On a pad
Trade
Buying and selling tokens on a pad, before and after graduation.
Every token page has a ticket on the side: buy with SOL, sell for SOL. Connect a wallet, enter an amount and approve.
Buying and selling
- Buy takes the SOL you pay and shows the tokens you get for it.
- Sell takes the tokens you sell and shows the SOL you get.
- Fee shows the trading fee on this trade, as the pad set it. It is charged in SOL: on buys from what goes in, on sells from what comes out.
Quotes are worked out from the token's live state on chain, the same way the venue's program will, so what you see is what the program pays, as long as the price doesn't move first.
Slippage
Prices move while a transaction is on its way. Slippage is how far the price may move against you before the trade is called off instead. Pick 1%, 3%, 5% or 10% under the ticket; the choice is remembered in your browser. If a fast-moving token's trades get called off, allow a little more.
Before and after graduation
While a token is on its curve, trades go to the curve. Once it graduates, the same ticket trades in its pool, with the pool's fee. Nothing changes for you: the page follows the token.
Messages you may see
| Message | What to do |
|---|---|
| The price moved past your slippage before the trade landed; try again or allow more | Try again, or pick a higher slippage. |
| Not enough SOL in the wallet | Lower the amount, leaving a little SOL for network fees. |
| Not enough tokens in the wallet | Sell no more than you hold. |
| Cancelled in the wallet | You declined the request in your wallet. Nothing was sent. |
Trading through a link
If you arrived on the pad through someone's referral link, your trades on that pad name them, and the pad pays them out of your trades' fees. It doesn't change your price or your fee. See Referral links.