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Crypto Discussion Forum => Cryptocurrency discussions => Technical Discussion => Topic started by: babbysonders on March 13, 2024, 04:26:35 PM

Title: Is this token just the cost of converting ETH to PAAL?
Post by: babbysonders on March 13, 2024, 04:26:35 PM

Here's a recent conversion I made from ETH to PAAL. The 12,774 $PAAL is what I have in my account now. I started with 13,306 PAAL, Is the 532 $PAAL Token the cost of converting to $PAAL? I had to pay in $PAAL tokens for the conversion? So that 532 of $PAAL is gone, right? (13,306 - 532 = 12,774)

Swap 1.6274562224301563 ETH For 13,306.844703763 $PAAL On Uniswap V2
From 0x: Exchange ProxyToUniswap V2: $PAALFor 1.6274562224301563($6,448.75) Wrapped Ethe...(WETH)
From Uniswap V2: $PAALToPaal AI: $PAAL Token For 532.27378815($392.84) PAAL AI($PAAL)
From Uniswap V2: $PAALTo0x1cdbC189...47B2A378D For 12,774.570915613($9,428.13) PAAL AI($PAAL)

Just want to make sure I'm understanding.

Title: Re: Is this token just the cost of converting ETH to PAAL?
Post by: bitmover on March 13, 2024, 08:05:01 PM

Quote from: babbysonders on March 13, 2024, 04:26:35 PM

Here's a recent conversion I made from ETH to PAAL. The 12,774 $PAAL is what I have in my account now. I started with 13,306 PAAL, Is the 532 $PAAL Token the cost of converting to $PAAL? I had to pay in $PAAL tokens for the conversion? So that 532 of $PAAL is gone, right? (13,306 - 532 = 12,774)

Swap 1.6274562224301563 ETH For 13,306.844703763 $PAAL On Uniswap V2
From 0x: Exchange ProxyToUniswap V2: $PAALFor 1.6274562224301563($6,448.75) Wrapped Ethe...(WETH)
From Uniswap V2: $PAALToPaal AI: $PAAL Token For 532.27378815($392.84) PAAL AI($PAAL)
From Uniswap V2: $PAALTo0x1cdbC189...47B2A378D For 12,774.570915613($9,428.13) PAAL AI($PAAL)

Just want to make sure I'm understanding.

All fees that you pay to uniswap are paid in Eth, as they are mining fees and usually they are quite expensive.

They also charge about 0.30% fees, which shouldn't be 532 paal in your case.
https://docs.uniswap.org/contracts/v2/concepts/protocol-overview/how-uniswap-works

I think you should have received 13.306 paal
Just like you wrote

Swap 1.6274562224301563 ETH For 13,306.844703763 $PAAL On Uniswap V2

I checked my past swaps and I never faced similar issue. Did you receive just 12,774? Wa that in your screen when you agreed to convert?

Title: Re: Is this token just the cost of converting ETH to PAAL?
Post by: Mr. Magkaisa on May 12, 2024, 02:29:51 PM

Quote from: babbysonders on March 13, 2024, 04:26:35 PM

Here's a recent conversion I made from ETH to PAAL. The 12,774 $PAAL is what I have in my account now. I started with 13,306 PAAL, Is the 532 $PAAL Token the cost of converting to $PAAL? I had to pay in $PAAL tokens for the conversion? So that 532 of $PAAL is gone, right? (13,306 - 532 = 12,774)

Swap 1.6274562224301563 ETH For 13,306.844703763 $PAAL On Uniswap V2
From 0x: Exchange ProxyToUniswap V2: $PAALFor 1.6274562224301563($6,448.75) Wrapped Ethe...(WETH)
From Uniswap V2: $PAALToPaal AI: $PAAL Token For 532.27378815($392.84) PAAL AI($PAAL)
From Uniswap V2: $PAALTo0x1cdbC189...47B2A378D For 12,774.570915613($9,428.13) PAAL AI($PAAL)

Just want to make sure I'm understanding.

         -    I have not tried to use Uniswap, but according to what I found out, because it is under erc20, it is not surprising that the fee that can be used there if the erc20 network is used on that platform is really expensive.

Now, about PAAL, I'm not familiar with it either, I respect the choice you made, but maybe you should use your experience as a lesson, op. This is all I can tell you.