Main Function and Benefit
Last updated
Last updated
When you enter Clutch, the first screen you see is the Mission. If you participate in a mission, you will receive MVP as a reward. The total MVP received as a reward can be checked in the upper right corner.
If you click on the mission group you want to participate in, you can check the detailed mission.
If you click the More button, you can find out how to participate in each mission group.
At the Shop tap, you can use the MVP you have collected to purchase the coupons you want.
The coupons currently available for purchase are the TADA Ride Coupon and the ONiON T1 Battery Swap Coupon. These coupons are only available in Cambodia for a limited time. Various types of coupons that can be used in more regions will be added in the future.
Please click on the coupon you wish to exchange.
Check the MVP quantity corresponding to the coupon price and click the Buy button.
1 MVP is worth 1 bMVL. Therefore, the quantity of MVP changes in real time according to the price of bMVL. Please take note of this.
A detailed description of the coupon can be found in the description below.
Please recheck the coupon and MVP quantity you wish to purchase and click the Buy button.
Please enter your PIN number.
If the purchase is successful, the Success screen will appear. Please click Go to Purchase Items button. Please note that clicking the Shop button will direct you to the Shop tab.
If you go to Collection in Wallet, you can check the list of coupons you have purchased.
If you have connected Clutch and TADA in advance, the coupon number will be automatically registered in TADA's My Voucher when you purchase a TADA Ride Coupon.
Please see below for how to connect Clutch and TADA.
If the coupon was not automatically registered, click on the coupon you purchased.
Please COPY the coupon code and enter the coupon number directly into TADA's My Voucher section. Or, click Go to use button to be redirected to TADA and register the coupon number.
If you want to check the tokens on Binance Smart Chain, please click on the arrow.
By clicking, you can check the tokens that correspond to Binance Smart Chain and the quantity that you possess.
Tokens can be received, transferred, and exchanged.
When receiving tokens, you can set the amount by using + Amount.
You can also send your own QR code to friendsâ messenger through Share QR.
When sending tokens, enter the recipient address and amount to send and press the Send button to complete the transfer.
A small fee will be incurred when sending tokens. Tokens charged for fees correspond to mainnet coins. The amount of fee required may vary depending on the amount of tokens being sent and the timing of the transfer.
For example, when sending bMVL, a small amount of BNB is required as a fee, and when sending MVL, ETH is required as a fee.
Therefore, please keep in mind the fee when making a transfer.
Mainnet Coin
BNB
ETH
XTZ
KLAY
Supported Token
bMVL, BTCB, USDT, BUSD
MVL, USDT
tzBTC, kUSD, QUIPU
GXA
The BNB Chain and Ethereum network allow for exchange of tokens that use the same network.
For example, BNB can be exchanged for bMVL and ETH can be exchanged for MVL.
Mainnet Coin
BNB
ETH
Supported Token
bMVL, BTCB, USDT, BUSD
MVL, USDT
When exchanging tokens, enter the quantity to be exchanged and press the Swap button after confirming the quantity of tokens to be generated by the exchange.
Just like with transfers, a small fee is incurred when exchanging tokens.
In addition, you should also consider the provider and price impact.
Provider refers to a decentralized exchange(DEX) used to complete the exchange.
DEX DEX stands for token exchange that operates as a smart contract. Unlike solicitation and selling, it is common for two types of tokens to be paired, and when one token is inserted, the other token is withdrawn (AMM DEX).
This means that if your contract contains a BNB-bMVL pair, you can send BNB to receive bMVL. The exchange rate between tokens on a DEX is maintained close to the centralized exchange rate by arbitrageurs.
BNB Chain is connected to the DEX(Decentralized Exchange) Biswap, while Ethereum is connected to the DEX Uniswap.
Price Impact refers to the difference between the market price and the price incurred when swapping two tokens. It is also referred to as Slippage.
Please refer to the following content for more information.
Price Impact As mentioned earlier, AMM transactions work in such a way that the product of the two tokens deposited in the contract is always constant.
X*Y=k, (X,Y is the number of tokens, k is a constant)However, according to this formula, when you trade, a price difference from the market price occurs, resulting in a certain amount of loss.
Let's look at the following example. Assuming the current price of Ethereum is 2,000 USDT,
Current Status
10
20,000
200,000
-
-
Sell ââ1 ETH
11
18,181.8
200,000
1,818.2
181.8
Buy 1 ETH
9
22,222.2
200,000
2,222.2
222.2
In the example above, if you sell 1 ETH, AMM will put 1 ETH into the pool and take out the corresponding USDT, and if you buy 1 ETH, you will put USDT in and take out ETH. At this time, the product of the ETH quantity and the USDT quantity remains constant at 200,000.
However, the actual contract price is different from the Ethereum price of 2,000 USDT. If you sell ETH, you will receive 181.8 USDT less, and if you buy ETH, you will buy with 222.2 USDT more.
As an example, the price impact is the loss incurred by the token trader due to the AMM algorithm.
If it is not a mainnet coin, in order to exchange assets, you must allow the smart contract to access the assets. This process is executed only once per token and requires a small fee. Please refer to the details below for more information.
Smart Contract
A Smart Contract is a type of automated contract based on blockchain technology. It is written in programming code and automatically executed or produces results when certain conditions are met. Smart Contracts help to facilitate trustworthy transactions between contracting parties without intermediaries.
Unlike typical legal contracts, Smart Contracts are written in programming languages and deployed on blockchain networks. When the conditions defined in the contract are met, the code is automatically executed, leading to specific actions or transactions. Smart contracts are difficult to change and provide reliability and safety because the code is protected by the immutability and decentralized nature of the blockchain.
Examples of Smart Contracts include cryptocurrency transactions, asset exchanges, voting systems, and digital asset issuance. These smart contracts run in a transparent and reliable manner due to the nature of the blockchain. It also helps smooth transactions between contracting parties without intermediate intervention.
â Click Approve on the Approve Wallet window.
⥠Please check the fee and click Confirm.
âĸ Once you enter your previously registered PIN number, the exchange of tokens will be possible.
DApp is a tab for web browsing within Clutch. For websites that require wallet connection (such as DEX, DeFi protocols, NFT issuance sites, etc.), you can connect your Clutch wallet through the DApp Browser to use the DApp.
Please refer to the following instructions for detailed usage.
DApp DApp stands for Decentralized Application, which refers to an application integrated with smart contracts. Although servers play many roles, Web3 applications that include smart contracts are generally called DApps. DeFi protocols such as DEX or Lending Protocol, NFT markets such as Opensea, and NFT publishing sites are commonly referred to as DApps.
â Select the globe image in the Wallet tab of Clutch.
⥠Click on the Ethereum image to choose the network as either Ethereum or BNB Smart Chain.
âĸ If you enter the URL you want to go to and click confirm, a warning message will appear.
âŖ Click I got it in the warning message to go to the corresponding URL.
⤠If you leave the URL, your search history will be recorded in the History.
