process, offering a convenient way to access $SCRT. It is essential to have multiple options available when engaging with cryptocurrency transactions, as platforms may encounter issues over time.

Conclusion

In the comprehensive two-part series, a detailed guide on purchasing the $SCRT token was provided, addressing the challenges American users face in accessing this asset. Part 1 covered the fund transfer process to Osmosis and the subsequent swap to $SCRT. Part 2 explored the use of USDC on Noble and the alternative option via Squid Router powered by Axelar for seamless asset transfers.

Please note that the information shared by Altcoin Buzz is for educational and informational purposes and should not be considered financial advice. The risks associated with investments in cryptocurrencies should be carefully evaluated.

For more information, visit the original article at Altcoin Buzz.

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