How to Create/Participate in Heco Token Auctions on TokenSwap?
In order to facilitate investors to keep informed about popular projects and usage procedures, Jinse Finance has launched a series of “Jinse Manual” tutorials. This article is jointly launched by Jinse Finance and TokenSwap.
Risk warning: The “Jinse Manual” tutorials will provide you with the usage and related information released by the project. We never give investment advice. Invest at your own risk and stay alert!
TokenSwap is a decentralized auction platform, where the auctioneers or community members can release token auctions without being required to do KYC.
Huobi recently launched the Heco Chain and rapidly expands DeFi market with low gas fees, fast transfers, and mainnet tokens reflection. Huobi official has released 30 Huobi listing offer and 50 investment quotas to encourage ecosystem construction.
Within one week, many Swaps have been launched on Hecochain. According to scan.hecochain.com, more than 700projects have deployed contracts, including trading, lending, and recently popular algorithmic “stable coin” projects.
If you are lucky enough to get the tokens of these projects, some of them get listed on Huobi, which enables huge potential. However, all of the tokens have not been listed on exchanges, it is difficult for the community to obtain, mainly through mining or OTC. Mining has a capital threshold and OTC is exposed to credit risks.
Tokenswap is born to resolve this problem.
·For auctioneers, launching high-quality projects on Hecochain enables the listing quotas and support from Huobi.
·For investors and traders, identification of high-quality projects and participation in auctions enable huge returns after listing on Huobi.
How to Deploy Projects/Auction Tokens on Huobi ECO Chain：
So, how to initiate or participate in token auctions on TokenSwap and obtain TOP liquidity mining rewards?
How do the auctioneers/investors create an auction pool on TokenSwap?
Firstly, we need to switch wallet network to HECO chain.
Take Metemask as an example:
Switch the network to RPC
Enter the parameters of Huobi ECO Chain：
Network Name：heco-mainnet
RPC URL：
https://http-mainnet.hecochain.com
ID：128
Currency Symbol：HT
Block Explorer URL：https://scan.hecochain.com
After the deployment, the wallet will be set as Huobi ECO Chain.
Open Huobi Global and withdraw tokens to the previously set Metamask address. (gas fees)
When the recharge is completed, access Huobi Eco-chain protocol address of TokenSwap:
(Noted that you need to switch Metamask to HECO environment, otherwise the website will display network error)
Click [Create a swap pool]
Fill in all parameters required, the auction can be successfully created.
How to participate in auctions?
Access https://ht.tokenswap.finance/
Switch Metamask to Heco network and select the project you are interested in.
Deposit HT to the previously set Metamask wallet address through Huobi (mentioned above)
Enter the amount you want to auction (unit: HT) and confirm.
Liquidity mining of TokenSwap auction protocol (coming soon):
As long as you have participated in the auctions on TokenSwap, you can receive liquid mining rewards based on the amount of HT (details will be released in the near future).
Open the homepage and click Claim Top reward.
If you can claim the reward, click Claim below.
*Liquidity mining rewards are released every 24 hours. Please claim the rewards before deadline, otherwise the Top tokens will be destroyed.
Risk Alert: TokenSwap is a Decentralized Auction Protocol.
Any auctioneers can create an auction pool on the platform.
Please Stay Alert About the Authenticity of the Project.
TokenSwap does not Give Any Investment Advice.
Invest at Your Own Risk!
