How to trade Notcoin on STON.fi and how I earned on it

1) You need to have Notcoin vaucher (You can mint Notcoin vaucher in the Notcoin app, gas fee ~0.06 $TON).

2) Open Shardify and add your Notcoin vaucher to get wNOT. Gas fee ~0.112 $TON.

You'll get 8 000 000 $wNOT for each 10M Pre-Market voucher.

3) Swap your wNOT to TON on STON.fi.

How I've made 11 $TON in less than an hour on wNOT arbitrage.

I've seen an announcement on the STON.fi Telegram channel that Notcoin can be traded on the STON.fi. I've used Shardify and my NOT vouchers to check out how it works.

My first intention was to provide liquidity, but then I realised that for 10M voucher, I'll get 21.32 TON * 8 000 000 wNOT / 12 000 000 wNOT = 14.2133 TON. Well, I could buy NOT 10M voucher on Getgems for less than 10 TON, add them to the Shardify, and swap on STON.fi. And each voucher will give me some TON.

I saw the opportunity for arbitrage and I've started trading.

I was buying vouchers on Getgems, swapping them to the wNOT on Shardify, swapping wNOT to TON on STON.fi till I saw that the current price that I got for 8 000 000 wNOT (1 10M voucher) is 13.32 TON * 8 000 000 wNOT / 12 000 000 wNOT = 8.88 TON.

Than I've simply provided liquidity to the pool.

Let's calculate expences and profit.

Gas fee:

1) Getgems succesfful trades: 8*1.032 $TON = 8.256 $TON.

2) Getgems unsuccesfful requests: 6*0.01 $TON = 0.06 $TON

3) Shardify: 10*0.112 $TON = 1.12 $TON

4) Swaps on STON.fi: 7*0.118 $TON = 0.826 $TON

Overall gas fee = 7.224 $TON + 0.06 $TON + 1.12 $TON + 0.826 $TON = 9.23 $TON

Initial value = 3 * 10 M NOT voucher = 30 000 000 wNOT.

Value received out of wNOT - TON swaps = 13.32 $TON + 10.08 $TON + 12.39 $TON + 12.02 $TON + 11.75 $TON + 21.32 $TON + 21.45 $TON = 102.33 $TON

Spend on NFTs (except commission): 8.65+8.6+8.69+8.688+8.79+8.7+8.8+8.7=69.618 $TON

And 20 000 000 $wNOT I've not sold and provided to the liquidity pool with the exchange ratio of 10 000 000 $wNOT = 23.34 $ TON / 2 =11.67 $TON.

I strated with 30 000 000 wNOT (3 vouchers *10 M NOT), and finished with 20 000 000 wNOT, so let's say -11.67 $TON for missing wNOT.

Overall profit = 102.33 $TON - 69.618 $TON - 11.67 $TON - 9.23 $TON = 11.812 $TON.

Conclusions

Follow STON.fi on Telegram or X to not miss out opportunities to make some $TON.

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