Nov 25, 2020
How to Token Swap on Uniswap
Hello, it’s Bifrost Team!
BiFi, the multichain DeFi platform built on Bifrost, is launching very soon! BiFi will initially support borrowing, lending, and yield farming service. Eventually, we will support a wider range of DeFi products along with Bifrost Wallet, the first multichain wallet that supports assets beyond ERC-20.
The BFC Initial DEX Offering (IDO) on Uniswap will be on December 1, 2020 at 11:00 AM UTC. Anyone uses Uniswap will be able to participate in the IDO.
Read below to learn more about how to Swap in Uniswap:
On a side note:
⚠️ Currently, BFC is not yet registered on Uniswap. The following instructions and logos, such as BFC token logo and BFC/ETH pool, have been created for explanation purposes. You will be able to follow through these instructions on the day of the IDO, on December 1, 2020 11:00 AM UTC.
How to Swap on Uniswap
1. Go to the Uniswap website and click Launch App on the top right hand corner.
2. Then you will be directed to the page below.
3. Before swapping BFC, you have to add the BFC token. If you have not added BFC token to your MetaMask, please read the previous Medium post:
4. When you have added BFC to your MetaMask, click Select a token. Copy the BFC contract address below and paste to add BFC.
- BFC Contract Address: 0x0c7D5ae016f806603CB1782bEa29AC69471CAb9c
5. When you have completed all above, you can start purchasing BFC with ETH. Enter the amount of ETH and Uniswap will automatically calculate the amount of BFC you can purchase. Click Swap to continue.
6. Click Confirm Swap.
7. Since Uniswap runs on top of Ethereum, users have to pay gas fees whenever they process a transaction. After clicking Confirm Swap, you need to choose the gas price. The result of the transaction will show in a pop-up.
On a side note:
⚠️ Currently, BFC is not yet registered on Uniswap. The following instructions and logos, such as BFC token logo and BFC/ETH pool, have been created for explanation purposes. You will be able to follow through these instructions on the day of the IDO, on December 1, 2020 11:00 AM UTC.
About Bifrost
Bifrost is a middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Bifrost is not restrained to a single Blockchain, and creates a new environment where developers can combine the best protocols. Developers are able to use Bifrost to develop a substantially more scalable and flexible DApp by selecting the target blockchain on Bifrost.
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