forbitswap Testnet Tutorial — MOVE towards Decentralized Finance!
About Us
forbitswap is a blockchain protocol that generates automated market makers (AMMs) and liquidity pools to facilitate peer-to-peer trading. Liquidity providers add tokens to forbitswap pools and are rewarded with a fee proportional to their share in the pool.
forbitswap platform enables peer-to-peer (P2P) cryptocurrency trades that execute without order books or a centralized intermediary on MOVE language.
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forbitswap Testnet Tutorial & Incentives
For users to have the best experience, here are our guidelines on joining forbitswap’s testnet, a DEX powered by Aptos.
Step 1: Access forbitswap’s Website. Click on “Launch App” or “Trade Now” to visit the official dashboard or directly click here: https://move.forbitswap.com/#/swap.
Step 2: Click on “Connect Wallet“.
Select the e-wallet you want to use. Please make sure you register and install the wallet on your browser or phone to connect.
If you don’t know how to set up the wallet, please refer to the link below for more detail at here !
Step 3: In order to join our testnet, you will need some coins/ tokens such as APT, BTC, USDT, USDC, or DAI to test the swap/ add pools/ staking function.
Click on “Faucet” to request testing tokens or acquire $APT directly through your wallet or get $APT here
Note: Your set-up wallet must be changed to the testnet server so that the “Faucet” button appears.
How to swap
Step 1: Once connected to the wallet, you can now choose the token you want to swap.
Step 2: Enter the number of tokens you want to swap. Then, click “Swap“.
Step 3: You can check again with a suitable fee then click “Confirm Supply” and approve on your installed wallet to complete the transaction.
After your approval, the payment will success and the swapped token will directly transfer to your set-up wallet.
How to add liquidity on forbitswap
Step 1: Click on “Pools” in the upper right corner or go to https://move.forbitswap.com/#/pools.
Step 2: Click “Create Liquidity”.
Step 3: Select the trading pair and Enter the quantity then click “Swap” or “Add Liquidity”.
In this case, I’ll choose “Add Liquidity“.
Tip: When you add liquidity, you will receive pool tokens representing your position. These tokens automatically earn fees proportional to your share of the pool and can be redeemed at any time.
Step 4: The web interface will show the percentage contributed to the pool and ask for “Confirm Supply”.
Step 5: After the confirmation, the wallet browser will show the user’s transaction and the required gas fee.
If you are satisfied with the gas fee, then click “Approve”. Your transaction will be completed.
How to remove liquidity on forbitswap
Step 1: To withdraw your available liquidity, select “Pools” and then select “Your Positions”.
Select the liquidity information you want to withdraw. Click “Remove”.
Step 2: You can withdraw your liquidity (partially or fully) to get your tokens back into your wallet at any time. Users will be rewarded with a fee along with the number of tokens they have earned during that period.
Select the percentage of the amount you want to withdraw then click “Remove”.
Step 3: The web interface will display the number of tokens withdrawn and ask for “Confirm Supply”. You click “Approve” on the wallet to complete the transaction.
Sum Up
Thanks to the development of distributed ledger technology, we are currently witnessing a quantum jump in the new potential functionality of money flow. Everyone is encouraged to take part in DeFi protocol governance and have a seat at the table as the decentralized financial world is being developed.
We hope you will enjoy our testnet product. If you find any bugs or problems, please send your report via contact@forbitswap.com or forbitswap’s Discord Server. We will send u a reward for your support.
