Untrading redefines cryptocurrency investment by offering enhanced profitability, transparency, and ownership history. Built on the innovative decentralized Strategies-as-a-Platform (dSaaP) model using ERC-5173, it enables you to benefit from future value growth of tokens even after selling them. This guide helps you navigate the Untrading testnet to explore its core functionalities.
Understanding the Core Concepts
At the heart of Untrading are dynamic investment management systems known as unCryptos. These tools allow you to earn ongoing rewards from investments long after divesting. Their behavior is shaped by four key parameters:
- Total Rewards (R): The overall profit pool allocated for distribution.
- Originator Reward (OR): The share reserved for the creator of the investment.
- Future Rewards (FR): The portion that continues to benefit sellers after a token is sold.
- Number of Generations (# of Gens): Defines how many times the token can be resold while still generating rewards for past owners.
These elements create a transparent and inheritable lineage for each token, fostering a sustainable investment ecosystem.
Prerequisites for the Testnet
Before starting, ensure you have the following:
- A Web3-compatible browser like Chrome, Firefox, or Brave.
- MetaMask wallet extension installed and configured for Ethereum testnets (Sepolia or Goerli) and the Polygon Mumbai testnet.
- Test ETH and test MATIC in your MetaMask wallet.
- Basic knowledge of cryptocurrency concepts like tokens, swaps, and wrapping.
Step 1: Acquiring Test Tokens
To use Untrading, you’ll need test tokens that represent various cryptocurrencies. The testnet allows you to swap test ETH for test WBTC, WETH, USDT, or USDC.
- Select your preferred blockchain network from the first dropdown menu.
- Choose the token you wish to acquire from the second dropdown.
- Follow the instructions to complete the swap for WBTC, WETH, USDC, or USDT.
- Click “Swap” and confirm the transaction in MetaMask.
- Wait for blockchain confirmation.
- Repeat the process for other tokens as needed.
Step 2: Purchasing unBTC and unETH
Once you have test USDC or USDT, you can purchase unBTC or unETH on the testnet platform. You can either create your own offers or explore existing listings from other users.
To buy from existing listings:
- Visit the testnet platform and navigate to the “Markets” tab.
- Browse available unBTC or unETH listings and select one that meets your criteria.
- Click “Buy - Limit,” enter the desired quantity, and authorize the transaction via MetaMask.
- Monitor transaction status on Etherscan.
- View your acquired tokens in the “Profile” section.
Step 3: Wrapping Tokens
Transactions on Untrading require wrapping tokens into specific trading pairs like unBTC/USDT or unETH/USDC. Here’s how to wrap your test WBTC or WETH:
- Choose the blockchain network (e.g., Goerli) from the top dropdown menu.
- Select WBTC as the “Original token” to be wrapped.
- Enter the amount to wrap or select “Max” to use your entire balance.
- Choose USDT as the “Payment token.”
- Configure the Total Reward Ratio, Originator Reward Ratio, and Number of Generations.
- Click “Wrap” and confirm in MetaMask.
- Track the transaction via Etherscan.
- Repeat for WETH if needed.
👉 Explore token wrapping strategies
Step 4: Selling and Adjusting Prices
Creating your own listings allows other users to purchase your unCryptos. To list tokens for sale:
- Go to your profile page by clicking your user icon.
- Locate the unBTC or unETH you wish to sell and click “Sell.”
- In the “Sell - Limit” dialog, specify the quantity and price.
- Click “List for sale” and confirm the transaction.
- Once confirmed, your offer will appear in the public marketplace.
To modify an existing listing:
- Access your profile and select the token listing you want to adjust.
- Click the “…” menu and choose “Change price.”
- Update the quantity or price in the “Change price or unlist” dialog.
- Confirm the changes in MetaMask and wait for blockchain confirmation.
Frequently Asked Questions
What is the purpose of the Untrading testnet?
The testnet allows users to experiment with wrapping, buying, and selling unCryptos without financial risk. It helps familiarize users with the platform’s mechanics before using the mainnet.
How do testnet rewards differ from mainnet rewards?
Testnet rewards are simulated and hold no real-world value. They are designed for educational and testing purposes only.
Can I use Uniswap or other DEXs with Untrading?
Untrading operates as a standalone protocol. While it uses decentralized infrastructure, its wrapping and trading features are native to its platform.
What happens if I change the number of generations for a wrapped token?
This parameter determines how many future sales will generate rewards for previous owners. Higher generations extend reward eligibility but may affect initial returns.
Is there a fee for using the testnet?
No, the testnet is free to use. However, you need testnet ETH or MATIC for transaction gas fees, which can be obtained from faucets.
How do I report a bug or provide feedback?
You can share feedback or report issues via the official testnet communication channels. Community input helps improve the platform before launch.
Conclusion
You’ve now learned how to use the Untrading testnet to explore its innovative investment model. By acquiring test tokens, wrapping them into unCryptos, and participating in simulated trading, you’ve gained hands-on experience with a platform designed to share future rewards with sellers. This approach challenges traditional investing by creating ongoing value for original holders even after divestment.
As you continue experimenting, consider how parameters like generations and reward ratios impact potential returns. The testnet is an ideal environment for refining your strategy before engaging with live assets.