Token Buying and Selling
How to Buy Tokens
To buy tokens:
Choose a market (cryptocurrency prediction or world event)
Decide whether you want to buy YES or NO tokens
Specify the amount of SOL you want to spend
Confirm the transaction
The platform will calculate the number of tokens you receive based on the current bonding curve price.
How to Sell Tokens
To sell tokens:
Select the market and token type (YES or NO) you want to sell
Specify the number of tokens to burn
Confirm the transaction
You'll receive SOL in return, with the amount determined by the current bonding curve price.
Impact on SOL Balance
Buying tokens decreases your SOL balance but increases your token balance. Selling tokens does the opposite, increasing your SOL balance while decreasing your token balance.
Earning MammothPoints
Remember that both buying and selling tokens can earn you MammothPoints. These points contribute to your position on the leaderboard and will be redeemable for $TUSK tokens in the future.
Market-Specific Considerations
Solana-based token markets: Consider current market trends and upcoming events on Solana that might impact the crypto asset's price or market cap.
World event markets: Evaluate the latest news and information related to the event before making your decision.
Tips for Token Trading
Start small: If you're new to prediction markets, start with smaller amounts to get familiar with the platform.
Monitor market sentiment: The current token prices can give you an idea of the market's prediction.
Consider the timeline: Be aware of the market's resolution date when making your trades.
Diversify: Consider participating in multiple markets to spread your risk.
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