Acquiring Injective Tokens via Osmosis Dex
To start trading on Injective, you’ll first need to acquire Injective Tokens (INJ) by swapping another cryptocurrency for them. A popular method is through the Osmosis Dex platform. Here’s how:
- Access Osmosis Dex: Go to Osmosis Dex website.
- Initiate a Swap: Click on the ‘Swap’ option.
- Select Your Swap Pair: Choose to swap from $OSMO (Osmosis Token) to $INJ (Injective Token).
- Connect Your Wallet: You have options like Keplr wallet or Leap wallet to connect with.
- Set Your Swap Amount: Once your wallet is connected, enter the amount you wish to swap and then click on the Swap button.
- Confirm the Transaction: Follow the prompts to confirm and complete your transaction.
Remember, using the Keplr wallet is only one of the recommended ways to engage in these transactions. Leap wallet is another great crypto wallet out there.
Trading on Helix
Now that you have Injective Tokens (INJ), you can begin trading on Helix, Injective’s premier decentralized crypto exchange. Here’s a step-by-step guide to get started:
Navigate to Trade: Once on the Helix platform — https://helixapp.com — select the ‘Trade’ option from the menu and choose ‘Spot’ for trading on the on-chain orderbook.
- Choose Trading Pair: Select the INJ/USDT pair for your trade.
2. Configure Your Trade:
- Select Action: Since you want to sell INJ and buy USDT, choose the ‘Sell’ option.
- Set Price: Decide on a pricing strategy. You can opt for a ‘Limit’ order to set your desired selling price, or a ‘Market’ order for immediate execution at the current market price.
- Enter Amount: Specify how much INJ you wish to sell.
3. Confirm Your Trade: Review all the details, and if everything looks correct, confirm the transaction to execute your trade.
Helix, evolving from Injective Pro, is known for its zero gas fees, high security, quick transaction speeds, and support for cross-chain assets. The platform enables trading of a diverse range of crypto assets and offers significant rebates. It’s powered by the Injective blockchain, which supports assets including Cosmos, Ethereum, EVMOS, and Moonbeam. Helix has achieved over $7 billion in cumulative trading volume across its various markets since its launch.
One of Helix’s unique features is its advanced conditional orders, like stop-loss orders, which allow traders to participate in sophisticated trading setups in a decentralized manner. This ensures users retain full control over their funds without reliance on centralized intermediaries.
Additionally, Helix’s new convert interface simplifies the token swapping process, allowing users to easily trade between a wide range of cross-chain assets.
Introduction to Helix Swap
“For users who prefer a more direct approach to asset conversion without dealing with market or limit order complexities“.
Helix Swap, a key feature of the Helix platform, provides an alternative and straightforward method for asset conversion, especially useful when direct trading pairs are unavailable.
This feature is particularly useful when direct trading pairs are not available, such as swapping ATOM for INJ when an INJ/ATOM pair doesn’t exist. Helix Swap eliminates the need to navigate through multiple trading pairs, thereby saving time and reducing complexity, if you want to put it this way.
Why Use Helix Swap?
- Simplicity: Helix Swap simplifies the trading process, allowing for straightforward asset conversions without navigating multiple trading pairs.
- Speed and Efficiency: Trades are executed on the on-chain orderbook module provided by Injective, ensuring fast, low-cost, and transparent transactions.
- Convenience: This method is ideal for users who prefer a more direct approach to asset conversion without dealing with market or limit order complexities.
Steps to Use Helix Swap
- Access Helix Swap: Go to the Helix platform — https://helixapp.com, navigate to ‘Trade’ in the top-bar, and select ‘Swap’ from the drop-down menu.
- Select Asset and Amount: Choose the asset you wish to swap and enter the amount. You can use the ‘MAX’ button to automatically fill in the maximum available balance.
- Confirm and Approve Swap: Review the conversion details and click ‘Swap’ to proceed within given time or click to update the Rate. You will then need to approve the transaction in your connected wallet. Once approved, the swap order will be placed.
- Adjust Slippage Tolerance (Optional): Helix allows you to modify your slippage tolerance, with a default setting of 0.5%. You can adjust this setting by clicking the gear icon (⚙) in the conversion panel.
Helix Swap offers a streamlined and user-friendly experience, ideal for those who prefer simpler trading processes.
Reflecting on the Future of Decentralized Trading
Having explored the realms of Helix and its innovative Swap feature, we find ourselves at the cusp of a significant shift in how we approach decentralized trading. Helix not only simplifies the process of asset conversion but also opens the door to a world where trading is no longer a labyrinth of complex decisions and steps. It’s about making informed choices with ease and efficiency.
What does this mean for the average trader or even the curious newcomer? It signifies a leap towards inclusivity and accessibility in the crypto trading world. The integration of platforms like Helix, where simplicity and speed are paramount, is revolutionizing our interactions with digital assets. It begs the question: How will this change our relationship with cryptocurrency and decentralized finance as a whole?
Disclaimer: Educational Purposes Only
Please note that the information provided in this blog post, including insights into trading strategies, cryptocurrency trading, and the use of decentralized exchanges (DEXs), is intended solely for educational purposes. The content is not meant to serve as, and should not be interpreted as, professional financial advice or a recommendation to buy, sell, or hold any securities, cryptocurrencies, or other financial instruments.
Trading in financial and cryptocurrency markets involves significant risks. These markets are known for their high volatility and lack of regulation. Decisions should be made based on your own analysis, risk tolerance, and financial situation. Validatus is not responsible for any losses or damages arising from the use of the content provided here. We strongly recommend consulting with a qualified financial advisor before making any investment decisions, particularly in the cryptocurrency space.
