How to: Trade SocialBlox (SBLX)

First of all, it is important to understand that SocialBlox is an app where you can use the SBLX token for challenges. You can download this app in the App Store or Google Play Store. You can transfer the SBLX token from Knaken to your account in the SocialBlox app.

If you want to sell SBLX, you can currently only do so via Uniswap (a DEX).

SocialBlox is currently looking for a better solution, so this may change in the near future. For more information, you can contact the project itself. They have a close-knit community and are easily reachable via their telegram channel.

Below are instructions for trading SBLX via Uniswap:

Note: Using Uniswap is quite expensive due to high Ethereum network fees at the moment. Expect to spend at least 10 euros on "gas fee" for the following actions.

1. Create a crypto wallet like MetaMask. Verify this external wallet with Knaken. Here you can find the instructions on how to do that.
2. Now send SBLX to your external wallet. In the Knaken app, find the "send" button under SBLX and then select your external wallet address as the recipient address. Choose “Ethereum” as the network.
3. Make sure you also have enough ETH in this wallet to pay for future transaction fees. If you don't have any, you can also send ETH from Knaken to this wallet.
4. Wait until the SBLX coin is transferred to your external wallet via the Ethereum network. This may take some time depending on network traffic.
5. Open the MetaMask wallet on your computer or smartphone. If you don’t see the SBLX Coin in MetaMask by default, you need to add it manually. Read more about that here.
6. Open the Uniswap app and connect your wallet. Here you can swap the SBLX token for ETH.
7. Once successful, you can transfer the amount of ETH back to your Knaken account. For this, use a general deposit address that you can find under Ethereum deposit. This is the Knaken receiving address that you will find: 0xd8b81f965ea9348e2013d9cc5cc7e942d33c9006
8. Choose "send" in MetaMask and enter the above address as the recipient address.

Within half an hour, you will find the ETH balance back in your Knaken account, and you can sell it for euros if desired.