Calculating the Number of Current Pre-Sale Tokens (LP) Using MetaMask
As a token holder, it is essential to understand how to calculate the number of current pre-sale tokens (LP) from your holdings. In this article, we will walk you through the process using MetaMask as our trusty assistant.
What are LP tokens?
LP tokens are native tokens that have value in a specific token pair, such as BNB-ABC or ETH-BNB. They are used to facilitate liquidity on decentralized exchanges (DEXs) and allow holders to earn returns on trading positions in another token.
Step 1: Access MetaMask
Open your web browser and go to [metamask.io]( If you don’t have an account, create one by clicking “Get Started” and following the instructions. You can either use a wallet provider like MetaMask or a hardware wallet like Trezor.
Step 2: Connect your wallet
Connect your chosen wallet to MetaMask. For this example, we will assume that you are using MetaMask with Ethereum (ERC-20) support.
Step 3: Find LP token details
In your MetaMask dashboard, go to the “Wallet” menu and select “Token List”. Here you will see a list of all your supported tokens, including LP tokens. Look for the LP token for which you want to calculate the number (e.g. ABC).
Step 4: Get the LP token symbol
After you have selected the LP token, click on it to see its details in the “Token List” section. Look for the LP token symbol. The symbol is usually a string with an “L” prefix (e.g. “L-ABC”).
Step 5: Calculate the number
Now that you have the LP token symbol, use MetaMask to calculate the number of its tokens. Here is how:
a. Open your MetaMask wallet and go to “Token List”.
b. Select the LP token with the desired symbol.
c. Click the “Number” button next to the LP token name.
Step 6: Get the Total Token Supply
To calculate the number of LP tokens, you will also need to know their total supply. You can find this information on your MetaMask dashboard:
a. Go to the “Wallet” menu and select “Token List”.
b. Select the LP token with the desired symbol.
c. Click the “Token Info” button next to the LP token name.
d. Look for the “Total Supply” field, which displays the total number of tokens in circulation.
Step 7: Calculate the Number
Now that you have both the LP token symbol and its total supply, you can calculate the number using the following formula:
Number = Total Supply / Symbol
For example, let’s say the LP token has a total supply of 10 million tokens and its symbol is “L-ABC”. You would divide the total supply by the token (in this case 1) to get the number.
Number = 10 million / 1 = 10 million ABC tokens
Conclusion
Calculating the number of LP tokens from your holdings using MetaMask has never been easier. By following these steps and understanding how to access and calculate LP token details, you will be able to easily track your holdings and stay informed about market developments.
Remember to always keep your MetaMask wallet private and secure to avoid potential liquidity issues on decentralized exchanges. Happy token trading!