Supported Tokens
Flowty has added Dapper Wallet support for secondary marketplace transactions. As of now, Dapper Wallet is not compatible with Flowty Loans or Rentals.
Dapper Wallet cannot store traditional crypto tokens. Instead, Dapper Wallet can store the following:
- 1.Dapper Balance - a currency that represents US Dollars. Dapper Balance cannot be used outside of Dapper Wallet transactions.
- 2.Flow Utility Token (FUT) - a currency that represents FLOW tokens. Throughout Flowty, we refer to FUT as Dapper FLOW for simplicity's sake. Though they are equivalent from a value standpoint, Dapper FLOW is not the same as FLOW tokens.
Both Dapper Balance and FUT, which we can Dapper FLOW for simplicity's sake, are similar to poker chips in that they represent other currencies but cannot be used outside of Dapper Wallet.
Stablecoins (pegged to USD):
$USDC
Non-Stablecoins (fluctuating USD value):
$FLOW
No Longer Supporting:
$tUSDT (Teleported USDT)
$FUSD
Scenario 1: Have fiat, need Flow tokens
Easiest:
- 1.Purchase FLOW on Coinbase
- 2.Transfer FLOW to Blocto wallet
- 3.
Most Direct:
- 1.Open Blocto app
- 2.Navigate to Wallet
- 3.Click “+” to add [target Flow token]
- 4.Select [target Flow token] from wallet
- 5.Select Buy and follow prompts
Alternative:
- 1.
- 2.Search and select FLOW
- 3.Click ‘new order’ and input the desired amount
- 4.Attempt to confirm the transaction and select the preferred payment method
- 5.When the transaction is finalized, the FLOW will appear in your Kraken account
- 6.Click on funding at the top of the Kraken home page (Withdraw crypto from Kraken to a wallet -> helpful post)
- 7.Select withdrawal and search for the currency you wish to withdraw
- 8.
- 9.Click withdraw and confirm the transaction
- 10.The funds will appear in your wallet shortly thereafter
As of May 19, 2022, users in many countries can now use Coinbase to purchase FLOW. For some, selling other crypto and purchasing FLOW via Coinbase may be the easiest option.
To swap Ethereum tokens to Flow tokens, you need to convert crypto to USDC first
Transfer USDC from Ethereum to Flow
- 1.
- 2.Sign in with a Blocto account
- 3.Connect an Ethereum wallet (containing USDC)
- 4.Input USDC in ‘from’ and USDC in ‘to’
- 5.Enable USDC
- 6.Approve USDC
- 7.Teleport (may take 5–10 minutes, per Blocto)
Swap USDC for other Flow tokens
- 1.
- 2.Input USDC in ‘from’ and [target token] in ‘to’ and confirm the swap
Scenario 3: Have one type of Flow token, need another type of Flow token
- 1.
- 2.Sign in with your Blocto account
- 3.Input [token you have] in ‘from’ and [target token] in ‘to’
- 4.Click swap
- 5.Confirm the swap
Scenario 4: Have Flow token, need Ethereum-based tokens
Swapping for Eth-based tokens
- 1.
- 2.Swap Flow token for USDC
- 3.
- 4.Select ‘connect Ethereum wallet’ and connect your wallet [IMPORTANT: if you want to transfer to your metamask (or any non-Blocto Ethereum wallet), use the desktop version of Blocto, not the app. The app will force you to create a Blocto Ethereum wallet and you will need to transfer to your metamask.]
- 5.Input USDC in ‘from’ and USDC in ‘to’
- 6.Confirm the swap
- 7.
- 8.
Scenario 5: Have Flow token, need fiat
Easiest:
- 1.Convert Flow token to FLOW
- 2.Send to Coinbase
- 3.Sell -> withdraw
Alternative:
- 1.
- 2.Swap Flow token for FLOW (skip if you have FLOW already)
- 3.Send FLOW to an exchange (Kraken, Kucoin, etc)
- 4.Sell FLOW and send proceeds to bank
Scenario 6: Have Dapper Balance, need Flow tokens
Easiest (for users with this feature enabled):
- 1.Open Dapper Wallet
- 2.Select “Home”
- 3.Select “Withdraw Balance”
- 4.Withdraw to USDC on Flow
- 5.
Alternative:
- 1.Open Dapper Wallet
- 2.Select “Home”
- 3.Select “Withdraw Balance”
- 4.Withdraw to USDC on Ethereum
- 5.Send USDC to Coinbase
- 6.Sell USDC on Coinbase
- 7.Buy FLOW on Coinbase
Alternative:
- 1.Open Dapper Wallet
- 2.Select “Home”
- 3.Select “Withdraw Balance”
- 4.Withdraw to USDC on Ethereum
- 5.
- 6.
Scenario 7: Have Flow-based token, need Dapper balance
Easiest:
- 1.
- 2.Send FLOW to Coinbase
- 3.Sell FLOW
- 4.Deposit fiat in Dapper balance or purchase USDC (eth) and deposit Dapper balance
Alternative:
- 1.
- 2.Swap Flow token for USDC (Flow) (skip if you already have USDC)
- 3.
- 4.Select ‘connect Ethereum wallet’ and connect your wallet
- 1.IMPORTANT: if you want to transfer to your metamask (or any non-Blocto Ethereum wallet), use the desktop version of Blocto, not the app. The app will force you to create a Blocto Ethereum wallet and you will need to go through another step to transfer the tokens to your metamask.
- 5.Input USDC in ‘from’ and USDC in ‘to’
- 6.Confirm the swap
- 7.Deposit USDC to Dapper balance