How to Buy Gonka ($GNK) and other tokens on Onyx

The Onyx Swap interface allows you to exchange digital assets instantly. This tutorial covers the operational steps and the technical terms you will encounter while trading on the Gonka network.

At this moment swaps though AMM liruidity pools are avaliable Gonka with limit orders coming soon.

---

Step-by-Step Tutorial

1

Initialize Your Wallet

• Go to the Swap page.

• Action: Click the Connect Wallet button at the top of the page.

• Why: The interface must link to your wallet to load your asset balances and enable the MAX button functionality. Ensure your wallet is set to the Gonka network.

2

Configure the Swap

• Action: The page is prepopulated with GNK (Source) and axlUSDT (Destination).

• Select Token: If you wish to trade different assets, click the token name to open the selection menu.

• Amount: Enter the amount you wish to trade. The "Destination" field will automatically calculate the expected return based on the current pool ratio.

3

Token Approval

• Action: If this is your first time trading a specific asset, click the Approve button and sign the permission in your wallet.

• Definition: Approval is a one-time security measure that grants the Onyx smart contract permission to interact with that specific token in your wallet.

4

Execute and Confirm

• Action: Once the button changes to Swap, click it to open the confirmation window. Review the final details and click Confirm Swap.

• Final Step: Authorize the transaction in your wallet. Your new tokens will appear in your balance as soon as the network confirms the trade.

---

Advanced Settings (⚙️ Icon)

Custom Slippage %

This is the maximum price change you are willing to accept. You can select a preset or input a custom percentage. If the price moves beyond this limit before the trade confirms, the transaction will fail to protect your value.

Transaction Deadline

This is a custom expiration timer (e.g., 20 minutes). If the network is congested and your trade is not processed within this time, it will automatically revert so you do not execute a trade at an outdated price.

Fee Transparency

Every swap on Onyx includes a 0.3% fee:

• 0.2% is paid to Liquidity Providers.

• 0.1% is reserved for Protocol growth.

---

Key Terms & Definitions

AMM

Automated Market Maker is the system that allows you to trade directly against a liquidity pool rather than waiting for a specific buyer or seller.

axlUSDT

A stablecoin pegged to the US Dollar, bridged to the Gonka network via Axelar.

GNK

The native utility token of the Gonka network, used for network transactions and protocol participation.

Price Impact

The estimated change in the market price of the token caused specifically by the size of your trade.

Minimum Received

The lowest amount of tokens you will receive if the price fluctuates during the transaction. This is determined by your Slippage settings.