📖Getting Started

Learn how to trade on TokenSight

To trade a token, first choose the target chain in the top left chain selector.

You can search a token by its symbol, address or pair address. The selected token data will be shown in the chart, along with the token-related info at the bottom left.

By default, the Buy -> Market options are selected in the trading component, which will trigger an instant buy of the token. You can create a limit order by selecting Buy -> Limit, or a sell order by selecting Sell -> Market, or a take profit order by selecting Sell -> Take Profit.

1. Submit a Trade

Submitting a trade is very simple. You need to select the desired wallet you are trading with, enter the amount to trade, and click Add Order. The default trade settings will work just fine for most trades.

Once you submit the order, you can track its progress in an info toast that shows up on the rop right corner of the application. You can view the transaction as its progressing on chain by clickcing the View Transaction button.

2. Customise Trade Settings

For each chain, you can customise the trade settings by clicking on the Cog icon in the trade menu. You can customise the trade settings for each chain and for each operation (buy/sell) in the Settings dialog shown below:

  • Private Tx: Submit the transaction through a private RPC, thus minimising the chances for the transaction to be frontran; the transaction is not submitted in the mempool right away. Only available for Ethereum.

Private transactions are not always included in a block. However this doesn't mean that you shouldn't use private transactions - in most cases you would not feel the difference. When a high Validator Tip is used (usually a value above 2), the private transactions enable better/faster execution. TokenSight has a timeout of 2 minutes for a private transaction to complete, otherwise it's marked as failed internally (although the transaction can be completed on the blockchain).

  • Slippage (%, after tax): The slippage for the trade; you can select auto for optimal slippage selection at execution time, or you can enter a custom slippage amount. The slippage you enter is calculated after token tax, if any. For example, if a token X has a tax of 4.25% and your entered slippage is 0.5%, the trade will be executed with a slippage of 4.75%. Auto slippage doesn't work when the transaction is not private.

Using high slippage amount while the transaction is not set as private, might result in sandwich attacks - you might get much less coins than desired.

  • Validator Tip (Gwei for EVM chains, Lamport for Solana): Include a tip to the validator to increase the chances of the transaction being included earlier. Works best with private transactions. Usually a value of 10-30 Gwei for EVM will almost certainly execute the transaction straight away and have it included in the first 10 transactions of a block.

  • Gas Mode: The Gas Mode for the transaction. This setting control the execution speed of the transaction. Higher speed equals to higher costs. Based on the mode you select, the exact gas cost is calculated based on the current network conditions. Additionally each mode adds a validator tip, with the following values: Normal = 2 Gwei; Fast = 3 Gwei; Instant = 20 Gwei tip.

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