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πŸ‘ What is PrimaBlock: A Beginner's Guide πŸ™€ by hiroyamagishi

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· @hiroyamagishi · (edited)
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πŸ‘ What is PrimaBlock: A Beginner's Guide πŸ™€
# Have you considered joining ICOs but found steep minimum investment requirements?


![0.75 ETH.png](https://steemitimages.com/DQmcbQRndeLCSPxcTw8qLWwdfWRfs8kQBJEbJVrY4h13oPY/0.75%20ETH.png)


PrimaBlock is an open-source app for investors on the Ethereum smart contract network. It has been a game-changer in the ICO space since it not only allows small-time investors to pool their funds in ICOs but bolsters a really simple user interface that anyone can use it as well. Today, I will share with you how to participate in a pool via Primablock.


![ETH wallet.png](https://steemitimages.com/DQmdzMx3GyqqJCGRmKyvRYJH93JkjtAaDh5swWuKjvodwDa/ETH%20wallet.png)

## Get an ERC20-Compatible Ethereum Wallet


If you don’t have one yet, I recommend signing up at [MyEtherWallet](https://steemit.com/cryptocurrency/@hiroyamagishi/myetherwallet-a-secure-digital-wallet). Once you have your wallet set up, you will be given an address for your Ethereum wallet.


![00Wallet Address.png](https://steemitimages.com/DQmYahiAeZ1dfFKkbrVe8mDNJmpEumgmjsWf4j2t5E3qtFY/00Wallet%20Address.png)

This is the address that you want to enter on Primablock. Just search for the ICO you want to participate in and once you submit it, you’re going to see a disclaimer. You just have to click β€œAgree”, then you will see the following page:


![01pool.png](https://steemitimages.com/DQmQ5CjxzThP8sGyAJKLALkGw2WNi9v5PcDFbCn3uFtJhcJ/01pool.png)

Now, this is an open pool that is currently running. It says β€œStatus: Open”. It will show you how much ETH you have contributed (I have zero at the moment). The Total Pool Value shows how much has been collected for the particular pool you’re looking at. The same page shows the maximum allocation for the pool. It also shows the minimum and maximum amounts that you can contribute. These are some quick information that you can check right off the bat.


![02Contribute.png](https://steemitimages.com/DQmZg18qDBNYybDwnu5FrFhBNGfvC1xjCYotfuA7HU2pVqv/02Contribute.png)

If you decide to participate, you can just click β€œcontribute Ether”. This will bring you to a page where you’ll be asked how much you want to contribute. Let’s try putting 1 ETH. Once we submit it, it’s going to give an address to send it to, an amount to send, a gas limit, and some data.


![03Contribute to address.png](https://steemitimages.com/DQmZwkumrze7fyVUEdTWe1ATxnbXnfkXD9fiPgmhAWFnTKo/03Contribute%20to%20address.png)

You need to put all of these into their respective fields on the MyEtherWallet page. So, the easiest way to ensure that you’re not going to run into any issues is to click the "MEW Pre-filled" link.


![04MEW Keystore.png](https://steemitimages.com/DQmSuiNSe9HVGfWKoC5RGAhYiJQ4D1toW5JsUZVQPvzPnB4/04MEW%20Keystore.png)

It will open up a MyEtherWallet Tab and you can choose your keystore file if you have one.


![05Wallet.png](https://steemitimages.com/DQmYB23DgcmzHeT6dDo5FvRgp7U1YiGmru1ewFhSc6jCxPP/05Wallet.png)

Once you’ve unlocked it by entering your password, you will see it pre-filled and ready to send with the same information from the PrimaBlock page. The next step is to click on β€œgenerate Transaction”, then β€œSend”.


![06Sure.png](https://steemitimages.com/DQmWGUpVsiAWUrCuqLVdjcMnsYimNAeb5xzEWD4onmBVTKj/06Sure.png)

Before clicking β€œYes’ I am sure”, also see to it that you have an extra amount of ETH, enough to cover the gas needed for the transaction. It depends on the situation so you might also want to consider simulating the transaction prior to transferring funds to your MyEtherWallet.



## How to get your tokens once the pool has been completed.

![07Widthraw.png](https://steemitimages.com/DQmXKmX9dJpBuF1xFJunegT6r1HwQFt8v1K9VN6KSV4AUcW/07Widthraw.png)

Once the creator of the pool has made the tokens available, you’re going to have a blue button that says: β€œGet my Tokens”. Here's a sample deposit into a last year’s pool. This is how I got my tokens.


