Token Swap Network
Bacon chain’s Token Swap Network (TSN) is a point-to-point (P2P) token trading system for swapping cryptocurrencies and smart contracts. Unlike buying and selling, it is a process by which a token is converted for another token at an estimated rate. Token swap will only take place when an order matches the other. It is a matching platform that allows individuals to swap their tokens freely in the market with no involvement in buying/selling activities. The Token Swap Network includes the following services: market, place order, my order, history, and value.
MARKET, allows you to reference all types of tokens in the market and its market trends.
PLACE ORDER, is where you place an order for token swaps.
MY ORDER, is where you view all the order that you have placed.
HISTORY, is to check all records in the market.
VALUE, shows all coins/tokens within a-twenty-four hour market change.
Steps for placing an order for token swap
Step 1 — Open your wallet with e-mail address.
Step 2 — Click on the “SWAP” button above.
Step 3 — Click the “PLACE ORDER” on the top.
Step 4 — Placing an order
4–1: Chose a token to swap out.
4–2: Insert the quantity you want to swap for.
4–3: Select the token you want to swap, and the system will automatically convert the number of tokens exchanged according to the current market, then click “ORDER NOW!”
*Note: You may click “MY ORDER” to review each order that has been placed. After each successful swap, you may find all records under the “HISTORY”.
Tips for a quick swap
Step 1- When login, click on the “MARKET”.
1–1: Select a token to swap with.
1–2: Select a token to receive
Step 2: Choose an order and click “SWAP”. It will jump to the order page with a fix number from the order you selected, then click “SWAP” to complete the swap.
How to cancel my order?
You may cancel any order under “MY ORDER”. Click “CANCEL ORDER” to cancel your order.
*Note: You cannot cancel your order after the order has been swapped.
Token swap fee
After completing the swap, Token Swap Network charges a 0.5% fee of tokens (tokens that you selected to swap out) and a 0.1% fee of handling charge within the bacon chain service. So please ensure that there are enough tokens in your bacon wallet before each order is placed. The swap fees will charge against both maker and taker.
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