It is time to get rid of the sloppy Buy/Sell Box on @virtuals_io UI, which is integrated via @KyberNetwork.
You would lose 10% to 30% tokens if you use that box. because of the hidden fees. Read my tips under the comment section.
Coming soon: $TRUST: PRO MODE PLUS
- Pre-Approve button so you can approve how much $VIRTUAL you want to ape first, then when the launch starts, you can one-click buy.
- Buy with $ETH: simple as the name, the smart contract would handle all ETH --> VIRTUAL ---> Genesis Token in 1 click. (No need to pre-approve with ETH)
*1% platform fee is charged for all buy/sell swaps, all funds will be used to fuel $TRUST ecosystem.
Avoid that mfer box at all cost.
Small but important tip:
Never touch this mfer buy box on @virtuals_io website if you ape/jeet the Genesis launch. You may lose 20% of your buy, or even more.
It is from @KyberNetwork API. Usually in a calm market, they don't charge fees, which is good.
But when there is volatility, they would take the cut from "surplus slippage".
What is it? Let's say you are aping into $PTAI at 1m market cap.
Right when you press the swap button, a seller jeets and pushes price down to 800k mc.
Kyber would take that 200k difference, and your buy would be filled at 1m, not 800k.
The range would be from 2% to 20%, depending on the "surplus slippage".
This poor soul aped 5800 '$VIRTUAL into $PTAI. Buyer should have received 3.6m tokens, but 680k token was taken away by Kyber
The worst thing is, they never put that disclaimer on the UI, this is basically scammy and take advantage from normies.
You could use @Uniswap , they charge 0.25% fix fees for UI. Or @1inch , I haven't seen them charging fees.
I already noticed @virtuals_io team regarding this.
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