![08Allocation.png](https://steemitimages.com/DQmYB5ShZewmCLXbxwHUd54Cd1rk4V4v93877pACCasMvb6/08Allocation.png)

The way Primablock works is: When you send off your Etherium, it snapshots all the deposits and it takes the percentage of their total for the pool. For instance, if we pooled and deposited exactly 100 ETH and I shared 10 ETH, I am eligible to get 10% of the total tokens sold to us by the ICO. This must include the bonus tokens since that percentage is always going to be the same based on the tokens are pre-filled.


![09Data.png](https://steemitimages.com/DQmcgvhihmwf41xvsuRsKyUpNGGbFRzxTj1xMMiKgQ52dC1/09Data.png)

You can see it gave us some pre filled out information. You can manually send this with metamask or you can click on this link at the top here. It will take you to MyEtherWallet and if that has already pre-filled data in for you, then you can connect your MyEtherWallet whatever you do, if you use metamask for your private key your Trezor. However you connect.


![10MEW Width.png](https://steemitimages.com/DQmVFJUXzSbPk1hAVR3xdxNX1hivipT8NZLdnwQstkL1b9m/10MEW%20Width.png)

You will see that everything has been filled out for you. You can verify it but they have always transferred correctly, at least for me. Many of you, I think, are using MyEtherWallet, which I will also discuss in one of my future posts for those who are just going to get started.


![11MEW send.png](https://steemitimages.com/DQmTHj5hL1tdZi3GYEt4SE6jKabUahRxUeLcgcGCZcP1Lyj/11MEW%20send.png)

Once the transaction is generated, go ahead and send it. You want to verify you’re sending a zero Ethereum transaction to the contract. It’s only saying β€œHey, will you release those tokens to my address?” So, hit yes.


![12MEW Metamask.png](https://steemitimages.com/DQmeedn3iVcer5fiiUs8sTV8i8VFAd4wZF747x1E5NQZVsi/12MEW%20Metamask.png)

Here is the metamask popping up. Just submit it and away we go! We’ve got a transaction on the Ethereum blockchain. Just wait for that to confirm.


![13MEW Conf.png](https://steemitimages.com/DQmcgB7mAtetqLpR64L92JRXnBC1iRut7eNvfJbksP69RZ5/13MEW%20Conf.png)

As you can see, the transaction is confirmed. It talked to the ICO contract which then talked to our Primablock pool contract, which then sent my portion of the tokens from our Primablock pool, to my personal Ethereum wallet.


![14Etherscan.png](https://steemitimages.com/DQmRj7N3oJu3r9y5MZkp31CVxXhxvxJFb1mN9j2w3KzrzQL/14Etherscan.png)

If we take a look at MyEtherWallet, on Etherscan, there is the token showing up right there. Now, when I take a look back at Primablock, you can see the transaction, the token transfer. The β€œGet My Tokens” button is still clickable but if you’ve already gotten your share of the tokens, the transaction would just fail.  


*I hope this tutorial helped you to understand how Primablock works. Feel free to ask questions below.*

***Play and download Super8BallClub if you still didn't try it out. A game built on Steem blockchain.***
https://play.google.com/store/apps/details?id=com.creativestudio.super8ballclub

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## Please upvote, resteem and follow me. Thank you.
 
 
![U5dsYN1i898HxUSfg1PG6zC6e5s4xsY_1680x8400.png](https://steemitimages.com/DQmdMXF74xJc9Mzb96qonnU1PpYcpRJ9MwRyQ4orrzynmuL/U5dsYN1i898HxUSfg1PG6zC6e5s4xsY_1680x8400.png)
 
