Token States
  • 🏬 Welcome to Token States!
  • ❓ FAQ
    • How does it work?
    • TS tokens
      • What is TS tokens?
      • How to mint TS token?
      • How can I make money?
      • How to buy TS tokens?
      • Can I refund my purchase?
      • What is a lock period?
      • I can't see my TS tokens in the wallet
      • How to transfer TS token?
      • How to receive my USDT back?
    • Crypto wallets & networks
      • Key terms in Web3.0
      • What is Wallet?
      • Switch Network
        • Trust Wallet
        • MetaMask
    • Why unlock USDT tokens?
    • What is KYC?
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    • 🌐Token States Website
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  • INFO
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  1. ❓ FAQ

Why unlock USDT tokens?

Why should I unlock USDT tokens before purchasing Token States tokens?

Token purchase contract on Token States follow ERC-20 standard. For a smart contract like Token States to be able to interact with an ERC-20 token, you must approve the amount of tokens this contract can use from your wallet.

To do this, you must first do an β€˜unlock’ transaction, which allows you to specify how many USDT tokens this contract can use. In Token States, you unlock a token permanently, so you won’t need to do it again the next time you buy TS tokens.

This allowance can be revoked at any moment. If you do so, you will have to allow it again if you wish to buy new tokens in the future.

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Last updated 2 years ago