How to Create a Limit Order?
Last updated
Last updated
Open the ICPSwap Test DApp and connect your wallet. Select the “Limit” option.
Choose the Tokens you want to trade. You can browse or search by token canister ID. For example, we’ll use the DKP/ICS pair here. (Only the ICS/ICP pair is supported now. However, once the feature is updated to the official version, it will support all trading pairs.)
Set the Execution Price for your limit order. This is the price at which your limit order will execute. Enter the amount of tokens you’ll be paying with, like 300 DKP if you’re placing an order to buy ICS with DKP at a target price of 1 DKP = 2.6373 ICS.
Adjust the Execution Price as Needed. For example, if you set the price to 3 and the current price is 2.6373, a “Price Deviation” of +13% will display. Use the quick buttons (1%, 5%, 10%, 50%) to easily adjust. Selecting +10% would set the limit order price to 2.8116 with a +10% deviation from the current price.
Review and Submit. Confirm your limit order details and submit. You’ll notice an estimated trading fee earnings of 2.08874 ICS, meaning you could earn fees if the order fully executes. Plus, ICPSwap covers any network gas fees!
Place the Order. After confirming all details, click “Place order” to submit. enjoy it!
Note: Please be aware that as the Limit Order feature is still in the public beta phase and the code audit is not yet complete, it’s recommended to use only small amounts of tokens for testing.