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Token setup

3 мин. чтения

🛠 TOKEN SETUP– allows you to manage all tokens in the system. Here you can add new tokens, edit existing ones, check their technical condition and delete unnecessary ones.

 

⚠️ IMPORTANT!!! Before starting work, you must complete two mandatory steps:

  1. Adding stablecoins: First of all, set up stablecoin contracts (USDT, USDC) for the selected blockchains that you plan to work with. It is the base currency for most trading operations.

  2. Adding trading tokens: After that, add the contracts of the specific tokens that you are going to trade in the corresponding blockchains.

Attention: Work only with official token contracts to avoid losing funds.

📋 List of tokens #

Displaying all added tokens:

  • Token Symbol— short name (BTC, ETH, XRP, SOL, PEPE, ARB)
  • Native status— 🌐 for the main blockchain tokens
  • Decimals— number of decimal places
  • Trading Pair— to USDC or USDT
  • Contract address— the full address of the token in the blockchain

➕ Add a token #

Step – by – step addition of a new token:

  • Step 1: Entering the token symbol (BTC, ETH, XRP, SOL, PEPE, ARB)
  • Step 2: Entering the address of the token contract
  • Step 3: Specifying the number of decimals (usually 6-18)
  • Step 4: The choice is a native token or a regular one.
  • Step 5: Checking the RSI and data availability (optional)
  • Step 6: Choosing a trading pair (USDC/USDT)
  • Automatic savingto the database

💱 Trading pair selection #

Determining the base currency for trading:

  • USDC pair— the token will be traded against the USDC (for example: BTC/USDC)
  • USDT pair— the token will be traded against USDT (for example: XRP/USDT)
  • Impact on trade: determines in which currency the profit/loss is calculated
  • Stock symbol: automatically generated (BTCUSDC, XRPUSDT)
  • Can be changed: by editing the token

📊 Check the Token’s RSI #

Double check – technical analysis and data availability:

  • Data verification:
    • Is historical data on the token available?
    • Does the API work for getting prices?
    • Is there any trading data for the selected pair
  • Technical analysis of the RSI:
    • RSI < 30 — перепроданность (можно покупать)
    • RSI 30-70 — neutral zone
    • RSI > 70 — перекупленность (можно продавать)
  • Verification result:
    • ✅ Data available + RSI indicator
    • ❌ Data is unavailable — the token cannot be traded

✏️ Edit Token #

Changing the parameters of existing tokens:

  • Choosing a tokenfrom the list with pagination
  • Couple’s status: 🟢 enabled / 🔘 disabled
  • Available changes:
    • Updating the contract address
    • Decimals adjustment
    • Change of trading pair (USDC ↔ USDT)

🌐 Native Token #

The main blockchain token for paying commissions:

  • What is it: the main token of the network (SOL, ETH, BNB, MATIC)
  • Appointment: gas payment for all transactions
  • Features: embedded in the blockchain protocol
  • Limitation: only one native token per blockchain
  • Management: status change via ” Edit Native Token”

🗑️ Delete Token #

Secure removal of unnecessary tokens:

  • Choosing a tokenfrom the list
  • Confirmation of deletion— protection against accidental deletion
  • Complete cleaning: deleting the token and all related trading pairs
  • Checking the activity: warning about open positions

⚙️ How it works #

  • Token Symbols: short designations are used (BTC, ETH, XRP, SOL, PEPE, ARB)
  • Trading Pairs: generated automatically (BTC/USDC, XRP/USDT)
  • Data verification: The RSI analysis verifies the availability of trading data
  • Keeping: all tokens are saved in the database
  • Synchronization: The changes are immediately applied to trading

⚠️ It is important to remember #

  • Use standard characters — BTC, ETH, SOL, XRP
  • Check the availability of datathrough the RSI analysis
  • Choose the right pair— USDC or USDT for trading
  • Test it outwith small amounts after adding
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