Buying and trading CryptoChamps only requires three things:
In order to buy contracts and sell your contracts, you’ll need to install digital wallet MetaMask on your Chrome or Firefox browser and load it up with ether.
There are two ways to add ether to your wallet. If you don’t currently own ether, you can:
If you currently own ether, you can: Transfer your ether from your existing digital wallet to your MetaMask wallet. Just copy your MetaMask address, open up Coinbase, and click on the “Accounts” option. Click the “Send” button, paste your MetaMask address in the box, add the amount of ether you want to transfer, and complete the transaction.
CryptoChamps is part game, part investing, and part charity. Confused? Don’t be.
The game: With CryptoChamps, you can buy and sell Champ smart contracts. There is only one smart contract per Champ – once you own it, you’re the only one in the world who has it. Until someone else comes along and pays you up to double your purchase price to own that contract!
The investment: Every time you buy a smart contract, it automatically doubles in value. If someone else wants to buy it, they have to pay you two times what you purchased the contract for, doubling your investment.
The charity: When Champs verify their smart contract, they can opt to have 3-percent of every transaction made on their smart contract sent directly to a charity of their choice.
Head on over to the CryptoChamps Marketplace, scroll through the Champ contracts, and click on “Buy this Contract” if you see “someone” you’re interested in. You’ll need to have enough ether in your MetaMask wallet to cover the transaction; once you follow through the prompts and transfer the funds, you’re officially the only person in the world who owns that Champ contract.
That depends on the Champ. Because each contract increases in cost after every transaction, the cost of each contract depends on how many times the contract has changed hands in ownership.
Nope – but that’s part of the fun. Anyone can purchase any contract that you own, any time that they want to. However, you get up to double your purchase price in return, which means you’ll have plenty of funds to buy another, cheaper contract, or a head start to repurchase the Champ contract that you lost for the new price.
No. Because CryptoChamps is run on the same blockchain technology used by Ethereum, ether is the only currency you can use to purchase Champ contracts. You can convert your standard currency into ether through an exchange or directly through your MetaMask wallet (depending on where you live).
Think of Champ smart contracts as collectibles – the new version of baseball cards, collectible figurines, or even artwork. While they do have value, that value is based on their desirability. You can make money on CryptoChamps’ smart contracts by selling the contracts in the game and receiving a higher ETH amount than you originally invested.
No worries – it is. You just need to click over to the “internal transactions” tab to see the sale and wait until the transaction is recorded. Registering transaction on the blockchain requires lots of computer all over the world to sync the data. This take some time, just like a bitcoin or ethereum transfer, but also ensures and secures your ownership of the Champ token.
Unfortunately, the current technology used to run the game is too much for your phone to handle. If your tablet runs Firefox or Chrome, you can play CryptoChamps on your tablet; however, the system runs best on a desktop or laptop with Metamask installed.
We take a small percentage of each transaction when a Champ contract is purchased. That’s it. There’s no scam, and no hidden requirements. If you see a contract on the marketplace that you want to buy, you can do so for the full price, and then you own it. It’s that simple.