What is Tiki Exchange? A Comprehensive Guide for Beginners on How to Use Tiki Exchange

Tiki Exchange, a term that may still be foreign to many, is quite familiar to those acquainted with the name Astra exchange. This article will unveil and provide guidance on how to trade on Tiki Exchange, specifically for beginners. By the article’s end, you will thoroughly understand Astra and Tiki Exchange and be equipped with the knowledge to execute Astra and Tiki xu transactions seamlessly on this platform. Join us as we delve into this exploration along with FPT Shop!

What is Astra?

Astra (ASA) represents a cutting-edge approach to rewarding in the digital era by establishing a decentralized, globally accessible reward points system. This solution empowers individuals and organizations to distribute rewards transparently, securely, and reliably through Web3 and Blockchain technologies. By utilizing Astra, customers can redeem their reward points for a variety of shopping incentives, ranging from free shipping and discount codes to membership upgrades. Furthermore, Astra reward points offer users the opportunity to increase their point value by engaging in trading on the Tiki Exchange platform, unlocking compelling earning potential.

What is Tiki Exchange?

Tiki Exchange is a distinct exchange platform developed by Tiki, leveraging Blockchain technology to facilitate the exchange between Astra and Tiki xu. This enables users who possess Astra to convert it into Tiki Xu for other users, and conversely, those who have accumulated a substantial amount of Tiki xu can utilize it to purchase Astra on Tiki Exchange.

Transactions on Tiki Exchange are executed exclusively between individual accounts on the Tiki application, forming a secure and closed-loop trading community. Astra is a reward point earned through shopping, while Tiki xu is accumulated via activities and tasks within the application and can be topped up at a 1:1 ratio, enhancing flexibility and utility for users.

Tiki Exchange introduces a novel investment and consumption channel, harnessing the power of Blockchain technology to create tangible value for users while solidifying Tiki’s pioneering position in adopting technology within the e-commerce sector.

A Beginner’s Guide to Trading on Tiki Exchange

For those new to the platform, comprehending the mechanics of trading on Tiki Exchange is a crucial first step. Here is a fundamental guide on how transactions operate within this platform:

If you possess Astra (ASA), you can place a sell order. Conversely, if you have Tiki xu, you can place an order to purchase Astra. When you place an order, the Astra or xu are not automatically transferred to your account immediately. Instead, you must await a suitable buyer willing to purchase your Astra at your desired price or a seller willing to sell Astra at a price you are comfortable with to facilitate your purchase.

For Example:

• If you have 100 ASA and wish to sell them for 150 xu, you must wait for a buyer willing to acquire your Astra at 150 xu or higher.
• If you have 50K xu and desire to purchase Astra at 170 xu, you must be patient until a seller offers Astra below 170 xu.
• Trading on Tiki Exchange is designed to be simple and convenient. To match your trade orders, simply follow these steps:

Step 1: Access Tiki Exchange

To initiate trading on Tiki Exchange, the first step is to access the platform either through the Tiki application or the website. Here is a detailed guide to ensure your smooth access:

Via the Tiki Application:

• Launch the Tiki Application: Initiate the Tiki application on your mobile device.
• Select the “Me” Section: Locate and tap on the “Me” option on the main interface of the application.
• Access Astra: From the available options, select “Astra” to continue.
• Enter Tiki Exchange: Finally, select “Tiki Exchange” to commence exploring and trading on the platform.

Via the Website:

• Visit the Website: Simply navigate to the Tiki Exchange website here.
• Choose Tiki Exchange: Locate and select “Tiki Exchange,” usually prominently displayed on the homepage or within an easily accessible menu.

Step 2: How to Match Trade Orders on Tiki Exchange

Upon successfully accessing Tiki Exchange, you will be presented with two primary options for executing trades: matching buy orders and matching sell orders. Depending on whether you possess Tiki xu or Astra, you will decide to place a buy or sell order to optimize your profits.

Trading Interface:

As you open the Tiki Exchange interface, you will be greeted with a screen providing comprehensive information. The crucial element to note is the most recent Astra price. To secure a profit, you must execute your trade such that your Astra’s selling price is higher than or at least equal to the prevailing Astra price in the market. Placing a sell order below the most recent price significantly increases the likelihood of an immediate sale. For buy orders, the process is reversed.

Matching Sell Orders:

• Red Sell Button: Upon clicking, the displayed interface will inform you of the amount of Astra you possess and are eligible to sell.
• Amount of Astra to Sell: Input the quantity of Astra you wish to sell. If you only intend to sell a portion, quick options for 25%, 50%, 75%, and 100% of your Astra holdings are available.
• Astra Selling Price: You are only able to sell at the current market price.