If you’re new to buying tokens or if you’re unfamiliar with Trader Joe’s platform, don’t worry! This step-by-step tutorial is designed to provide you with the knowledge and guidance you need to make sure you’re fully prepared when the EMDX Token Generation Event (TGE) kicks off on May 30th. Let’s embark on this journey together!
Step-by-step Tutorial on how to swap into EMDX tokens on Trader Joe's:
1.Set up your wallet
To gain access to the Trader Joe's platform and purchase EMDX tokens, you need to install a wallet that will store the $AVAX required for token purchase and also store the tokens themselves.
2. Fund your wallet with $AVAX
To participate in the EMDX TGE, you will need to have $AVAX tokens in your wallet. To obtain $AVAX tokens, you can use any major cryptocurrency exchange that supports AVAX.
3. Connect your wallet on the Trader Joe’s platform Go to https://traderjoexyz.com/avalanche and click on the “Connect Wallet” button located in the upper right side. Sign in to your wallet account.
4. Go to the EMDX/AVAX to participate in the EMDX TGE
Head to the Trade page on the platform.
The Trade panel will be featured on the right-hand side of the page.
Select the drop-down arrows to open the Token List, search for the EMDX token by typing its name or entering the contract ID: 0xe533B81297B820D2Eb2cd837263926596328E8D2
5. Swap AVAX into EMDX tokens
Enter the amount of EMDX tokens you want to trade and click the “Swap” button and confirm the transaction on your wallet. You can check all the trade information by clicking the down arrow.
After completing the swap, make sure to add the EMDX token to your wallet by clicking the “Add EMDX to Wallet” button below the trading panel.
For detailed information and instructions on how to use the “Swap” panel, please refer to the official Trader Joe's documentation.
6. Settings
Remember, you can always manage your trade risks by clicking on the “Settings” icon located on the upper right side. From there, you can adjust the slippage tolerance, and transaction deadline, and choose to activate or deactivate the Safe Mode, which helps prevent high-price impact trades (Please note that disabling Safe Mode is not recommended and should be done at your own risk).
7. That’s it!
How the strategy is going to work: Floor Price
The EMDX strategy involves redistributing the $AVAX tokens obtained from each bin to the Floor Price bin, aiming to maintain and predictable support level price during the token launch. While the EMDX team may reallocate the accumulated $AVAX across the range from the Floor Price bin to the current bin for enhanced price stability, we cannot guarantee this measure at this time because it is dependent on market conditions. Therefore, we strongly advise against selling EMDX tokens, as there may not be sufficient liquidity for your sell order to find bids near current price levels.
At the end of the process
After the successful completion of the Token Generation Event (TGE) at Trader Joe's (June 1st at 10 a.m. UTC), the accumulated $AVAX and $EMDX tokens will be withdrawn in alignment with the objective of this pool, which has been specifically designed for the launch of the EMDX token.
Additionally, in the near future, a new pool will be set up at Trader Joe’s for the remaining $EMDX tokens.
We’re gearing up for an incredible event, and we’re thrilled to have you with us!
Let’s go EMDX!
