Token Swap Step-by-Step Guide
The Token swap is officially live! Have you already swapped your tokens for coins in order to run a node? If not — make sure to follow this step-by-step guide in order to make sure you’re informed and prepared.
Token Swap Step-by-Step Guide
Table of contents
- How to set up Essentia Desktop and wallets.
- How to swap Essentia ERC-20 tokens for ESSX.
- How to swap ESSX for Essentia ERC-20 tokens.
Requirements:
- Latest Essentia Desktop version.
- Ethereum address that holds Essentia ERC-20 tokens.
- Essentia coin wallet.
How to set up Essentia Desktop and wallets?
🛈 Make sure you are running the latest available Desktop application. It can be downloaded on the official website.
- Create Essentia Desktop account.
2. Import your Ethereum address.
For instance, it may be your account from Metamask, which holds Essentia ERC-20 tokens.
To do that:
- Get the wallet’s private key,
🛈 Here is a how-to for Metamask
- Hit the Import button at the top.
- Choose Ethereum wallet on the list.
- Provide the particular wallet private key and give it any name you wish.
- The wallet is added and shown on the left sidebar.
3. Add the Essentia token.
- Reach your wallet on the left sidebar.
- Press ‘+’ below it
- Select Essentia on the list and hit Add.
- The token shows up below your wallet.
4. Add Essentia coin wallet.
- Click on the ‘+’ button at the top.
- Select Essentia Coin on the list.
- Hit Add.
- The Essentia coin wallet shows up on the left sidebar.
How to swap Essentia ERC-20 tokens for ESSX?
- Select the Essentia ERC-20 token tied to the wallet you wish to swap from and hit the Token Swap button.
2. Enter the number of tokens you wish to swap for coins and hit Swap.
3. Select the Essentia coin wallet you wish to send the coins to.
4. Check your transaction.
🛈 Usually, the swap is executed within 1–2 minutes. However, if the blockchain is loaded with lots of transactions, it may take longer than expected.
How to swap ESSX for Essentia ERC-20 tokens?
- Select the Essentia coin wallet you wish to swap from and hit the Token Swap button.
2. Enter the number of ESSX and click on the Swap option.
3. Select the Ethereum wallet you wish to send the tokens to.
4. Check your transaction.
🛈 Usually, the swap is executed within 1–2 minutes. However, if the blockchain is loaded with lots of transactions, it may take longer than expected.
With that, your token swap is complete! If you have any questions or issues, you can always contact us on our official Telegram channel or via support@essentia.one.
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