We have prepared an instruction for you so you can buy or sell tokens without any problems, as well as Ass them to liquidity pools and earn from staking.
How to buy or sell a token?
If you don’t have any cryptocurrency yet, visit https://www.binance.com, register there, and buy any cryptocurrency to trade on DEX. BNB is the most common token. When withdrawing BNB to your wallet, do not forget to indicate the Binance Smart Chain (BEP-20) blockchain:
If you don’t have a wallet in the BSC blockchain yet, create one. We recommend having the Metamask wallet. Here is the instruction: https://medium.com/@streamityorg/setup-metamask-wallet-configure-it-to-connect-to-bsc-includes-ledger-hardware-wallet-support-643538bbbce3
Go to https://app.streamity.org to integrate the Metamask. For this press the button in the upper right corner:
Select the wallet that you want to connect if there are several, then confirm the transaction:
If integration is complete, you will see the amount of BNB in your wallet in the upper right corner. The amount of STM tokens will appear there too. Now you can make an exchange and add liquidity to the pool. To make an exchange, simply select the token you want to sell and the token to buy:
Press SWAP and confirm the transaction. Pay attention to the fact that GAS in paid BNB, as we operate on the Binance Smart Chain. Thus, you must always have BNB on your account. Transactions are very cheap, on average we set GAS at 20, any transaction is confirmed without issues.
How to add a liquidity pair?
You need to go to the liquidity section and click the “Add Liquidity” button.
Then select the required pair. Keep in mind that both cryptocurrencies must be in your wallet, otherwise, nothing will work!
Click “Supply” and confirm the transaction in your Metamask. After that, you will receive the STM-N technical token and a share in the pool. This means that you will receive commissions from all trading volumes in the amount of 0.3% (commissions will be distributed among all participants in this particular pool). In this example, STM-N = 3050.64 that is equal to 4.477% of the total pool.
⚠️ Do not send your STM-N technical tokens anywhere, otherwise, you will lose your funds (they will be stuck in the pool’s smart contract forever!)
When you return to the main page, you will be able to see your pool. There is an option to close the pool at any time and withdraw your funds. When withdrawing, you may have different amounts of cryptocurrencies in your pair. This happens because tokens can be bought or sold by users.
The asset prices in the pool are determined using the Automatic Market Maker (AMM) algorithm. AMM’s job is to continually maintain a value called the Constant Product, which is based on the amount of liquidity of one or the other asset in the pool.
Formula: x * y = k
Let’s continue with the example of a BNB — STM liquidity pool, which includes 100 BNB and 20,000 STM. In this case, the rate will be as follows: 200 STM for 1 BNB. To calculate the constant product, the Streamity Network multiplies these two sums.
BNB Liquidity (x = 100) * STM Liquidity (y = 20,000) = Permanent Product (k = 2,000,000)
100 * 20,000 = 2,000,000
If someone buys BNB using STM, there will be less BNB in the pool and more STM. But the constant product remains unchanged.
Let’s say BNB went down 99 in the pool then we will receive the following data:
99 * 20 202.0202 = 2,000,000
While withdrawing funds from the pool, you will receive 99 BNB and 20 202.0202 STM. So, the rate is 202.0202 STM for one BNB. Constant product, as in the example, remains unchanged = 2,000,000
How to start earning from STAKING?
You need to go to the “Earn” section and select a pair. Firstly, you must add a pair to liquidity and have a technical STM-N token, otherwise, nothing will work.
Then click “Manage” and select “Deposit” if you want to stake or “Withdraw” if you want to withdraw your funds from staking.
Then select the required % of the pool that you want to stake (you send the STM-N technical token, this is how the smart contract determines your stake in the pool). Then confirm the transaction. After the transaction is done successfully, you will see a card with information about your share, and STM tokens are accrued approximately every 6 seconds (as a block is closed in the Binance Smart Chain). To close the staking and receive your STM, you need to click “Withdraw”. STM tokens will come to your account and the technical STM-N tokens will be returned as well. Technical tokens determine your share in the pool, so you are able to return the pair from liquidity.
We hope that this manual will help you work with our DEX in easily and answer your questions. If not, contact the telegram support: https://t.me/StmSupportBot (we communicate in 12 languages and will answer any questions).
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