Playing WEB3
🏆 Reward tokens
Tokens list:
What reward tokens are?
Long story short: reward tokens are special kind of assets that generate income for you while just being idle at your wallet! No need to stake or farm or to perform any additional actions. So, where's the magic here?
The magic is about reward tokens smart contracts. For example, when you want to buy some tokens worth of 1 $TON you actually pay 1.25 $TON instead. And these 0.25 $TON are being distributed among all token holders propotionally. The same concerns sales as well: you receive 25% less than you might expect in regular token deals.
25% commission is an example value, it differs from token to token. Moreover, part of commission goes towards token burning, which reduces total supply and thus increases value of your tokens. So, the more you hold reward tokens the more $TON you receive in the end.
Slippage at buy/sell
Slippage is the difference between the price you expect and the one at which the trade actually takes place. If the price moves further than your limit, for example by 10% when you set slippage at 5%, then your trade won't execute. Since price of reward tokens can change at very solid ranges it is recommended to set slippage at around 30% when placing such trades.
I received less than I bought
It is normal with reward tokens. The thing is that reward token commission is not displayed by DEX (decentralized exchange) and it is deducted after successful swap. Tokens are handled by smart contract, sold to $TON and rewards are distributed to all holders.