Tutorial: How to add liquidity on DEX & create pair
How To Add Liquidity on Bitgertswap DEX
Bitgertswap is a decentralized exchange (DEX) protocol built on the Bitgert Chain. It enables users to trade various digital assets and tokens on the Bitgert Chain. Adding liquidity to the Bitgertswap DEX is an important factor as more liquidity leads to more trading opportunities and more profits. Here are the steps to add liquidity on Bitgertswap DEX:
## Step 1: Prepare Tokens
The first step is to prepare the tokens that you wish to add to the Bitgertswap liquidity pool. These tokens must be BRC-20 tokens, meaning they are based on the Bitgert Chain. You will also need an additional coin called BRISE (Bitgert Coin), which is the native token on the Bitgert Chain. You can easily be acquire BRISE from Huobi, Gate.io or Bitmart Exchange.
## Step 2: Connect Wallet
The next step is to connect your wallet to the Bitgertswap DEX. You can use any software wallet that supports the BRC-20 protocol. MetaMask is a popular choice for most users.
## Step 3: Deposit Tokens
Once you have connected your wallet, you will need to deposit the tokens that you want to add to the liquidity pool. You can find the “Trade” button on the menu of the page. After clicking the “Trade” link, click on “Liquidity” tab, Click “Add Liquidity”,
To deposit tokens, you will be asked to select your token from the list. If you cannot find your token in the list, simply paste the contract address in the search bar and it will be visible for you to add.
## Step 4: Approve Transaction
Once you have entered the amount of tokens to be deposited, you will need to approve the transaction. This will require you to sign the transaction using your wallet’s private key. Once the transaction is approved, you can goto follow the below step.
## Step 5: Add Liquidity
Once approved, you can now add the liquidity to the pool. To do this, you will need to click the “Supply” button on the “Liquidity” tab. You will then be asked to enter the amount of tokens that you wish to add to the liquidity
If you are a first-time liquidity provider, you can decide the price you want to set by adding the ratio of tokens for your pool. Once you are satisfied with the rate, click the ‘Supply’ button to review the details.
Once you click “Supply”, your token liquidity will be added to the Bitgertswap, allowing users to trade your token/coin. You can track your token/coin’s performance on charts at https://www.dextools.io/app/bitgert by searching for the contract address.