I’ve been using Uniswap.exchange for a little while now and its a decentralized exchange with a very simple interface that allows you to SWAP your ERC20 tokens extremely fast and easy. You are also able to add in your own ERC20 tokens if you want it tradeable there.
Since I had some HUNT tokens and the only place available for you to trade was in DAYBIT.COM , I’ve created a liquidity pool on UNISWAP.EXCHANGE and placed my HUNT Tokens there to swap out for some ETH or vice versa.
As you are able to see in the image above, HUNT token is now available on https://uniswap.exchange/swap
How to do it ?
Swapping the tokens is very easy. For ease of explanation and since I’m using it already, please install Metamask and use that as its an ERC20 compatible wallet.
Then you can Transfer from ReviewHunt to your ETH wallet.
Once you have done that, you can then head over to https://uniswap.exchange
And connect with your Metamask wallet
Once you are successful in connecting your wallet, you are now ready to swap HUNT for ETH or the other way around ETH – HUNT.
Since the HUNT token has just started trading you would not be able to search HUNT yet .. however, you would need the HUNT token contract address. You could get it off Etherscan or just copy the contract address below
HUNT TOKEN CONTRACT ADDRESS
All you have to do is to enter in the address above in the search bar and you would then be able to locate the HUNT tokens which is now ready for trade.
Depending on if you want HUNT tokens or ETH, you would just need to fill up the appropriate field.
Now please be aware that there is only so much HUNT tokens in circulation and the only pair which is available right now is ETH/HUNT. Do learn more about Uniswap exchange if you have time to understand it better.
How To Earn More by providing Liquidity
So, here comes the interesting part about Uniswap Exchange. Its a decentralized exchange where you are able to add liquidity to the pool, therefore you would be able to earn the transaction fees paid.
There is a lot of videos out there explaining this therefore I shall not get into too much detail about this.
However, you could add to the liquidity pool by adding either more Pairs ( creating an exchange ) or you could just add to the ETH/HUNT pairs.
Once you’ve added to the liquidity it enables more people to exchange or swap ETH for HUNT or whichever pairs you have created. And each time that happens, you get to earn the fees based on the Pool Share % that you hold.
So join me in adding more liquidity to HUNT tokens so that more people are able to use ReviewHunt and are able to exchange HUNT/ETH easily.
Do read more about Uniswap Exchange to understand it better as I found it really interesting and decided to provide liquidity to a few pairs to try these functions out.
Cheers and have a great day