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Tokamak Network coin selling transaction graphic tutorial
To sell TOKA tokens on the Tokamak DEX, users must create an account, fund it with TOKA, place a sell order, monitor their order, and receive the USDC proceeds upon order fulfillment.
Dec 30, 2024 at 04:19 am
Key Points:
- Overview of Tokamak Network and its TOKA token
- Step-by-step guide to selling TOKA tokens on the Tokamak DEX
- Comparison of fees and advantages of different platforms for selling TOKA
Overview of Tokamak Network and TOKA Token:
Tokamak Network is a decentralized finance (DeFi) platform that enables users to trade, lend, and borrow digital assets in a secure and user-friendly environment. The network's native token, TOKA, is used as a utility token for transaction fees, governance, and staking rewards.
Step-by-Step Guide to Selling TOKA Tokens on the Tokamak DEX:
Create a Tokamak DEX Account:
- Visit the Tokamak Network website and click on "Open an Account."
- Follow the on-screen instructions to create a user account.
Fund Your Account with TOKA:
- Transfer TOKA tokens from another wallet or exchange to your Tokamak DEX account.
- You can use the "Deposit" button to generate a deposit address.
Place a Sell Order:
- Go to the "Trade" page and select the TOKA/USDC trading pair.
- Enter the number of TOKA tokens you want to sell and the desired sell price.
- Click on "Sell" to place the order.
Monitor Your Order:
- Your order will be displayed on the "Orders" page.
- You can cancel or modify your order before it is filled.
Receive Proceeds:
- Once your order is filled, the USDC proceeds will be credited to your Tokamak DEX account.
- You can withdraw the proceeds to your wallet or use them for other trades.
Comparison of Fees and Advantages of Different Platforms for Selling TOKA:
Tokamak DEX:
- Transaction fee: 0.25% taker fee, 0.15% maker fee
- Advantages: Regulated, high liquidity, user-friendly interface
Uniswap:
- Transaction fee: 0.3%
- Advantages: Decentralized, no account required, wide token selection
Binance:
- Transaction fee: 0.1% maker fee, 0.1% taker fee
- Advantages: High liquidity, high transaction volume, fiat on-ramp
FAQs:
Q: What is the minimum amount of TOKA I can sell on the Tokamak DEX?
A: There is no minimum order size for selling TOKA on the Tokamak DEX.
Q: How long will it take for my TOKA sell order to be filled?
A: The time it takes for an order to be filled depends on the liquidity of the market and the size of your order.
Q: Can I sell TOKA on the Tokamak Network using a hardware wallet?
A: Yes, you can connect a hardware wallet to the Tokamak DEX through Web3, enabling you to sell TOKA tokens securely.
Q: What are the withdrawal fees for USDC from the Tokamak DEX?
A: The withdrawal fee for USDC from the Tokamak DEX is 0.1 USDC.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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