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Buying and Selling a Token

Buying and selling meme tokens on Mew.gg is easy and efficient. It helps you interact with meme tokens on the SAGA blockchain. Whether you want to invest in trending tokens or cash out your holdings, Mew.gg provides a user-friendly interface and easy one-click transactions on the Saga blockchain.

Buying a token​

You need to follow certain steps to buy a meme token on Mew.gg. The following are the necessary steps you must follow when buying a meme token on Mew.gg:

Connect your wallet -​

You must ensure that your wallet is connected to the Mew.gg platform. You can locate and click the 'CONNECT WALLET' button, located at the top right corner of the page. You must ensure that you have sufficient SAGA in your wallet to cover the token purchase and associated gas fees. You can follow the steps described in the Getting Started section to top up their wallet with the SAGA token.

Select a token​

  • All the meme tokens created on Mew.gg are listed on the homepage of the application. You can select from the list of available meme tokens on the Mew.gg platform in which you want to invest.
  • After selecting a token, you can click on the token. It will redirect you to the meme token details page, where you can find all the details and trading history about that meme token on Mew.gg.
  • On the same page, you can find a section on the right side, where you can buy and sell the meme token. To buy a token, a user must select the "BUY" option from the tabs.
The "BUY" section on the token details page

In the next step, you can choose the amount of the token you want to buy. Input the desired amount of tokens you want to buy in the input field. You can choose between the SAGA value or the token amount when buying a meme token. If you choose to use the SAGA value, you will get tokens worth the entered SAGA amount. If you choose to use a token amount, you have to pay the SAGA value cost to the entered amount of the token, considering the current bonding curve price.

Confirm the transaction​

  • After entering the amount of tokens to buy, users can click on the "Place Trade" button just below the input field. This will initiate a transaction on the Saga blockchain.
  • Review the token amount and transaction details carefully. If all looks good, approve the transaction in your wallet to complete the purchase.
Users can review the purchase details and approve the transaction

  • Once the transaction is approved by you, the purchased tokens will be added to your connected wallet. This will complete the purchase of the token on Mew.gg.
  • Once the purchase is completed, you can see your transaction details in the "TRADES" table below on the token details page.
Users can see their transaction details in the "TRADES" table

  • Users can also track their holdings by visiting their profile on the Mew.gg dApp.
User holdings

Selling a token on Mew.gg​

To sell a token, you also need to connect your wallet and select a token that you hold and want to sell. You can follow the steps described in the Getting Started section to connect your wallet. After connecting your wallet, you can select the token you want to sell and navigate to the token details page. You can find the section where you can sell the token on the right side of the page.

NOTE -

Before selecting a token to sell, you must ensure that you hold some amount of the token you are selecting. You will be able to sell the token if and only if you are holding some amount of the token you want to sell in your connected account.

After selecting the meme token to sell on Mew.gg, you can follow the following steps to successfully sell your token -

Enter sale amount​

  • On the token details page, you can find a section on the right side where you can sell the meme token. To sell the token, you must select the "SELL" option from the tabs.
The "SELL" section on the token details page

  • In the next step, you can choose the amount of tokens you want to sell. Input the desired amount of tokens you want to sell in the input field.
  • You can choose between the SAGA value and the token amount when selling the meme token. If you choose to use the SAGA value, you must ensure your connected account holds the amount of selected meme tokens worth the entered SAGA amount, considering the current bonding curve price.
  • If you choose to use the token amount, you must ensure your connected account holds at least the amount of meme tokens that you entered, considering the current bonding curve price.

Confirm the Transaction -​

  • After entering the amount of tokens to sell, users can click on the "Place Trade" button just below the input field. This will initiate a transaction on the Saga blockchain.
  • Review the token amount and transaction details carefully. If everything looks good, approve the transaction in your wallet to complete the purchase.
Users can review the details and approve the transaction

  • Once the transaction is approved, the sold tokens will be deducted from your connected account and added to the bonding curve. The sold amount of the token will now be available for trade to users on the Mew.gg.
  • Once the transaction is completed, you can see your transaction details in the "TRADES" table below on the token details page.
"Users can see their transaction details in the "TRADES" table

Key considerations when buying and selling tokens​

  • Price dynamics: The price of tokens fluctuates based on buying and selling activity, affected by the bonding curve model.
  • Gas fees: Each transaction requires gas fees, which vary depending on network congestion.
  • Market trends: Analyze the OHLC trade chart to make informed buying or selling decisions.
  • CTO and Legend tokens: Be aware of token classifications such as Not OG, CTO (Community Take Over), and Legend tokens for better decision-making.

Mew.gg provides a transparent, decentralized trading experience on the Saga blockchain, empowering users to buy and sell meme tokens on the Saga blockchain with confidence, along with ensuring security and efficiency in all transactions.