NEOPIN Web and Swap service have been launched. Please follow the instructions below to use the Swap service on the NEOPIN Web.
1. Connect your wallet
In order to use Swap on the NEOPIN Web, you need to connect your NEOPIN Wallet first. Please follow the steps below to connect your wallet to the web for full access to the NEOPIN Web services.
1️⃣ Click [Connect Wallet] in the upper right corner of the NEOPIN Web to activate the QR code.
2️⃣ Open the NEOPIN App and scan the QR code displayed on the screen.
There are two ways to scan the QR code.
First,
- Tap [QR Scan] at the top of the home screen.
- Scan the QR code with the running camera.
- Tap [Connect] on the confirmation page to complete the connection.
Second,
- Tap [Settings] — [NEOPIN Wallet Connect] in the app.
- Select [Connect Wallet] to scan the QR code with the running camera.
- Tap [Connect] on the confirmation page to complete the connection.
3️⃣ Now you are ready to use the NEOPIN Swap service on the web.
2. Swap
1️⃣ Select the [Swap] tab to go to the Swap screen.
2️⃣ You can select the token to swap by selecting the token symbol icon in the [From] column. Similarly, you can select the token to be swapped for by selecting the token symbol icon in the [To] column.
3️⃣ After selecting a token in each column, enter the amount of tokens to be swapped. Then review the expected details below and click the [Swap] button. An approval request screen will show up in the NEOPIN App.
- 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.
4️⃣ [Confirm] the request displayed in the NEOPIN App, and complete OTP authentication to successfully swap your assets.
📌 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.
3. Slippage Tolerance
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 Click 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.
4. 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 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.
📌 You can hide or show the graph by pressing the graph button at the top left of the swap screen.
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