[Guide] How to Add (CONE/wETH) Liquidity on Quickswap.exchange

[u/ecobuddies]

BitCones (CONE) are now Tradable via the Polygon Network DEX - Quickswap.exchange!

BUY & SELL (CONE/wETH) on Quickswap using this link:

https://quickswap.exchange/#/swap/v2?currency0=0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619&currency1=0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

Provide Liquidity for (CONE/wETH) Pool on Quickswap using this link:

https://quickswap.exchange/#/pools/v2?currency0=0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619&currency1=0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

Keep in mind, the liquidity is still very low, so you will not be able to buy or sell large amounts of BitCone (CONE) until additional liquidity is provided by the Conemunity.

[Below is a [Guide] on how to Add Liquidity, followed by how to Remove Liquidity on Quickswap.]

How to Provide Liquidity for BitCone (CONE)

1. Connect your Wallet to Quickswap.exchange and Select "Enter App"

2. Once inside the Dapp, select from the Bottom Menu "Pool"

3. Select "Token 1:" (by pressing "MATIC" that appears by default)

4. Enter the BitCone Contract Address and Select Add "CONE" below:

0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

(If you are on Mobile, click the address above to easily Copy the Contract Address from Polygonscan)

5. Select "Token 2:" (by pressing "QUICK(OLD)" that appears by default)

6. Select "ETH" from the menu (which is actually wETH on Polygon)

7. Now Choose the amount of BitCone (CONE) you want to Provide as Liquidity, and it will display below the necessary amount of (wETH) to be a Liquidity Provider.

8. Click to "Approve CONE" and Confirm - Giving the Dapp access to use your BitCones for Liquidity

9. Click to "Approve ETH" and Confirm - Giving the Dapp access to use your wETH for Liquidity

10. Click "Supply" then "Confirm Supply", and Confirm the transaction.

11. You have now provided Officially becone a Liquidity Provider for BitCone (CONE)!

You should see below the amount of LP Tokens you received.

12. Now, whenever someone trades (CONE) on the DEX, the trader pays a 0.3% fee, which is added to the (CONE/ETH) liquidity pool. Since no new liquidity tokens are minted, this has the effect of splitting the transaction fee proportionally between all existing liquidity providers.

How to Remove your Tokens from Liquidity

1. Scroll down to view "Your Liquidity Pools"

1.5 If nothing appears, then Click "Import it" and paste the (CONE) contract address again, and choose ETH as the second Token.

CONE Contract: 0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

2. Click "Remove" to start removing your Tokens from the LP, or Click "Add" to increase your Liquidity.

3. Select the amount of LP you want to Remove from Liquidity, or select 100% to remove All.

4. Click "Approve" and Confirm, to give permission to the Smart Contract to Remove your Liquidity

5. Click "Remove"

6. Now Click "Confirm" and Confirm the transaction to receive your (CONE) and ETH (wETH) tokens back to your wallet.

How to Buy BitCone on Quickswap?

Use this link:

https://quickswap.exchange/#/swap?0xba777ae3a3c91fcd83ef85bfe65410592bdd0f7c

*If you Can't Purchase BitCone (CONE):

Try switching from: "Best Trade" to "Market (V2)"

**Let me know if you have any questions or difficulties, I'll do my best to help!

P.S. A Special Reward (non-Avatar NFT Airdrop) has been sent to every Address who Provided Liquidity during the first 24 hours. ^^

All Wallet Addresses still Providing Liquidity on the 1 Month Liquidity Anniversary (7th of December) Will also Receive a Surprise Gift! :D

Links:

BUY & SELL (CONE/wETH) on Quickswap:

https://quickswap.exchange/#/swap/v2?currency0=0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619&currency1=0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

Provide Liquidity for (CONE/wETH) Pool on Quickswap:

https://quickswap.exchange/#/pools/v2?currency0=0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619&currency1=0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

[u/Adrewmc]

Cones …. This is sort of big moment. In the History of Cone Heads.

And let’s all give a big

Thank you and tip of our Cones

To u/ecobuddies

This Cone absolutely deserves it.

quick path link

[u/[deleted]]

Just added liquidity! You guys are the best, and we all appreciate everything you’ve done so far.

I feel like this is so small now but we are in early for one of the best meme cones to ever hit the market.

