Verified vs Unverified Tokens, Trade vs Swap and pPancake

[CoinZap]

Hi there, big fan here of this promising tech. I’ve been navigating the app for a few days now. I minted my first token, but I don’t understand how to trade it.

When I list the available coins under “trade” there are only 13 coins. If I check “show unverified coins”, I don’t see any additional coins.

Under “swap”, if I check “show unverified coins” I can see additional coins… But I don’t see the one I created.

So my questions are:

1. What’s the difference between verified and unverified tokens?
2. Can I sell / trade / swap an unverified token?
3. What’s the difference between trade and swap?
4. Can I sell unverified tokens on pPancake?

Thank you!

[zes333]

@Jared

[Jared]

@CoinZap

but I don’t understand how to trade it.

Custom coins need to undergo a review process prior to them being listed and tradable. Please reference this post:

Custom Coin Verification Criteria

In order for a custom coin to be approved by the committee, the coin must meet our criteria as listed in this post. 1) First and foremost, the coin/project must not be illegal. If they are related to the following then they will not be approved: Scamming / Spamming Illegal Drugs Black Hat Hacking Selling Dox Info (SSN, IDs, CC, Passport, etc) Damaging to Incognito’s Reputation Etc 2) An introduction post must be made per our guidelines: 3) User should be at least, Trust Level 2, member stat…

@CoinZap

• What’s the difference between verified and unverified tokens?

Verified tokens have gone under a vote from the Community Committee to verify that the coin meets our criteria.

@CoinZap

• Can I sell / trade / swap an unverified token?

See above

@CoinZap

• What’s the difference between trade and swap?

Difference between sell and swap

Swap allows you to go from one coin to the other based on the level of available liquidity. It allows you to execute your trade immediately and entails a fee. Buy and Sell is different. It allows you to place a limit order on the buy or sell side at a specified price for the coin you’re looking to trade. Limit orders for now entail no fee but this may change in the future. Your order will not fill until another trader enters an opposing trade at the price you have specified. This is similar to …

@CoinZap

1. Can I sell unverified tokens on pPancake?

Is the token already offered on Pancake?

[CoinZap]

Let’s say it’s already on pancake. Does that mean it will be automatically accessible through pPancake?

[khanhj]

Hey @CoinZap

@Jared

Your order will not fill until another trader enters an opposing trade at the price you have specified. This is similar to how trading would occur on a stock exchange or a centralised exchange.

I would like to explain more about this case
Let’s say you place a Buy Order (Limit Order): Buy BTC-USDT,
This order was fulfilled when another user made a Swap Sell BTC-USDT
(Not by a revert Sell Order: Sell BTC - Buy USDT)

Check the example in this topic for a clearer explanation about Incognito pDEX

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Let’s say it’s already on pancake. Does that mean it will be automatically accessible through pPancake?

Not all coin listed on Pancake is supported by incognito pPancake. Please go to pPancake, pick a pair you want to trade (also check at unverified coins)
Example:

If the token you want to trade is not listed on pPancake, the processes to add it is quite simple, i will show you later.