All about Swaps

After login into the app, a third tab is named `My Swaps`. Upon clicking on this tab, the market maker can see a list of the swaps that are created by himself, in the list he can see various details:

1. MIN amount: On the top side of the list, it will show the MIN amount. It will show how many MINs have been filled and what were the total MINs to sell.

2. Progress Chart: This will show the user about the progress of the swap and how much percentage of it is completed.

3. Exchange Rate: On the right side, you can see the exchange rate. Based on this buyer will transfer the airtime.

Users need to choose which type of swap they want to create/view as we have supported multiple types of swaps like `Airtime`, `Mobile Money`, `M-Pesa`, `Bank Transfers` etc.

How to filter my swaps?

We have added fast filters on this page. Using these filters, users can filter the list of swaps. Right now we have included an `In progress` filter. Upon clicking on this filter, users can see the in-progress swaps.

How to check the complete swap details?

Upon clicking on a particular swap, the market maker will be navigated to the new page that contains complete details of that swap. The market maker can see the following details:

1. Swap ID: This is a unique identifier of the swap. This is internally used to identify the particular swap.

2. Initial Balance: This is the number of MINs from which the swap was created for sale.

3. Amount Fulfilled: This is the number of MINs that have been fulfilled by buyers means the market maker has received the airtime of these MINs.

4. Total Amount: This is the number of MINs that are total in your swap.

5. Seller: Mobile number and carrier of the seller who has created this swap.

6. Exchange Rate: This is the rate of exchange to calculate the airtime to be transferred per MIN. It means if the exchange rate is 8.5 and the MINs to sell is 100 then the total airtime amount to be received is 805.

7. Created On: This is the date and time of the creation of this swap by the market maker.

On this page, we can see the graph as well, which shows the statistics of how much swap has been filled so far.

This detail page has many action buttons those are:

1. Edit: By clicking on this button user can update the exchange rate of the swap.

2. Activity: By clicking on this button user can filter the activities that are related to this particular swap on the activity page.

By clicking on the `Clear Filters` filter button, we can remove the filter and it will show all the activities.

3. Generate Swap Link: By clicking on this button, user can generate the social link to share on the social media with bar code.

4. Pause Swap: Upon clicking this this button, user can pause the swap. This action can reversible any time. Upon pause any swap, it will not visible into the market to swap.

5. Transfer Swap funds: Upon clicking on this button, user can transfer his funds to the most recent swap and the fund in this swap will become zero.

6. Withdraw swap funds: Upon clicking on this button, user can withdraw their amount from the swap and it will be credited to `Fonbnk Wallet`. This action is not reversible.

7. Add Funds: Upon clicking on this button, user can add more funds from their wallet to the particular swap.

How to create a swap?

There is a `+`  button on the right, upon clicking on that button, the market maker will navigate to the swap creation page. On this page, you need to enter the following details:

1. Total MIN to swap: This is the number of MINs that you want to sell into the Fonbnk market place.

2. Exchange Rate: This is the number of rate, which will be used to calculate the amount of airtime that you will receive in exchange of MINs

After filling in the required amount, it will show you the Fonbnk fee with the amount that you will receive after exchange.

In the above screen shot, Fonbnk fee is 1 MIN and amount after exchange is 822.

After verify the information, you need to click on `Preview Swap` button, Upon clicking on this button you will be navigated to preview screen where you can confirm all of the information.

After verify all of the informations are correct, you can click on `Submit` button to submit the swap into Fonbnk marketplace. Upon clicking on `Submit` button, you will see the success screen.

If you click on `Done` button then it will take you the list of swaps screen and if you click on `Generate Swap Link` then you will be navigated to QR page where you will be able to share your swap to the social media pages.

You can share this QR code to various social media platforms like Facebook, Twitter, Telegram, Discord, WhatsApp, Fb Messenger. You can also email and send SMS as well.

By scanning this QR code, buyers can see your swap and make a transaction on it.

How to update the swap details?

Upon clicking on any swap from the swap list page, it will navigate to the swap details page. If the swap is in progress then you will be able to see the `Edit` button.

if we want to change the exchange rate, then we can click on the `Edit Swap` button. Upon clicking on this button you will be navigated to the update swap detail page and you can enter the `New exchange rate` and click on the `Save` button to save the updated details into the marketplace.

For Nigeria-specific, the user can also update their bank details for the specific swap. He can enter or fetch bank details from the profile section, and upon clicking on the save button, the updated bank details will be active on the swap.