Through the course of this article, we will understand all about the Sombra coin and how to buy the Sombra coin.
The advancement and growth of digital technology have given rise to the creation and introduction of blockchain technology which is focused on making transactions and investment a lot easier for users given the unique features it presents to investors and users in the financial market.
Since the basic issues faced by Big-tech companies, including META (FACEBOOK), GOOGLE, AND APPLE, all point at user data management and privacy, the need for a decentralized system of management cannot be over-emphasized right now. The blockchain industry presents this to users through the decentralization process, which enables users to control whatever they do with their assets and funds in the digital space.
Crypto users and investors need to understand all about any crypto token or coin present in the coin market as they make their investments. This will help them make the right investments, profit from them, and avoid running into illegal tokens and coins in the crypto market.
The growth of the Sombra coin has drawn many crypto users and investors’ attention to the platform, making it a coin of major interest in the crypto market.
What is Sombra Coin?
The Sombra network aims to create interoperability between social media and the blockchain industry, leading to a multi-level interaction between users on different levels and creating real connections among all users, both famous and normal people alike.
Here is some basic information as regards the Sombra coin important for crypto users and investors to understand:
- Sombra equals many things, including an NFT Marketplace, a sort of Social space for user interaction in a more direct way, and a gaming eco-system of high tech interaction among players.
- This ultimately brings different levels of users together on the platform, from artists to collectors, to gamers to celebrities, content creators, viewers, and social users together on one platform, still maintaining decentralization which is the foundation of the blockchain industry.
- The founders of the Sombra platform cut across various areas of user and technology interaction, given the platform’s root in Hollywood VFX, high-tech company management, digital art creation referring to Non-Fungible Tokens NFTs.
- The Sombra network can officially be called marriage between the social network and digital art gallery NFTs, a significant player in the blockchain industry. The Sombra platform can be called the Facebook of Digital arts, NFTs and Gaming.
- The Sombra coin SMBR is the official token of the Sombra network; the Sombra coin runs on the Binance Smart Chain network making it a BEP-20 token which has been seen to be strong in the crypto market given the success of other BEP-20 tokens in the crypto market.
This is some basic information about the Sombra coin important for interested crypto users and investors to understand as they invest in the crypto market.
Sombra Coin Contract Address and Market Cap
The tokenomics of any crypto token or coin is an important aspect of any cryptocurrency. Given the impact this has on the growth and success of a crypto token to some extent. This is why crypto users and investors need to understand all about the tokenomics of any crypto token before making any investment into such token or coin.
The tokenomics of a crypto token refers to its distribution in the crypto market, liquidity, staking, and its burn in the coin market. All these come together to influence the coin’s movement up and down the crypto market regarding its price and number of holders.
Here are the tokenomics of the Sombra coin:
- There is a maximum supply of 100 Million Sombra coins in the crypto market with a circulating supply.
- 25 Million Of the maximum supply of the Sombra coin is burned on its release to ensure transparency with this crypto coin. There is also a 3% allocated to liquidity pools, as with other crypto tokens.
- Another 3% goes to holders of the Sombra coin on each value transaction, which might also depend on the volume of the transaction conducted by the user.
- The Sombra coin has a fully diluted market capitalization of $12,576,020.41 and a 24-Hour trading volume of $837,286 which means the token is on a high trade rate at the time of writing this article.
- The Sombra coin has a rank of #3314 on the crypto platform CoinMarketCap and has seen a surge of more than 40% at writing this article.
Price and Contract Address
The Sombra coin has received significant attention in the crypto market since its launch resulting in this strong surge in price and number of holders, which the crypto token is witnessing in the coin market.
As of the time of writing this article, the price of the Sombra coin is at $0.13.
Its contract address is – 0x8ad8e9b85787ddd0d31b32ecf655e93bfc0747ef
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How to Buy Sombra Coin Step-By-Step Guide
The Sombra coin can be purchased and stored by interested using some Decentralized Exchange and crypto trading and exchange platforms in the coin market.
Here is a step-by-step guide on how to buy and store the Sombra coin by interested investors and crypto users:
- Since the Sombra coin is a BEP-20 token, users can purchase a BNB coin from the Binance crypto exchange and withdraw this coin to the Trust Wallet Platform, where the transaction will take place.
- On the Trust Wallet crypto platform, navigate to the dApps section and open it up, scroll down to Decentralized Exchanges DEXs and select the PancakeSwap crypto platform.
- On the PancakeSwap crypto platform, on the “From” button, input the number of BNB needed for the transaction, and on the “To” button, copy and paste the contract address of the Sombra coin on the search bar to import the Sombra coin.
- Once done, set the slippage tolerance for the transaction, and hit the “Swap” button to exchange the BNB for the Sombra coin. This will automatically purchase and store the Sombra coin in the user’s wallet.
This simple step-by-step guide guides users and investors to purchase and hold the Sombra coin in their wallets.
Is Sombra Token A Good Investment?
The Sombra token has seen a significant increase in the crypto market since its launch drawing many more investors and crypto users to this project, thereby increasing the worth and value of the coin.
It is still very much advisable for investors and crypto users to make their basic research and findings on any crypto token which they choose for their investment s this will help them make the best decision on which tokens are worth their investment and also help them avoid investing their funds on scam tokens in the crypto market.
What are your thoughts and opinion on the Sombra coin? Share your views using the comment section.