In this article, we will walk you through the steps to buy $PROPC, Propchain’s native utility token, on Uniswap.
🚨 Disclaimer: This illustration serves purely as a reference. Propchain shall not be liable for any financial losses resulting from transfers on exchanges. Always refer to the specific guidelines of each exchange before conducting any cryptocurrency transactions.
Uniswap is a popular decentralized exchange that is built on the Ethereum blockchain, allowing users to trade ERC-20 tokens like $PROPC from their wallets.
Before proceeding, ensure that you have an Ethereum MetaMask wallet and sufficient ETH balance to cover potential transaction fees.
Step 1: Accessing Uniswap
Open your preferred web browser and go to the Uniswap website (https://app.uniswap.org).
Step 2: Connect your Wallet
Click on the “Connect Wallet” button located in the top-right corner of the Uniswap interface.
A pop-up window will appear, presenting you with various wallet options. Choose MetaMask, and follow the prompts to connect your wallet to Uniswap.
Step 3: Selecting $PROPC
Once your wallet is connected, click on the “Select a Token” button.
In the search bar, enter “$PROPC” to find the $PROPC token.
Once the token appears, click on it to select it.
Step 4: Adjusting Slippage Tolerance (Optional step)
In some cases, it may be necessary to adjust the slippage tolerance to ensure your trade is executed successfully.
Click on the “Settings” button located in the top-right corner of the Uniswap interface.
Under the “Transaction Settings” section, adjust the “Slippage Tolerance” to a higher value if needed (e.g., 1%).
Close the settings window to return to the main interface.
Step 5: Setting the Amount to Buy
In the “From” field, enter the amount of ETH you wish to exchange for $PROPC. Alternatively, you can use the “Max” button to swap your entire ETH balance for $PROPC.
The estimated amount of $PROPC you will receive will be displayed in the “To” field.
Step 6: Reviewing Transaction Details
Double-check the transaction details, including the amount of ETH you are exchanging and the estimated amount of $PROPC you will receive.
Ensure that you have enough ETH to cover the transaction fees.
Step 7: Confirming the Trade
Click on the “Swap” button to initiate the transaction.
A pop-up window will appear, presenting you with the transaction details and fees. Review the information carefully.
If everything looks correct, click on the “Confirm Swap” button.
Your wallet will prompt you to review and approve the transaction. Follow the prompts to confirm the trade.
Step 8: Monitoring the Transaction
Once the transaction is confirmed, you will see a confirmation message on the Uniswap interface.
You can track the progress of your transaction on the Ethereum blockchain by clicking on the transaction hash link provided.
Congratulations! You have successfully purchased $PROPC on Uniswap. The tokens will be transferred to your wallet once the transaction is confirmed on the Ethereum blockchain. If you want to buy more $PROPC on Uniswap you can always check this guide.
Remember, every investment carries risks. At Propchain, we’re committed to transparency and are here to guide you through your investing journey. Always feel free to ask us any questions you might have!