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@aitrading.com ·
Upvoted! :) 
Join us @aitrading.com and learn more about our unique AI-powered trading Platform.
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@ajznakamoto ·
Coincido estimado @hiroyamagishi con las ganancias masivas a travΓ©s de ICO, Gran idea.
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@chaseburnett ·
There is definitely a huge potential for massive gains through ICO's. Thanks for keeping the community up to date!
πŸ‘  
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@hiroyamagishi ·
thanks reading
πŸ‘  
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@daentepi ·
You did it so well. Easy to learn it, easy to understand it. Now, I know how the primablock works. Smart contract, smart investment.
πŸ‘  
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@hiroyamagishi ·
With Primablock it is less risky to invest in a crowdfunding project. Just play safe
πŸ‘  
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@expressionism ·
good idea i will do it tomorrow!
πŸ‘  
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@jcobs ·
Hey man do you have a pool of upcoming ico’s so we can participate
πŸ‘  
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@hiroyamagishi ·
Personally, I don't do a pool. But if you are looking for one maybe I can recommend some of the trustworthy pool that I trust
πŸ‘  
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@josteem ·
$0.72
Great app .. great idea ... hope it continues to work without hacking issues for their  smart contracts .
πŸ‘  ,
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@hiroyamagishi ·
There are still risk if the host has an evil intention. Be careful always
πŸ‘  
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vote details (1)
@josteem ·
$0.73
True ! Usually, I wait sometime to participate in any new poroject until it gets kinda safe and stable ( which make me lose some wonderful opportunities some times lol) ... however, even missed opportunity .. just wait for it must has a big correction where you can take another little calculated risk and jump into lol
πŸ‘  ,
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vote details (2)
@kumajin ·
Gift.ONE, the global biggest airdrop organization of cryptocurrency,
is airdropping million Tokens!
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Gain more 100000GIFT from any activities,
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EOPT is the token of EasyOption.io platform, will be traded on exchange.
1 EOPT = $0.2
http://airdrop.easyoption.io/#uwezttpg9zk
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@luistoledo ·
very entertaining your post brother I like the post with good text and nutrient content for readers β˜†β˜†β˜†β˜†β˜† @hiroyamagishi
properties (22)
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@maxijgcomm ·
Wow nice tutorial. I love the way you break down the step by step process.
Cant wait to register mine.
πŸ‘  
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@hiroyamagishi ·
Regulations are coming into ICO that is why some of the projects prefer selling the token as a private sale rather than public sale
πŸ‘  
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@maxijgcomm ·
Are you serious. I think the more viable ones would be sold on private though a lot are listed on air drops
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@melbourneswest ·
This app sounds very promising. Def something I'd be interested in investing in.

Thank you for letting us know
πŸ‘  
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@hiroyamagishi ·
By using this smart contract I save myself from the hassle of gas wars and failed transactions. Thankful for Vitalik creating Ethereum
πŸ‘  
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@propane ·
$1.16
I think every week I read about a game changing coin. How many of these coins will exist 3 years from now?
πŸ‘  , ,
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vote details (3)
@cicbar ·
$1.13
I believe that less than 10% of all current Cryptos  will survive and achieve adoption.
πŸ‘  ,
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@hiroyamagishi ·
I am not a fan of a game coin, like the PoWH or its clones. Smart contract will exist until Ethereum of Buterin exist
πŸ‘  
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@skarletcavatica ·
$0.04
pde poh pa help.. ng transfer po aku sa coins.ph sng ur video instruction sa youtube. kaso sa blocktrades status failed xa. anu poh gagawin ku? baguhan kaso aku dito sa steemit.. =)
failed xa pero nabawas na sa steem dollar ku.. 
thank u in advance
πŸ‘  
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@hiroyamagishi ·
comment kayo s blog ng blocktrades para ilapit po problem nila
πŸ‘  
properties (23)
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@steemcafe ·
Hi Great post.  So detailed and informative.  Thank youb for sharing. You are doing outstanding work.  
πŸ‘  
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@hiroyamagishi ·
thank you my friend. Thanks for putting some time to comment on my post
πŸ‘  
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@sushovon002 ·
It's so great man...  really helpful.πŸ‘
πŸ‘  
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@hiroyamagishi ·
thanks reading
πŸ‘  
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@trippyelf ·
In 2018 we have seen a massive increase in the number of ICO's, It's getting really tough to choose a good investment. The second challenge is to spot a good ICO from a scam.  You can see the stats  here https://www.coinschedule.com/stats.html
Can you suggest a way of spoting out a good ICO as it gets really impossible to read all the white papers.
properties (22)
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@hiroyamagishi ·
I already posted how I distinguish a good project from scammy one. Please check my recent blogs
πŸ‘  
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@yalzeee ·
What would you recommend as a minimum investment, for short term?
πŸ‘  ,
properties (23)
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vote details (2)
@hiroyamagishi ·
I am not your financial advisor. If you have for example 1,000 dollar to throw I would suggest to divide it in 20 ICO that you have researched for quite some time. And watch this horses reach the finish line(moon). Not your financial advisor though
πŸ‘  
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