Protect Qubitica (QBIT) With the Ledger Nano S/X Cold Wallet
Unlike many Ethereum based projects, QUBITICA is actually a decentralized community of developers working together to advance blockchain technology.
This community developed the QUBITICA infrastructure used for exchanging ideas, prioritizing projects, and managing the shares in QUBITICA. Anybody with shares in QUBITICA can be involved in these related projects.
Developers receive QBIT (the native token of QUBITICA) for the implementation of projects and thus a share in the assets of the platform. QBIT holders can keep their tokens which represent a share of the overall project, or exchange them for Ether or USD/Euro.
QBIT is also the unit through which investors can acquire shares in the projects. This is done by buying QBIT either from the developers, any holder, or via the platform.
To keep QUBITICA’s share users can secure their QBIT on the Ledger Nano S/X. To learn how quick and easy it is to do this follow the instructions below.
Before you begin: You will need to have the Ledger Nano X/S hardware wallet, and the Ledger Live app installed on your computer or mobile device.
Before you begin: Make sure your Ledger Live application is up to date:
- Download Windows 10 Ledger Live update
- Download MAC OS Ledger Live update
- Download Android Ledger Live update
Note: to secure any ERC-20 tokens you first need to have the Ethereum app installed on your Ledger Nano X/S. This is because all ERC-20 tokens are based on the Ethereum network. Once Ethereum is installed you can then add any ERC-20 tokens, including QBIT to your account and manage your funds from there.