NEOPIN Swap service has been launched. Please follow the instructions below to use the Swap service on the NEOPIN App.
1. Swap
1️⃣ Select the [Swap] tab to go to the Swap screen.
2️⃣ Click the token icon in the [From] column to select the token to swap. And click the token icon in the [To] column to select the token to be swapped for.
3️⃣ Enter the amount of tokens to be swapped.
- Swap will proceed only when you have more than the amount of tokens you wish to swap
4️⃣ Click the [Swap] button and review ‘Estimated Returns’.
- Please check the exchange rate, minimum swappable quantity, fees, and exchange route when proceeding with swaps.
5️⃣ After checking ‘Estimated Returns’, click the [Swap] button and proceed with OTP authentication to complete the swap.
📌 Exchange Rate
Swap transactions are based on the expected exchange rate. The larger the amount deposited in the pool, the greater the fluctuation of the expected exchange rate, resulting in a difference from the actual exchange rate. Before proceeding with the swap, be sure to check the difference between the actual and expected exchange rates.📌 Min. Trading Amount
This is the minimum guaranteed amount you can receive through Swap. Since the exchange rate is calculated in real time during the swap process, the expected exchange rate and the actual exchange rate may differ. Min. Trading Amount indicates the minimum amount of swaps guaranteed even if this difference occurs. However, if the actual swap amount is less than the minimum swap amount indicated, the swap will be canceled.📌 Amount Difference
The amount of tokens received after completion of the swap may differ from the expected quantity.
- Swap will proceed only when you have more than the amount of tokens you wish to swap.
- Please check the exchange rate, minimum swappable quantity, fees, and exchange route when proceeding with swaps.
2. Slippage
What is slippage?
If multiple users are swapping at once, the exchange rate will fluctuate rapidly, resulting in a difference between the actual amount and the expected amount. This difference is called slippage, and you can set the slippage range as you proceed with Swap. However, if the slippage exceeds the set allowable range, the swap will not proceed.
1️⃣ Tap the [Settings] button at the top right of the Swap screen to set the slippage tolerance.
2️⃣ You can set your slippage tolerance by choosing the default setting of 0.5%, selecting a different number, or entering it manually.
📌 When setting the slippage tolerance, if too low or too high a value is set, the transaction may not proceed or a loss may occur.
3. Swap Ratio Graph
The Swap Ratio Graph is provided to allow users to easily check the exchange rate change of the tokens to swap.
1️⃣ Set the tokens you wish to swap in the [From] and [To] columns.
2️⃣ Click the graph button at the top right of the swap screen.
3️⃣ You can see the exchange rate change for the transaction.
📌 A daily change graph is provided by default, and weekly and monthly graphs can also be checked by switching the upper tabs.
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