📙Guide: Swapping Tokens
Last updated
Last updated
Trading on Heraswap is straightforward. There will be no charts or jargon to perplex you, and all computations will be performed automatically.
Before you trade, you must have an ONUS Chain-compatible wallet. You can find out how to create one in this guide. To trade on the ONUS Chain, you will also need ERC20 tokens. You can find out how to obtain some in this guide.
Step 1. Navigate to Heraswap Exchange.
Step 2. If you haven't yet connected your wallet to Heraswap, follow the instructions here.
Step 3. From the menu bar in the "From" area, choose the token you wish to swap.
Make sure you have enough of whatever token you choose to trade with. The balance is shown beneath the token input box.
Step 4. Select the token you wish to exchange in the "From" section. Then, enter an amount for your "From" currency by filling in the input box.
The amount in your "To" currency will be automatically computed. If you wish, you may write your "To" amount and let the "From" amount be calculated for you.
Step 5. Double-check your details before clicking the Swap button.
Step 6. A window with further information will open. Make sure that all the information is correct.
When you're done, select the Confirm swap button. A confirmation will be requested by your wallet.
Step 7. The ONUS Explorer allows you to examine your transaction data.
Heraswap is a DeFi application that works with the wallet to conduct on-chain transactions including swapping and staking in farms and pools.
As a result, the first step is to make sure you have enough ONUS to cover the on-chain transaction cost. The gas charge is often proportional to the number of transactions in the queue; if there are more transactions, a higher gas fee may be necessary to move the transaction forward.
When your swapping operation continues to fail and an error notice encourages you to modify the slippage, you should check to see if the tokens you're attempting to swap have any transaction fees or restrictions.
It is usual for token contracts to contain a transaction fee; normally, these fees might be used for burning or financing a treasury of a fair launch project.
The transaction fee affects the input and output amounts that you agree to when signing the transaction, whether inclusive (a portion of the swap amount is sent elsewhere than your address, resulting in a lower output than expected for the estimated input) or exclusive (requiring an additional transfer from your address to send extra tokens, resulting in a higher input than expected for the estimated output). Many transactions are unable to fulfill the input and output standards due to the tax.
Check their website before exchanging any tokens to discover whether they have a transaction fee model (or tax as many projects put it). If there is, ensure that your slippage is sufficient to accommodate the transaction fee — for example, if the transaction cost is 5%, your slippage must be at least 5% plus the regular trading slippage depending on your trading amount and the liquidity of the token, say 5.5%-6%.
Some tokens, including some scams, even place a block on most or all chain transfers, or only allow particular addresses to sell, making it difficult to exchange the token effectively.
Understand the coin you wish to trade and be aware of any fees or limits!