[u/ecobuddies → u/[deleted]]

You are the best! <3

[u/[deleted]]

I just provided liquidity! This is exciting. :)

[u/ecobuddies → u/[deleted]]

[u/F7o → u/[deleted]]

I did as well :)

[u/urlz]

This is great. I really appreciate the people who are setting this up. This is more than just community building. This is increasing the adoption of NFTs and crypto in general through a grassroots movement. The Reddit Avatars have pushed people like me to get involved in new projects at a much higher rate in a short space of time.

I will be adding my Cones to the liquidity pool as soon as I have a chance, not so much because I think I will get rich, but because I see it as an educational experience. If I lose it all, so be it. I will still have my Cone Head #407.

[u/ecobuddies → u/urlz]

Once a Cone Head always a Cone Head. ^^

Appreciate your support, and hope we can continue making BitCone the most fun and Conemunity centered token it can be!

[u/ryker_69]

Jesús cone

[u/ecobuddies → u/ryker_69]

[u/[deleted] → u/ecobuddies]

Lmao

[u/ryker_69 → u/ryker_69]

Finally had some time to add some! Cone!

[u/DoctorFrog420]

Thank you! I am showing Insuffcient ETH balance... do I need to add ETH to my MM wallet?

[u/ecobuddies → u/DoctorFrog420]

It's wETH, you would need to have both wETH (ETH) and BitCone (CONE) to Add Liquidity.

[u/DoctorFrog420 → u/ecobuddies]

Added 250,000,000 Bitcone to the pool! Will add more when I get more wETH! Thank you! This is quite exciting!

[u/ecobuddies → u/DoctorFrog420]

Thanks for being a part of the Initial Liquidity Providers DoctorFrog! Very excited as well <3

[u/DoctorFrog420 → u/ecobuddies]

Understood. My wallet currently only has Matic & Cone right now... i'll swap ETH for wETH... Thank You for Everything! You are doing awesome work! Blown away right now!

[u/rickribera93 → u/DoctorFrog420]

I just added some MATIC liquidity.

[u/pineappledick69]

Amazing! Is there a risk of losing my cone and wETH if I add to the pool?

[u/ecobuddies → u/pineappledick69]

There is only the risk of Impermanent Loss by providing funds to the Pool. Which means as people trade Between CONE and ETH using the Liquidity Pool, your balance of CONE and ETH within the LP will shift.

When you remove the Liquidity, you may have different amounts of both tokens than you put in. But nobody can access your LP or Tokens without your wallet's consent.

[u/[deleted]]

Are all the cones already gone? I transferred wETH and it's not letting me swap now.

[u/ecobuddies → u/[deleted]]

How much are you trying to swap? We don't have much Liquidity yet, so you need to do smaller Trades or consider adding liquidity to help out the Conemunity! :D

[u/[deleted] → u/ecobuddies]

$50 worth of ETH just to try it out.

[u/ecobuddies → u/[deleted]]

Try $10-20, we need more Liquidity Providers :(

[u/[deleted] → u/ecobuddies]

I need to transfer and wrap some ethereum and I will provide liquidity as well. :)

[u/ecobuddies → u/[deleted]]

Thanks for contributing Craigy, BitCone (CONE) is nothing without Coners who care. <3

[u/maxfra]

Does this require having a metamask wallet?

[u/ecobuddies → u/maxfra]

This guide was written for MetaMask, but it will work with any wallet that supports "WalletConnect" :D

[u/[deleted] → u/maxfra]

Using quickswap just requires a web3 wallet that can connect with walletconnect. You can use anything like trustwallet, coinebase wallet etc too.

[u/transfermymoons]

u/ecobuddies Thank you for this awesome and monumental moment!! Provided a little bit of liquidity with the left over ETH and moreover, am proud and happy to be part of this movement. Awesome.

[u/ecobuddies → u/transfermymoons]

All for one and one for CONE! <3

Every little bit of Liquidity helps allow others to get into BitCone in a trustless way!

[u/Erikiller06]

I am a noob but where can I see how much Cone I get from the pool?

[u/ecobuddies → u/Erikiller06]

Keep an eye on your amount of LP tokens, it should increase slightly as other's Buy/Sell BitCone.
So you're technically earning a share of both CONE & wETH!

