Trade SMR Layer 1 Tokens with IOTA

Shimmer Layer 1 tokens may include but are not limited to: SMR, SOON, FEE, etc. We will use SMR as an example here, but operations for all Layer 1 tokens will be exactly the same.

Video Tutorial:

https://youtu.be/WCc0Lg_0CHQyoutu.be

If you prefer to read:

Four Steps are needed:

1. Connect to Your Wallet;

2. Enter Swap Details ;

3. Confirm

4. Pay.

Please follow them step by step.

STEP 1: Connet to Iotabee with you Tanglepay Wallet

• Only Tanglepay Wallet is supported for now to trade SMR L1 tokens with IOTA.

• Connect your Tanglepay wallet through the top-right corner. You need to enter your password in the pop-up window and sign in to confirm the connection

• If connected correctly, you shall be able to see your SMR or IOTA balance accordingly in the Tanglepay web extension and your iotabee profile in the top-right corner.

STEP 2: Select token, amount, and slippage.

• Select the token and swap amount. When you input one side of the swap amount, the amount for the other side will be automatically calculated based on the current price.

• The slippage is set to 0.5% by default. You can adjust it by clicking the "Setting" icon on the top right of your swap window.

• If the slippage is too low, your transaction may fail; if it is too high, you may end up trading at an undesirable price. So we recommend you use the default setting.

STEP 3: Check all the transaction information, and confirm

• Make sure you are swapping to the correct wallet address before you confirm! Doublechecking is always prefered!

STEP 4: Pay

• Enter your password in the pop-up window of Tanglepay and pay.

🥳You’re all set! Now you can check the transaction details in "Recent transactions".