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:

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".