How to Trade Your WAT and jGMEE Tokens on STON.fi: A Step-by-Step Guide

3 min readSep 29, 2024

Introduction

The decentralized finance (DeFi) space is growing rapidly, with platforms like STON.fi leading the way by offering fast, secure, and cost-effective trading solutions on the TON blockchain. Among the various tokens supported, WAT Protocol (WAT) and jGMEE are two standout assets gaining popularity due to their functionality within the governance and gaming ecosystems. This article will provide a detailed guide on how to trade your WAT and jGMEE tokens on STON.fi, taking advantage of its smooth cross-chain swaps, low fees, and user-friendly design.

Why Trade on STON.fi?

STON.fi’s decentralized exchange (DEX) offers several advantages, including:

Fast transactions powered by the TON blockchain.
Low fees compared to many other DEXs, allowing for more frequent trading without high costs.
Cross-chain functionality without the need for bridges or wrapped tokens, making it easy to swap tokens across different blockchain networks seamlessly.

Step 1:

Set Up a Compatible Wallet
Before trading your WAT or jGMEE tokens, you’ll need a TON-compatible wallet like Tonkeeper or Tonhub. These wallets are easy to use and allow you to store your WAT, jGMEE, and other tokens securely.

Download and set up your preferred wallet.
Transfer your WAT and jGMEE tokens into your wallet. You can do this by sending them from an exchange or another wallet that holds your assets.

Step 2:

Connect Your Wallet to STON.fi
Visit the STON.fi website and click on the “Connect Wallet” button.

Choose your wallet provider (e.g., Tonkeeper or Tonhub) and approve the connection.
Once connected, your token balances, including WAT and jGMEE, should appear on the platform’s dashboard

Step 3:

Locate the WAT/jGMEE Trading Pairs
STON.fi allows you to trade WAT and jGMEE against popular tokens such as TON or other available assets. Here’s how to find the right trading pairs:

Navigate to the "Swap" section on the platform.
Use the search bar to find the WAT/TON or jGMEE/TON pair (or any other pair involving WAT or jGMEE).
Select the pair that matches the tokens you want to trade.

Step 4:

Execute the Trade

Input the Amount: Enter the amount of WAT or jGMEE you want to trade. The platform will automatically calculate how much of the target token (e.g., TON) you’ll receive based on current market rates.
Review Fees and Slippage: STON.fi provides transparency about the transaction fees and potential slippage. Given the low fees on the TON blockchain, you’ll typically pay far less than on other decentralized exchanges.
Confirm the Trade: After reviewing the details, click “Swap” to execute the trade. Your tokens will be swapped almost instantly due to the high throughput of the TON blockchain.
Receive Your Tokens: The swapped tokens will appear in your wallet within seconds. You can view your updated balances on STON.fi or directly within your wallet.

Step 5:

Add Liquidity:
If you want to earn rewards while holding your tokens, consider providing liquidity for the WAT/TON or jGMEE/TON pairs. Here’s how:

Go to the “Liquidity” section of STON.fi.
Select the WAT/TON or jGMEE/TON liquidity pool.
Add equal amounts of both tokens to the pool to receive Liquidity Provider (LP) tokens.
These LP tokens will entitle you to a share of the trading fees generated by that pool, providing a steady stream of passive income.

Conclusion
STON.fi makes it incredibly easy to trade your WAT and jGMEE tokens thanks to its user-friendly interface, low fees, and fast transaction times. Whether you're trading for profit or providing liquidity to earn passive income, STON.fi offers a robust platform for engaging with the decentralized finance ecosystem.

Visit STON.fi todat at (https://app.ston.fi/swap?chartVisible=false&chartInterval=1w&ft=TON&tt=STON) and start trading your WAT and jGMEE tokens to unlock the full potential of your assets on the TON blockchain

For more info on how to trade other tokens 👇🏽👇🏽

https://ston.fi/buy-sell-hmstr-token-price