Tokamak Network coin selling transaction graphic tutorial

To sell TOKA tokens on the Tokamak DEX, users must create an account, fund it with TOKA, place a sell order, monitor their order, and receive the USDC proceeds upon order fulfillment.

Dec 30, 2024 at 04:19 am

Key Points:

• Overview of Tokamak Network and its TOKA token
• Step-by-step guide to selling TOKA tokens on the Tokamak DEX
• Comparison of fees and advantages of different platforms for selling TOKA

Overview of Tokamak Network and TOKA Token:

Tokamak Network is a decentralized finance (DeFi) platform that enables users to trade, lend, and borrow digital assets in a secure and user-friendly environment. The network's native token, TOKA, is used as a utility token for transaction fees, governance, and staking rewards.

Step-by-Step Guide to Selling TOKA Tokens on the Tokamak DEX:

1. Create a Tokamak DEX Account:

   • Visit the Tokamak Network website and click on "Open an Account."
   • Follow the on-screen instructions to create a user account.

2. Fund Your Account with TOKA:

   • Transfer TOKA tokens from another wallet or exchange to your Tokamak DEX account.
   • You can use the "Deposit" button to generate a deposit address.

3. Place a Sell Order:

   • Go to the "Trade" page and select the TOKA/USDC trading pair.
   • Enter the number of TOKA tokens you want to sell and the desired sell price.
   • Click on "Sell" to place the order.

4. Monitor Your Order:

   • Your order will be displayed on the "Orders" page.
   • You can cancel or modify your order before it is filled.

5. Receive Proceeds:

   • Once your order is filled, the USDC proceeds will be credited to your Tokamak DEX account.
   • You can withdraw the proceeds to your wallet or use them for other trades.

Comparison of Fees and Advantages of Different Platforms for Selling TOKA:

• Tokamak DEX:

  • Transaction fee: 0.25% taker fee, 0.15% maker fee
  • Advantages: Regulated, high liquidity, user-friendly interface

• Uniswap:

  • Transaction fee: 0.3%
  • Advantages: Decentralized, no account required, wide token selection

• Binance:

  • Transaction fee: 0.1% maker fee, 0.1% taker fee
  • Advantages: High liquidity, high transaction volume, fiat on-ramp

FAQs:

Q: What is the minimum amount of TOKA I can sell on the Tokamak DEX?
A: There is no minimum order size for selling TOKA on the Tokamak DEX.

Q: How long will it take for my TOKA sell order to be filled?
A: The time it takes for an order to be filled depends on the liquidity of the market and the size of your order.

Q: Can I sell TOKA on the Tokamak Network using a hardware wallet?
A: Yes, you can connect a hardware wallet to the Tokamak DEX through Web3, enabling you to sell TOKA tokens securely.

Q: What are the withdrawal fees for USDC from the Tokamak DEX?
A: The withdrawal fee for USDC from the Tokamak DEX is 0.1 USDC.