Trade $U with $AR now on Permaswap
We said Permaswap’s primary goal is to provide a decentralised exchange service for Arweave ecosystem tokens and activate the liquidity of those tokens. So this time we listed the new token $U on Permaswap.
About $U
What is $U token
$U token is a unique digital asset with a number of exciting features, which aim to make the permaweb more active. That is a simple unit of account on the Permaweb. It’s a fair launch token (created with no 'pre-mine') evolved from the original $bAR contract.
Goals
Provide liquidity for Permaweb users and applications.
Utility
Contract Address: KTzTXT_ANmF84fWEKHzWURD1LWd9QaFR9yfYUwH2Lxw
1 U = 1,000,000 SU (Sub Unit)
$U is fuel for the Permaweb. Permaweb users can use $U to swap between other tokens, and interact with applications living on the Permaweb that use $U. Developers can use $U in their applications like many other applications on the Permaweb. Applications can leverage the Foreign Call Protocol (allow / claim / reject) to make "contract to contract" transactions possible using internal writes. It will allow users to buy, sell, and interact with any asset on the Permaweb.
How to get $U token
There are two ways you can get $U token besides trading.
Using $AR to store data
The first way is to upload data to Arweave through specific tag and calling the appropriate functions. Then you can claim your $U token.
For more information: Sample tag
Burn some $AR to get $U tokens
For most non-dev user, you can simply burn some $AR to get $U token in this website.
What can you do
Trading $U token pair
To start trading $U token, simply open Permaswap and navigate to the trading page. Permaswap is the only platform where you can swap $U token for $AR. This ensures that our users have a secure and reliable platform to trade $U token, without needing to worry about the risks associated with other exchanges.
Before being able to trade or swap on Permaswap, you’ll need to deposit funds on everpay.io. This is what allows swaps or trades to be gasless. If you don’t have any crypto assets, don’t worry, you can buy some USDC via other fiat currencies - please check this tutorial.
As always, we remain committed to providing you with the best trading experience and customer support. If you have any questions or concerns, please don't hesitate to reach out to us.
Tutorial: How to swap token
Earn trading fees by adding U/AR liquidity
There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. You can earn trading fees by the following steps:
How to add liquidity
You can follow this tutorial to add liquidity:
Permaswap allows you to choose any price range when adding liquidity, which will improve the utilisation of the pool. When you add liquidity to Permaswap, you must pay more attention to the price range. You can choose any minimum, maximum exchange rate, or full range, which will determine the token price.
Thank you for your continued support and trust in our platform. We look forward to bringing you more exciting updates in the future.
Risk warning: Investing in digital assets carries a significant amount of risk. It is important to be aware of the potential risks involved. You should assess your personal financial situation and risk tolerance before investing in digital assets.
