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Trading

Trading on WicSwap

WicSwap's trading interface allows you to swap any WicChain-compatible tokens instantly through our automated market maker (AMM) protocol. No order books, no waiting for matches - just instant swaps at market prices.

How Trading Works

WicSwap uses an Automated Market Maker (AMM) model powered by liquidity pools. Instead of matching buyers and sellers, trades are executed against liquidity pools using mathematical formulas to determine prices.

Key Concepts

  • Liquidity Pools: Smart contracts containing token pairs that facilitate trading
  • Slippage: Price impact caused by your trade size relative to pool liquidity
  • Price Impact: How much your trade affects the token price
  • Trading Fees: 0.25% fee split between liquidity providers and protocol

Getting Started

1. Connect Your Wallet

First, you'll need to connect a Web3 wallet to WicSwap:

  1. Visit wicswap.com (opens in a new tab)
  2. Click "Connect Wallet" in the top right
  3. Select your wallet (MetaMask, WalletConnect, etc.)
  4. Approve the connection

2. Add WicChain Network

If this is your first time using WicChain, add the network to your wallet:

Network Name: WicChain Mainnet
RPC URL: https://rpc.wicchain.org
Chain ID: 8899
Currency Symbol: WIC
Block Explorer: https://explorer.wicchain.org

3. Get WIC Tokens

You'll need WIC (WicChain's native token) to pay for transaction fees:

  • Bridge tokens from other chains using our Cross-Chain Bridge
  • Purchase WIC on supported centralized exchanges
  • Receive WIC from other users

Making Your First Trade

Step-by-Step Trading Guide

  1. Navigate to Trade Page
  • Go to the "Trade" section on WicSwap
  • You'll see the swap interface with two token selection fields
  1. Select Tokens
  • From: Choose the token you want to sell
  • To: Choose the token you want to buy
  • Use the search function to find specific tokens
  1. Enter Amount
  • Input the amount you want to trade
  • The interface will automatically calculate the output amount
  • Review the price impact and slippage
  1. Review Trade Details
  • Check the exchange rate
  • Verify slippage tolerance (default: 0.5%)
  • Review minimum received amount
  • Confirm trading fee (0.25%)
  1. Execute Trade
  • Click "Swap"
  • Review the transaction in your wallet
  • Confirm the transaction
  • Wait for confirmation on WicChain

Advanced Trading Features

Slippage Settings

Adjust slippage tolerance based on market conditions:

  • 0.1%: For stable trading pairs with high liquidity
  • 0.5%: Default setting for most trades
  • 1-2%: For volatile or low-liquidity tokens
  • Custom: Set your own percentage

Price Impact Warning

WicSwap shows price impact warnings:

  • Green (< 1%): Low impact, safe to trade
  • Yellow (1-3%): Moderate impact, proceed with caution
  • Red (> 3%): High impact, consider splitting the trade

Multi-hop Routing

For token pairs without direct liquidity pools, WicSwap automatically finds the best route through intermediate tokens:

USDT → WICS → ETH
(if no direct USDT/ETH pool exists)

Trading Fees Structure

Fee TypeRateDistribution
Trading Fee0.25%0.17% to LP providers, 0.08% to protocol
Network FeeVariablePaid to WicChain validators

Trading Tips

Minimize Costs

  • Trade during low network congestion for lower gas fees
  • Use limit orders when available to avoid price impact
  • Combine smaller trades instead of multiple small transactions

Maximize Efficiency

  • Check multiple routes for better prices on large trades
  • Monitor price impact especially for large orders
  • Set appropriate slippage to avoid failed transactions

Security Best Practices

  • Verify token addresses before trading unknown tokens
  • Start with small amounts when trading new tokens
  • Use hardware wallets for large transactions
  • Double-check transaction details before confirming

Supported Token Standards

WicSwap supports various token standards on WicChain:

  • WRC-20: Standard fungible tokens (like ERC-20)
  • Wrapped Tokens: bridged assets from other chains
  • LP Tokens: Liquidity provider tokens from pools

Common Trading Scenarios

Buying WICS Token

1. Connect wallet with WIC for gas
2. Select WIC → WICS
3. Enter WIC amount
4. Confirm swap

Trading Stablecoins

1. High liquidity pairs: USDT/USDC
2. Low slippage required
3. Minimal price impact

Arbitrage Trading

1. Monitor price differences
2. Execute quick swaps
3. Consider gas costs and slippage

Troubleshooting

Transaction Failed

  • Increase slippage tolerance
  • Check if you have enough WIC for gas
  • Ensure token has sufficient liquidity

High Price Impact

  • Split trade into smaller amounts
  • Wait for better liquidity conditions
  • Consider alternative trading routes

Tokens Not Appearing

  • Check if tokens are imported to your wallet
  • Verify you're connected to WicChain network
  • Refresh the page and reconnect wallet

Ready to start trading? Visit WicSwap (opens in a new tab) and experience fast, low-cost DeFi trading on WicChain!

Getting StartedLiquidity Pools