How to Swap AIN with DAI on Balancer
Hello, AI Network community!
As of April 1, anyone can swap AIN with DAI on Balancer. For those who aren’t familiar with using DEX, please follow this tutorial to exchange AIN with DAI.
Step 1: Install the Ethereum wallet, Metamask
To use a DEX(decentralized exchange), you must install an Ethereum wallet service first to manage your own wallet. Metamask is one of the most popular wallet services. The most common way to use Metamask is to install the Chrome extension version. There are already many useful articles about how to install Metamask, so please visit one of the pages linked below.
Metamask Installation Method (Blog)
Metamask Usage and Installation (Video)
Step 2: Link Ethereum wallet on Balancer Exchange
Once you have finished installing the Metamask, you can now go to the Balancer Exchange page.
Now click on the Connect button in the upper right corner. Although we’ve only introduced you to the most representative wallet, Metamask, there are many kinds of Ethereum wallet links available. So feel free to use other wallet services, if those are more comfortable for your needs.
Step 3: Search for AIN token. And choose.
Once the wallet is linked to the Balancer Exchange, it’s time to exchange the AIN. Yet, AIN token hasn’t been whitelisted on Balance — meaning, the symbol of AIN isn’t searchable in the Balancer. The fastest way to search AIN is to enter AIN token smart contact address.
To exchange your DAI with AIN, click the token symbol at the bottom
(in the image above, where BAL token is shown) and replace it with AIN as shown above. When you click the BAL symbol, the selection window appears as below.
In the search box, paste 0x3A810ff7211b40c4fA76205a14efe161615d0385 which is the smart contract address of the AIN token. Please double-check whether the address is correct by clicking Smart Contract at the bottom of the AI Network website page or by visiting the Etherscan link above.
If you search with the contract address in the window, AIN token will appear as below. Please select AIN.
Step 4: Exchange DAI to AIN
Now, let’s exchange AIN with DAI. When you input DAI volume, the bottom window shows the amount of AIN that can be exchanged according to the current AIN’s market value. Please note that the price of AIN is linked to the price of AIN on Coingecko at the time of listing the Balancer. Now click the Swap button. The Metamask pop-up window appears.
An example image of Metamask Tx pop-up page and GAS fee (source)
The recent rise in Ether prices and the congestion of Ethereum networks have led to high GAS fee. (GAS explained) If the suggested GAS fee by Metamask is too expensive, you can press the EDIT button and choose other GAS fee options to complete the transaction. It might result in a more slow transaction complete, but you will be able to pay less. If you want to know more about the basic method of trading on the Ethereum network, please refer to this article.
Once you’ve checked everything, please press the Confirm button on the top image and wait a few minutes or more to finish the transaction. Once the transaction is complete on the Ethereum network, you can view the transaction completion message in the Metamask.
In case that you’re not able to see the AIN token in the metamask, please add the AIN token in the metamask. (How to Add)
AIN Token Smart Contract Address:
