Wrapping Tokens on Untrading: From ERC-20 to ERC-5173
Last updated
Last updated
Go to the Untrading Website:
Open Untrading’s website and log in to your account.
Ensure your crypto wallet (such as MetaMask) is connected to the platform to handle ERC-20 token transactions.
Click on Apps
Go to the unCryptos App and log in with your wallet.
A drop-down menu appears.
Select Wrap Crypto to begin the process of wrapping your WBTC.
Original token
Choose WBTC (Wrapped Bitcoin) as the token you wish to wrap on the Untrading platform.
Input the amount of WBTC you want to wrap into unBTC.
Select the payment token to create a token pair, unBTC/USDC.
Creating a unBTC/USDC pair.
Choose from one of the 12 categories.
Every owner of this token is expected to sell it when their profit reaches this preset profit level.
It is recommended to split your WBTC into several separate amounts each with a separate PE setting, ranging from Small (5-10%) to Medium (12-18%) to Large (20-30%) and Jumbo PE (40%) and above.
Type in the total percent of the realized profit each seller will share with the Flow.
Type in the OR between 5-12%.
Type in the maximum number of layers eligible for profit distribution.
When you initiate the wrapping, a transaction request will pop up in your wallet (e.g., MetaMask) to approve Untrading to access your WBTC.
Review the transaction details and confirm the approval.
After the approval, return to Untrading and select Wrap to convert your WBTC into unBTC.
A second transaction request will appear in your wallet, asking you to confirm the wrapping of WBTC.
Confirm this transaction to complete the wrapping process.
The wrapping process will take a few moments. Once confirmed, you will receive unBTC in your Untrading account. This is now your wrapped asset on the platform.
The size of the unBTC you want to sell
Enter the price at which you want to sell your unBTC.
You may set a specific price or list it according to current market conditions.
Confirm that all listing details are correct, including the asset (unBTC) and the price.
Submit the listing to place unBTC for sale on Untrading’s marketplace.
A final transaction request may appear in your wallet to confirm the listing.
Approve this to officially list your unBTC for sale on Untrading.
With a Limit Price set at the current marker price (68,200).
