How to Use the Ontology DEX by Sesameseed

Instructions to unleash the power of Ontology tokens

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Logging in

1. Visit the website exchange.sesameseed.org.

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To Trade

Note: The number of tokens that can be traded in any one trade are limited in order to increase the accuracy of the predicted total price for the trade. Trades are limited to a certain percentage of the available liquidity pool of that token. This percentage is subject to change due to market conditions and the available liquidity pool of that token. The maximum amount that can be traded in any one transaction will always be displayed.

  1. Select the appropriate transaction type, i.e. if you are a buyer or a seller. Currently all transactions are relative to the base token.
  • If trading pair ONG/SEED = 5, the base token is SEED and each ONG is worth 5 SEED. This means that each SEED is worth 1/5 = 0.2 ONG. If you want to sell 1 SEED, you will need to click on Buy ONG and input ~0.2

Fees

1. The Ontology Network Fee — All on-chain transactions on the Ontology network use ONG to conduct a transaction. This network fee is determined by the Ontology network and is what triggers the on-chain smart contract that governs this exchange. The user must have enough ONG in their Cyano wallet to cover this fee or the trade will not execute. The network fee is approximately .02 ONG, but it can range between .01 ONG and .03 ONG.

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FAQs

Q: Why is my trade failing, or, Why am I getting an error message?

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This account is operated by Sesameseed to write articles about multichain staking and SEED. Learn more on our blog: medium.com/SesameseedOrg

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