How do the Auctioneers Claim Tokens on TokenSwap?

Tokenswap
2 min readFeb 8, 2021

Many users have been very supportive of TokenSwap since its official launch. More than 600 auction pools have been already created on TokenSwap. TokenSwap has always been fighting against fake tokens and auction pools. We take this issue seriously as some users have suffered loss from buying fake tokens.

In response to this problem, risk warnings have been recently added to the official website and some fake projects will be blocked. For some well-known projects, TokenSwap will automatically block auction pools established with fake contract addresses. At present, we only block fake TOP auction pools with incorrect contract addresses. More tokens will be supported in the future.

The addition of new features has caused the sorting logic adjustment and many auctioneers fail to find back their tokens.

We recommend that users note down their auction pool names, swap ratio and token names when creating an auction pool, so that the auction pools can be found more quickly. More efficient searching methods will be available in the near future.

If part of the tokens fail to be auctioned by the end of the duration, the auctioneers need to manually redeem the remaining tokens.

Next, we explain how to redeem the tokens.

  1. Firstly,you need to search the auction pool you created before in the search bar

2. Click “Join” to enter the auction pool you created. Swipe to the bottom of the auction pool and click “Claim Remain Token” .

3. Confirm the transaction in the wallet.

4. When block confirmation is completed, the tokens will be sent to the wallet.

Enjoy your auction journey with TokenSwap now!

TokenSwap website:https://ht.tokenswap.finance (Heco)

https://www.tokenswap.finance (ERC20)

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Tokenswap

https://tokenswap.finance Decentralized Token Auction Platform | $Top | TokenSwap=DeFi+Sotheby’s+Opensea