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:
If you prefer to read:
Four Steps are needed:
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".
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