Setting up Your GEOD Wallet
What is a Digital Wallet
Navigating cryptocurrency without prior experience can be bewildering, especially when terms like "tokens", "coins" and "wallets" are not clearly analogous to their real-world counterparts. The following information will help clarify how a wallet functions.
Understanding how a digital wallet functions is relatively simple: for both software and hardware wallets, the only role they have is to store and manage your private key(s) for you.
Software Wallet: a software wallet is a secure digital address that stores your private key(s), preventing un-authorized access to your cryptocurrency.
Hardware Wallet: a hardware wallet is a physical item, such as a USB drive or other storage device, that is designed to store your private key(s) offline.
Unlike traditional wallets, digital wallets do not store your cryptocurrency. Tokens are never "in your wallet", instead, they are stored on the blockchain at your address.
You can think of your address like a bank account, and your private key like a PIN. If you would like to receive money from a person or business, you would provide them with your bank account number, but never your PIN.
[NOTE]: GEOD Network will never ask for your private key, and anyone asking for your private key is likely malicious. Keep your private key(s) private to prevent any theft or malicious activity.
Reference: Understanding Crypto Wallets
Setting up your Digital Wallet
In order to use, earn, or purchase GEOD Tokens, you need to have an ERC-20 compatible wallet.
We recommend using MetaMask to access GEOD network and its functions. The MetaMask wallet can be easily setup by:
Installing the MetaMask wallet
Adding GEOD as a custom token to your MetaMask wallet
Installing the MetaMask Wallet
MetaMask is a browser extension currently supported by Chrome, Edge, Firefox and Brave.
Installation is simple - Go to metamask.io and follow their installation instructions.
After installation, MetaMask will generate a private key and a recovery passphrase for you. Write this down and store in a safe place. Treat the recovery passphrase (and private key derived from it) as your actual wallet - anyone who knows it owns your money, so never show it to anyone.
If you already have a Polygon wallet with a passphrase or a private key, you can skip the creation of the new one above and import the one you already have.
Add GEOD as a Custom Token
To see your GEOD balance on MetaMask's token list on the left-side menu, you must add it as a Custom Token in your MetaMask wallet.
To add the GEOD token, go to the GEODNET Token page on the Polygonscan website where you see the option "Add Token to MetaMask (Web3)".
MetaMask will ask you to log in and add the suggested token. Click "Add Token" and the GEOD token with your balance will show up in your wallet.
Add Your Existing Wallets to MetaMask
After your MetaMask wallet is set up and ready to go, you can choose to add your existing digital wallets to MetaMask. To add your existing digital wallets to MetaMask, click on the "Account" on the top and select "Add account or hardware wallet", then follow the instructions to add your other wallets.
Purchase GEOD Tokens
To purchase GEOD and MATIC, please carefully follow the instructions listed on each exchange, or follow instructions using MetaMask's Swap feature.
Please make sure you are directing funds to your MetaMask wallet address.
Once purchased, wait for the transfer to succeed and the coins should appear in your MetaMask wallet.
[NOTE] Ensure that you have enough Polygon (MATIC) to cover gas fees required for every transaction you want to execut. You can think of the "gas fees" as a form of transaction fees on blockchain networks.
Last updated
