How to Exchange $COIN on Uniswap
Uniswap is a decentralized exchange (DEX) based on the Ethereum protocol that enables anyone to swap ERC-20 tokens, of which Coin token ($COIN) is one.
A smart contract and liquidity pool for any ERC-20 token can be created on Uniswap by funding it with an equal value of ETH and that ERC-20 token. Uniswap uses a constant equation, which factors in the balances between the ETH and the ERC-20 token and supply and demand, to determine the price of the token. The smart contract for COIN on Uniswap is set up here.
To exchange $COIN on Uniswap, you will need ETH in your ERC-20 wallet to swap and pay for transaction fees for COIN.
Click the “Connect to a wallet” link on the top right-hand corner, and then login with your blockchain wallet you wish to use. (Supported ERC-20 wallets include MetaMask, WalletConnect, Coinbase Wallet, Fortmatic, and Portis.)
2. Select the assets to swap.
After logging in, you will arrive at the main swap interface. In the top field, select the token you wish to exchange for the token you want. In our case, we will select ETH. In the bottom field, select the token you want to purchase. In our case, we will select $COIN.
3. Enter the quantity of your order.
You can either specify how much ETH you want to spend by entering a number in the top field, or how much $COIN you want to buy by entering a number in the bottom input field. At the bottom of the order interface, you will see how much COIN you can expect to receive after deducting the fees and slippage.
If you are satisfied with these details, click the “Swap” button.
Your connected wallet will then prompt you to confirm (or reject) the trade.
After the trade is confirmed and executed, your $COIN tokens will appear in your ERC-20 supported wallet.