How to Buy
5 steps to buy on BYDFi
Open BYDFi account for free
Sign up for BYDFi with your email/mobile number and create a strong password to protect your account
Keep your account safe
Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.
Verify account
Enter your personal information and upload a photo of your valid ID cardVerify your personal identity
Add payment method
Once your BYDFi account is verified, add credit/debit card or bank account
Buy
There are various payment methods available to purchase LAI on BYDFi. We'll guide you through it
Choose how to purchase LAI on BYDFi
Buying coins on BYDFi is easy and convenient. Explore different ways to buy
- 1
Buy with credit/debit card
This is the easiest way for new users to buy (LAI). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete
- 2
Buy through third-party channels
BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area
- 3
Buy on BYDFi's Spot market
BYDFi's Spot market offers 700+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here3. After a successful trade, you can view the available in your account
How to store ?
The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store
Store LAI in your BYDFi account
Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets
Deposit your LAI to the wallet
「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .
How you can use with BYDFi
Hold
Store in your BYDFi account.
Trade
Trade in spot and futures markets.
Why is BYDFi the best platform to buy ?
Safe and reliable
Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.
High liquidity
BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads
Gem cryptocurrency platform
Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy LAI on BYDFi and use it to exchange other crypto assets.
Friendly interface
Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive LAI
Trade
Answers
Is LayerAI (LAI) a Good Investment?
LayerAI could be an interesting investment project to include in your crypto portfolio. Here are some reasons why:
Combination of Blockchain and AI Technologies
LayerAI is the first technology to successfully merge blockchain and AI, specifically focusing on decentralizing the wealth of the trillion-dollar AI and data market. By combining these two powerful domains, LayerAI aims to disrupt and decentralize the current data monetization model dominated by big tech companies like Meta and Google.
Large User Base and Adoption
LayerAI has already achieved significant user adoption with applications that have attracted more than 2 million users. This user base includes a wide range of lifestyle, music, gaming, dating, travel, and other app categories, making it one of the few AI platforms that have come close to the success of applications like ChatGPT. The established user base provides a strong foundation for the sustainable growth and mass retail adoption of LayerAI.
Sustainable 2Earn Ecosystem
LayerAI introduces a unique 2Earn ecosystem where users can earn rewards by contributing data that is then sold in the global data marketplace. Unlike many other to earn tokenized startups, LayerAI aims to ensure sustainability and avoid infinite token inflation by having a solid revenue foundation backing the payouts to users. This approach positions LayerAI as the first sustainable to earn ecosystem.
zkRollup Technology
LayerAI utilizes zkRollup technology, making it a scalable layer-2 blockchain solution. This technology enables LayerAI to process transactions off-chain while still ensuring the security and integrity of the network. Additionally, being EVM-compliant allows for easy integration with existing Ethereum-based applications, enabling rapid development and onboarding of developers.
What Is LayerAI Price Prediction?
Although we cannot offer an accurate LAI price prediction over any timeframe, several factors could influence price action and volatility in this token:
Level of Adoption and On-chain Activity in LayerAI Ecosystem
Increased use of the LayerAI platform drives up the demand for the LAI token, supporting its value. Higher on-chain activity within the LayerAI ecosystem strengthens the LAI to USD price in the market.
LayerAIs Future Developments and Partnerships
The progress of LayerAI's development, including technological advancements, partnerships, and ecosystem expansion, can impact the price of LAI token. Positive developments such as launching new features, successful integrations with other projects, or partnerships with industry players can increase investor confidence and interest, potentially leading to LayerAI price appreciation.
Crypto Market Sentiment
Investor sentiment and overall market perception of LayerAI can affect its token price. Positive news, community engagement, and a strong project reputation can attract more investors, leading to price appreciation. On the other hand, negative sentiment, concerns about project fundamentals, or market skepticism can lead to a decline in the $LAI price.
How to Use LAI Token
LAI is the native asset on the LayerAI Ethereum layer-2 network. It serves multiple purposes within the ecosystem, including:
Gas Token on LayerAI
LAI token acts as a multi-value gas token, fueling network transactions on the LayerAI platform. Transaction fees contribute to the ecosystem income and help sustain the decentralized AI economy.
Liquidity Events
LAI can be utilized for liquidity events such as buy-backs and burns. The DAO controlled by LAI stakers can vote to use treasury funds to buy back LAI from the open market or run constant burns of LAI tokens bought from the market. These actions contribute to redistributing the wealth generated by the AI revolution and provide potential value appreciation for the token.
Support LayerAI Core Apps
The LayerAI Foundation develops Core Apps, which are applications that kickstart the ecosystem data economy. The LAI token is a pillar for ecosystem income generated by these Core Apps.
LAI Data Market
LayerAI offers the LAI Data Market, a platform for developers and companies to provide consented data to purchasers. The LAI token is used for transactions and incentivizing participation within the data market.
Trade or HODL LayerAI Token
Trade LayerAI crypto against other digital assets on the BYDFi Spot Market to make the most of changing market conditions and volatility. You can buy or sell LAI or hold it long-term if you believe in the future potential of the LayerAI project. Remember to DYOR before making any trading decisions in the crypto market.
How to Stake LAI on LayerAI
You can stake LAI on the LayerAI network to earn rewards. Heres how:
1. Configure and fund your crypto wallet by buying LAI on BYDFi or other supported platforms and transferring your tokens to your wallet.
2. Visit the Staking interface of the LayerAI app and connect your wallet to it.
3. Click Stake Now and scroll down to enter the number of LAI tokens.
4. Click Stake and confirm the transaction from your wallet.
5. Sit back, earn rewards, and grow your crypto portfolio by staking LAI on LayerAI.
What Is LayerAI Tokenomics?
LayerAI has fixed the total supply of LAI at 3 billion tokens. The following is the LAI token distribution:
1. 20% of the LAI supply was allotted for staking activities.
2. Another 20% went to the LAI public sale.
3. 25% of LAI tokens were assigned for data mining incentives.
4. 16% was distributed among the LayerAI team.
5. 10% was kept aside in the development reserve.
6. 6% of LAIs supply went to the project advisors.
7. 3% was allocated for marketing activities.