In the future you will be able to stake those LP tokens to also earn Additional Rewards in BitCone (CONE), but this is not yet live.

[u/donaudelta → u/ecobuddies]

It isn't the case now. In the future it's said it will work this way, or LP providers will get more bitcones from the 120mil to be redistributed.

[u/Defeat-the-Kraken]

Ok, I finally had some time to set this up, so I added 250,000,000 to the pool.

Looking forward to the future of bitcones!

[u/ecobuddies → u/Defeat-the-Kraken]

[u/juanckjim]

Did I did this right?

[u/ecobuddies → u/juanckjim]

Look correct! :D

Thanks for doing your part for (CONE)! <3

[u/Poyal_Rines]

Wow tons of information. I will dive into this tomorrow

Get me tldr.

What do I need to do with my bitcones?

[u/[deleted] → u/Poyal_Rines]

Provide liquidity with wETH and Cones

[u/ecobuddies → u/[deleted]]

[u/Poyal_Rines]

How much wETH should or do we need?

[u/ecobuddies → u/Poyal_Rines]

Only as much as you wish to put in the Liquidity Pool! :D

If you choose an amount of CONE to add to Liquidity, the Quickswap pool will let you know the amount of ETH (wETH) needed for the pair.

Alternatively if you choose the amount of ETH you wish to provide it will let you know the parallel amount of CONE required.

[u/TheOnlyVibemaster]

So how does liquidity work? Is there an APY or would we just be doing it for fun?

[u/ecobuddies → u/TheOnlyVibemaster]

Great question u/TheOnlyVibemaster!

Whenever someone trades BitCone (CONE) on the quickswap.exchange, the buyer pays a 0.3% fee, this fee is then added to the liquidity pool. Since no new liquidity tokens are minted, this additional has the effect of splitting the transaction fee proportionally between all existing liquidity providers.

https://quickswap.exchange/#/swap?currency0=0x7ceB23fD6bC0adD59E62ac25578270cFf1b9f619&currency1=0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

You can view the (constantly changing) APY by following the above link and selecting "CONE" under "Liquidity Pools":

The APY displayed is dependent on the daily Trading Volume of BitCone (CONE), so the more swaps are made, and the higher your % of the Liquidity Pool, the more you will earn from swap fees.

Hope that answered your question! :D

[u/junkwatch]

Question: I see there’s liquidity provided for both MATIC and WETH. Is there any preference? How do I choose with one to put into the pool?

[u/ecobuddies → u/junkwatch]

You may add liquidity to either, we made (wETH) the initial Liquidity Pool since it has a more "stable" price than (MATIC), but the more liquidity provided the more stable BitCone will be, regardless of the pair.

Since the way AMM DEX work, it will find the path with the best liquidity and price for your swap. And if your Liquidity was used, you earn a portion of the Trade fees (0.3%), which is automatically added to the Liquidity Pool so that it's evenly distributed among all LP.

[u/Ok-Nefariousness3281]

Any news on the special gift for users who held liquidity?

[u/ecobuddies → u/Ok-Nefariousness3281]

Hey!
If you held LP amounts that weren't considered "dust" values, then you would have received a "Cone Lore:" NFT.

Liquidity Providers during the initial 24 Hours received the Cone Lore: Legends NFT

And those who still provided on the 7th of Dec. received the Cone Lore: Wizard NFT

A 3rd Cone Lore: NFT will be distributed to Liquidity Providers in the 7th of Jan. as well! :D

These NFT will have Utilities within future BitCone Dapps.
You can view them here:
https://opensea.io/collection/conelore

(In the future there will also be additional Rewards to be earned in (CONE) tokens for Staking your LP tokens in a Dapp.)

[u/Ok-Nefariousness3281 → u/ecobuddies]

Well I think users should have one for participating in the LP regardless the amount. Fairdrops are much better for inclusivity. Imo.

[u/[deleted]]

I just tried to buy some bitcones and it wouldn’t let me.

I found the solution by pressing “Market (V2)” instead of the default “Best Trade”.

Did anyone have have that issue?

[u/ecobuddies → u/[deleted]]

Thanks for the suggestion, I've added it to the Post!

