Hello!! To participate in the NovaDEX IDO, users are required to have $USDC and $SOL (For Gas Fee) in their Phantom wallet (Solana Wallet).
If you already have $USDC & $SOL in your Phantom wallet, you are all set to participate in the IDO.
However, if you prefer to bridge your $USDC from the EVM chain to the Solana Chain, here is a step-by-step guide on how to do it.
Two Options:
1. Bridge USDC to Solana from any EVM Chain
2. Get SOL to Solana for the required Gas (Use Phantom or CEX)
1. How to get $USDC on Solana chain in your Phantom Wallet
Step 1: Visit https://core.allbridge.io/?f=ETH&ft=USDC&t=SOL&tt=USDC
Step 2: Connect your Metamask Wallet and Phantom Wallet
Step 3: Select the $USDC amount you wish to bridge from your EVM chain to Solana chain.
Note: Ensure that you have a minimum of 40 USDC in your wallet to participate in the IDO, in order to meet the minimum contribution limit.
It can take ~17 mins for bridging process.
Step 4: Click on “Approve” and “Send”.
Note: It can incur a gas fee of up to $20 when you send $USDC from the Ethereum chain. To avoid high gas fees, you can use other EVM chains such as Arbitrum, Avax, Polygon, etc or users can directly deposit $USDC and $SOL into their phantom wallet from any trusted CEX. If you have any doubt feel free to ask in our discord chat.
2.1 How to buy $SOL on Phantom Wallet for Gas Fees
To fund your Phantom wallet for gas fees, you can either transfer funds from any centralized exchange (CEX), or you can directly purchase in the Phantom wallet itself. Here is a step-by-step guide on how to do it:
Step 1: Open your Phantom wallet, look for the option to buy or add funds and select Solana
Step 2: Enter the amount you wish to purchase. For the NovaDEX IDO gas fee, you will need a maximum of $3 worth of Solana.
Click “Next”
Step 3: Select and any of the payment option you like. After payment $SOL will reflect in your account instantly.
It will reflect in your in ~5 mins
2.1 Method 2: Using Centralized Exchange (CEX)
Step 1: Buy ~ $5 worth of $SOL on any CEX you like such as Binance, Kucoin or Bybit etc.
Step 2: After successful purchase, go to withdrawal section on your CEX and select $SOL to withdraw
Paste your phantom wallet address in “Wallet Address” Section
Select “Solana” in Network choices
Enter the amount you wish to withdraw
Select “withdraw” and confirm 2FA security.
Step 3: It will reflect in your phantom wallet in ~2 minutes time.
and you are all set for IDO.
