Acquiring CNTs

What Are Cardano Native Tokens (CNTs)?

Cardano Native Tokens (CNTs) are digital assets created on the Cardano blockchain. Unlike Ethereum's ERC-20 tokens, which rely on smart contracts for their functionality, CNTs are integrated directly into the Cardano ledger. This native integration offers several advantages:

1. Security: CNTs inherit the robustness and security of the Cardano blockchain, reducing risks like bugs or vulnerabilities often found in smart contracts.

2. Scalability: Transactions involving CNTs are more efficient and scalable compared to custom smart contract-based tokens.

3. Low Fees: Thanks to Cardano's low transaction costs, transferring or trading CNTs is cost-effective.

CNTs can represent various assets, such as utility tokens, governance tokens, stablecoins, and tokenised physical/digital assets.

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Acquiring $BTN (Butane Governance Token)

The governance token for the Butane ecosystem ($BTN) plays a key role in decision-making and protocol management. To trade or acquire $BTN:

1. Use SundaeSwap: SundaeSwap is a decentralized exchange (DEX) within the Cardano ecosystem that supports $BTN.

2. Verify the Policy ID: Always confirm the token’s Policy ID before executing trades to avoid scams. The Policy ID for $BTN is: 016be5325fd988fea98ad422fcfd53e5352cacfced5c106a932a35a4

3. Steps to Trade $BTN on SundaeSwap:

   • Connect a Cardano-compatible wallet (like Nami, Eternl, or Yoroi).

   • Select ADA as the token you’re trading from, and $BTN as the token you wish to acquire.

   • Confirm the Policy ID and execute the swap.

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Acquiring Butane Synthetic Assets

Butane's synthetics are tokenised representations of digital or real world assets. These synthetic assets can be traded using DexHunter, a DEX aggregation tool built on Cardano.

1. What is DexHunter? DexHunter aggregates liquidity across multiple Cardano DEXs. This allows users to split their orders and secure the best rates for trades. It’s particularly useful for trading assets that are listed across several platforms.

2. How to Trade Butane Synthetic Assets on DexHunter:

   • Visit the DexHunter platform: https://www.dexhunter.io/.

   • Connect your wallet and ensure it’s funded with ADA for transaction fees.

   • Search for the synthetic asset you want to trade.

   • DexHunter will find and optimize the trade across all available DEXs.

   • Execute the trade once you’ve reviewed the details.