💦Managing Liquidity
Coin Genie provides a comprehensive set of tools to manage liquidity for your tokens, ensuring smooth trading and stability.
Opening Trading:
Navigate to the Trading section on the Coin Genie platform.
Choose the "Open Trading" option.
Specify the desired amounts of tokens and ETH.
Determine the minimum amounts to ensure optimal trading conditions; a minimum of 1 ETH is recommended for stable trading and to minimize volatility.
Confirm and approve the liquidity addition.
Locking Liquidity:
To ensure trust and stability, you can lock your liquidity for a specified duration:
In the Liquidity Management section, select "Lock Liquidity".
Determine the duration for which you wish to lock the liquidity.
Confirm and approve the locking action.
Managing Locked Liquidity:
Coin Genie offers tools to adjust or remove locked liquidity based on your needs:
Navigate to your locked liquidity details.
Choose actions like "Extend Lock Duration", "Add to Lock", or "Withdraw".
Follow the on-screen instructions to confirm your choices.
🧞NOTE: Remember, managing liquidity efficiently can enhance trust in your token and ensure smooth trading experiences for your users.
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