Trade ERC314 tokens

The ERC314 standard introduces innovative trading functionalities that enhance user experience by simplifying transactions and offering advanced features like built-in Automated Market Maker (AMM) capabilities. This guide explores the various methods available for trading ERC314 tokens, each tailored to different user needs and preferences.

1. One-click swaps via direct transfers

Overview: Direct transfers involve sending ERC314 or native currency directly to the contract address, which automatically executes the swap all via one-click.

This method is ideal for users who don't want to connect their wallet to a website/dApp and still be able to trade tokens.

How it Works:

• Sending Tokens: Users can send ERC314 tokens directly to the contract address.

• Sending Native Currency: Alternatively, users can send native currency (e.g., AVAX) to the same contract address.

Benefits:

• Increased security

• Reduced gas fees

• No need for approvals

Considerations:

• It is suited for users looking for quick and straightforward transactions without the need for additional trading interfaces.

• This method includes a default slippage protection of 5%, which might lead to less favorable exchange rates during periods of high volatility or when large orders significantly impact the token's price.

Steps to Execute a Direct Transfer:

1. Identify the ERC314 contract address associated with the token you wish to swap.

2. Send the ERC314 tokens or native currency directly to this contract address.

3. The contract automatically processes the swap and sends the corresponding amount of the other currency to your wallet.

2. Trading via the APEX Platform

Overview: APEX offers a comprehensive trading platform that not only facilitates the exchange of ERC314 tokens but also provides enhanced features like charting tools, transaction history, and slippage protection.

Advanced Features:

• Charting Tools: Visualize trading patterns, historical price data, and market trends to make informed trading decisions.

• Transaction History: Access detailed logs of past transactions for record-keeping and analysis.

• Slippage Protection: Protects against significant price changes during a transaction, ensuring that users receive a minimum guaranteed number of tokens.

Benefits:

• Suitable for both novice and experienced traders due to its user-friendly interface and advanced trading functionalities.

• Enhances trading security and efficiency, minimizing risks associated with price slippage and market volatility.

Steps to Trade on APEX:

1. Connect your wallet via the connect button on the APEX platform.

2. Navigate to the trading interface and select the ERC314 tokens you wish to trade.

3. Set the amount you want to exchange and configure your slippage settings to suit your risk tolerance.

4. Review the transaction details and confirm the trade.

Conclusion

Trading ERC314 tokens can be efficiently conducted either through direct transfers for simplicity or via the APEX platform for a more secure and feature-rich trading experience. Users are encouraged to choose the method that best suits their trading style and security preferences.