How to use #Uniswap
Uniswap is a application run on the Ethereum blockchain that allows tokens to be exchanged in a decentralized manner. It works with the help of unicorns. (You can find out by looking at it’s logo.
Traders can exchange Ethereum tokens without anyone going through Uniswap. Free transactions are possible even if cryptocurrency transactions are regulated at the national level .In addition, anyone can lend their cryptocurrency to a special store called a liquidity pool! In return for providing funds to the pool, a fee will be paid to the liquidity provider.
How does a magic unicorn convert a particular token into GXT?
What do you need to use Uniswap?
Then, you need to Connect Wallet
Did you come into the Uniswap website? Good!
Step2. Click the pink button [Launch App] at the top right.
Step3. Click [Select a token] — [Manage Token Lists]
Step4. Turn on the button of these 4 categories
Step5. Back to [Select a token] — [ Enter GXT in the blank]-[Click ‘GXT’]
Step6.After entering the amount to swap, click [Connect Wallet]
Things to Remember
- You need to have extra Ethereum. Uniswap use Ethereum as fee when swapping.
- Please note that Ethereum is used as a fee when you move your wallet.