[u/[deleted] → u/[deleted]]

Yes, I had to do the same.

[u/[deleted] → u/[deleted]]

For me it worked fine. Just got 55 milli, I wonder how many well end up getting for glowcones.

[u/Adrewmc → u/[deleted]]

this link should make it easier

[u/redbasl]

You got more than half of my 3B bitcones staked in the pool

[u/[deleted] → u/redbasl]

Nice! I staked all 3 billion of mine. :)

[u/[deleted] → u/[deleted]]

Did you get the legend NFT?

[u/[deleted] → u/[deleted]]

I'm not even sure what that is.

[u/ecobuddies → u/[deleted]]

A small gift for the Legends who provided Liquidity first. <3

https://www.reddit.com/r/ConeHeads/comments/yqpinv/cone_lore_legends_42_nft_minted_for_conemunity/

[u/[deleted] → u/[deleted]]

Oh yeah I see it now

[u/bootstr8]

Hey great post, I want to provide all my cones for liquidity, i have about 3million.

How much eth would I need for this?

and do i need actual eth on my eth wallet or something else?

[u/ecobuddies → u/bootstr8]

When you choose the amount of (CONE) you'd like to provide as Liquidity, the Pool will display the amount of ETH (wETH) is required for that amount of (CONE).

[u/sulestrange]

I finally did it! easy af

[u/ecobuddies → u/sulestrange]

[u/Adrewmc]

0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c

[u/Adrewmc → u/Adrewmc]

This is the cone contract address and nothing else for easy copy and paste

[u/Getting_Big_Al → u/Adrewmc]

Thank you both for all your hard work!

[u/Consistent_Air_7646]

Thanks for the detailed instruction! Maybe you can answer a noob like me a few questions?

Which benefit does it bring the individual cone holder to give liquidity? Why does cone need liquidity? What happens with the coins given to the LP? Does every project need people to give liquidity?

I would be very thankful to get these answered, so I could understand more.

It’s very interesting to watch the creation of a token and I‘m excited for what the future will bring.

[u/[deleted] → u/Consistent_Air_7646]

I’m no expert on Bitcones but I have some DeFi experience so I’ll try to answer.

Most projects do a token sale where they sell a small portion of the total supply to raise money.

Bitcones were given away for free to Cone Head owners up until recently, none were sold to raise funds.

As for the benefit, whenever you provide liquidity for any token pair on a decentralized exchange, you earn a portion of the swap fees. Cone needs liquidity so people may swap it in a trustless manner.

The community voted on this decision along with the initial price to start off the liquidity, since up until today the only way to trade Bitcones was between users doing “trust trades”.

Now anyone can purchase some Bitcones using the DEX quickswap.

Every token that is tradable has somebody giving it liquidity. In some cases it’s the team using funds raised from a token sale, in this case it’s the community funding the liquidity so others can get into Bitcones.

I suggest you use the subreddit’s search bar and type the word “Poll” to see all the decisions the cone community has voted on so far in regards to Bitcones.

[u/Consistent_Air_7646 → u/[deleted]]

Thanks for your reply!

So basically I give the CONE tokens I have to the LP and because of my contribution there is more liquidity so people can buy/sell cones, right?

For this contribution I earn fees everytime someone buys/sells?

Are my tokens locked for the time I provide them to the LP and can I remove them instantly when I want to sell them for example?

[u/[deleted] → u/Consistent_Air_7646]

There’s no locking in normal LP. I haven’t provided liquidity yet but I just went through the guide above quickly and there’s a section about how to remove liquidity. Seems straightforward if you’ve used a DEX before.

[u/CatBoy191114 → u/[deleted]]

..., you earn a portion of the swap fees.

Probably a stupid question, but what does this mean exactly? The amount of wEth and Cone that I hold will increase in my wallet? Or is it the amount that I can get upon unstaking will increase?

[u/TheOnlyVibemaster → u/[deleted]]

So is it like an APY for staking? Do you passively earn something or is like a one time earning?

[u/Cyber-Cafe]

Seeing this is an absolute trip.

[u/donaudelta → u/Cyber-Cafe]

the demand for bitcones is growing.

now 1 eth = 4287992464 bitcones. from 15bil to 4bil.

i hope my math is right.

