Token Swapping
Swapping tokens on XenDEX is built to be efficient and user-friendly, taking advantage of the X1 Blockchain’s high speed and cost-effective transactions powered by XN.
How to Swap
Navigate to Swap Start by selecting the Swap option from the top navigation menu on XenDEX. Ensure that your Backpack wallet is connected and has enough XN to cover the gas fees for your transaction.
Select Tokens Choose the tokens you want to swap by using the drop-down menu or by pasting a token address. For instance, you might swap from XN to DEX (the governance token on XenDEX).
Enter Amounts Enter the amount you’d like to swap or the amount you wish to receive. XenDEX will calculate the best rate available based on the liquidity in the pool. When everything looks good, click Swap.
Confirmation After the transaction is confirmed on-chain, your balance should update shortly to reflect the new tokens. If you don’t see the change immediately, wait a few moments for your wallet balance to refresh.
Congratulations! You’ve completed your first swap on XenDEX and experienced the speed and efficiency of the X1 Blockchain.
Important Considerations When Swapping
Price Impact: This shows the impact of your trade on the token price, especially in pools with lower liquidity. Keep an eye on this to avoid unexpected price shifts.
Minimum Received: This is the minimum amount of tokens you’re guaranteed to receive from the swap, helping you avoid excessive slippage.
Slippage Tolerance: Customize the acceptable slippage (price difference) by adjusting the setting in the swap interface, found by clicking the slippage icon.
Handling Timeouts and Transaction Speed
If you encounter a Timeout error, it means the transaction didn’t reach the chain. Try increasing the priority fee slightly (paid in XN) to prioritize your transaction, but be mindful of the cost as higher fees don’t guarantee inclusion.
With DEX as the governance token and XN as the fuel for transactions, XenDEX offers a flexible, high-speed trading experience within the X1 ecosystem. Happy swapping!
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