DENA(Decentralized Nations) is a token issued for SMATOOS’ Decentralized Nations project. Users can trade DENA with Ethereum in Uniswap and DAI in Balancer, two of leading Decentralized Exchange (DEX) services. First of all, you need a Ethereum wallet that is compatible with ERC20 to use DEX, such as Uniswapp or Balancer. In this article, I will explain with Metamask Ethereum Wallet. Get Metamask Ethereum Wallet if you don’t have it already.
UNISWAP
In Uniswap, you need Ether in your wallet to exchange with DENA.
Step 1:
Go to the link below.
Step 2:
If the screen below appears, check the “I understand” box and click the Continue button.
Step 3:
Press the “Connect Wallet” button to link your Metamask Wallet.
Step 4:
You can choose a wallet that you would like to connect. In this article, I will select Metamask.
Step 5:
Metamask will ask if you want to connect to Uniswap as shown below. Select the account you want to connect to and click Next to complete the connection.
Step 6:
You’re all ready. When you enter the link in Step1, From is automatically set to ETH, and To is automatically set to DENA. If FROM/TO is not set as desired, choose each drop-down menus to set From: ETH and To: DENA.
You can set To:DENA by pasting address shown as below.
- 0x15F0EEDF9Ce24fc4b6826E590A8292CE5524a1DA
Now enter the amount of Ether you want to change and check the DENA you will receive and the fee to pay (0.3%). Click“Swap”button.
Step 7:
There will be another confirmation window. Check the information and click “Confirm”.
Step 8:
When the transaction confirmation window appears in your wallet as shown below, check the Gas Fee amount and click “Confirm”.
After a few minutes, the purchased DENA will be sent to your wallet. You can find it in the Asset and Activity window of your wallet.
BALANCER
In Balancer, you need Ether in your wallet to exchange with DENA.
Step 1:
Go to the link below.
Step 2:
Press the “Connect Wallet” button in the upper right corner to link your Metamask Wallet.
Step 3:
You can choose a wallet that you would like to connect. In this article, I will select Metamask.
Step 4:
Screen will pop up that asks if you want to connect your wallet account to Balancer. Select the account that you want to connect to and click the “Next” button.
Step 5:
You must allow Balancer to withdraw DAI from your wallet. Click “Unlock”.
Step 6:
A window will appear in your wallet asking if you want to allow Balancer to withdraw DAI as shown below. Click “Approve”.
Step 7:
After a few minutes when the previous transaction is complete, the “Swap” button will appear as the Balancer screen changes as shown below. Now enter the amount of DAI you want to change and check how much DENA you will receive. When you are done, click “Swap”.
Step 8:
When the transaction confirmation window appears in your wallet as shown below, check the Gas Fee amount and click “Confirm” to finish.
After a few minutes when the transaction is complete, the purchased DENA will be sent to your wallet. You can find it in the Asset and Activity window of your wallet.