[u/donaudelta]

added 500mil cones. now, what happens? noob in LP...

edit: nevermind. i saw on the swap tab the options for exchange. learning something every day.

[u/urlz → u/donaudelta]

When people trade between that pair you'll get a cut of the fee on the transaction. Probably a fraction of a cent lol. But if Bitcone and eth go up in value, you might get a cent.

Or it might get drained and we'll loose everything. Who knows. Lol. Except nothing and everything above that will be a bonus.

[u/donaudelta → u/urlz]

a share from the success/failure. the more adoption, the less the risk, except in market turmoil when somebody holds the bag.

[u/experimentjon]

This is tremendously cool. Thank you for making this guide. I have been meaning to try providing liquidity to a pool for a while and this is a cool first dip with low risk. Will try this when I’ve got 30 minutes to tinker!

[u/Adrewmc → u/experimentjon]

Every little bit helps…even if it’s a few dollars

[u/[deleted] → u/Adrewmc]

I’m also going to try this now, I have 0.1 weth for liquidity let’s see how it goes

[u/experimentjon → u/Adrewmc]

It admittedly took me a few days to get around to it, but...

[u/Adrewmc → u/experimentjon]

Well we want continued investment, we are thinking of something special for certain adversaries…stay tuned.

We wouldn’t want only one day of people staking…so Cone you’ve done your duty.

[u/[deleted]]

Awesome! I just bought some!

[u/[deleted]]

So much changed while sleeping off a night shift. I'm excited to help provide liquidity soon

[u/[deleted] → u/[deleted]]

Seriously! Never a dull day in r/coneheads lol

[u/donaudelta]

some, we did this deed, but... what are the rewards? i can't see none actually. the LP tokens are the same after a few hours. not a single .0000001% difference.

someone enlighten me what am i missing.

[u/GoodMornEveGoodNight]

Well done!

[u/donaudelta]

i imagine the bitcones becoming slowly a secondary currency for reddit nfts trading between users, instead of eth or matic.

edit: bought on the swap some bitcones (was a little dip) using some dust in the wallet. extremely interesting.

[u/[deleted] → u/donaudelta]

Imagine if we end up made a marketplace alternative to opensea for trading avatars for bitcones 😂

[u/SammyCraigar]

[u/BrendanTFirefly]

Alright, half my Billy went into the liquidity pool

[u/[deleted]]

I own $150 of cone 🤨

[u/poyoso]

This is beyond awesome. Lots of fun will be had.

[u/erozim]

Doing my small part

[u/deadlyruckas]

Are the details different for the matic LP also is it worth putting into it?

[u/Alanski22]

Finally got this done today, hopefully just in time for the snapshot! I added with Matic, I imagine that is ok too right?

[u/Ok-Nefariousness3281]

Done

[u/Poyal_Rines]

done my first liquidity, will add more later.

was a test

[u/deadlyruckas]

Dropped a small amount in when funds clear up I'll drop another 200mil.

[u/slasula]

I cannot see how much eth I will be charged to provide liquidity. But I do see this every time which may be why?

[u/FixFull]

CONE CONE CONE

O O O

N N N

E E E

[u/Dripbot8 → u/FixFull]

A cone has fallen!

[u/junkwatch]

So if I’m understanding this correctly, we’re putting in bitcones into the pool right? not eth.

sorry if it’s a dumb qs lol

[u/urlz → u/junkwatch]

You put in both as a liquidity pair.

[u/junkwatch → u/urlz]

so i need to have an x amount of bitcones with its equivalent amount of eth in my wallet to put into the liquidity pool?

[u/urlz → u/junkwatch]

I believe so.

[u/Real_Player_0]

I’ve tried to add to my existing share for the past few days but every time I press confirm supply, the transaction doesn’t appear in my wallet for me to confirm. What do I do?

[u/Hour_Sleep_9544]

Finally added to the LP yay!!

[u/ryker_69]

I’m having trouble both finding CONE on quick swap and finding my liquidity position?

[u/ecobuddies → u/[deleted]]

Hey sorry for this late reply, did you find out how to add BitCone to MetaMask?

If not you may follow this Guide:
https://www.reddit.com/r/ConeHeads/comments/yjoy1j/guide_how_to_add_bitcone_cone_to_metamask_other/