# Buy & Sell Tokens

Tokens that are tradable in the Meme Factory can be found by entering the **Arena** located on the homepage. The arena is where tokens rise, fall, and fight for glory. At the top of the Arena webpage stands the current “King of Pumpe”!

Every token dreams of being the “King of Pumpe”, but only the strongest can claim the crown. To become King, a token must achieve **50% progress on the Bonding Curve**, dethroning the current ruler and seizing the top spot for maximum exposure. But beware — this title is a one-time glory. Once a token wears the crown, it can never reclaim it, making every battle for dominance a historic moment at the Meme Factory.

## How to Buy & Sell Tokens

To trade tokens in the Arena you'll first need to connect an ERC-20 compatible wallet and ensure the token is in the bonding phase.&#x20;

* Select the token you want to trade
* On the trade page, select the buy or sell button, depending on which action you want to take
* Input the amount of tokens you want to buy (with Metis) or the amount of tokens you want to sell.
* Click Buy/Sell. Approve txn when prompted in your Web3 wallet.

### **Slippage**

Users can customize their slippage settings to their preferred percentage. By default, slippage is set to **0.1%**, but for tokens with high trading volume, adjusting this can help avoid failed transactions. Simply **click** the **settings** gear near the Buy and Sell buttons to adjust your preferred slippage percentage.

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### **Explore Like a Degen**

To help you navigate this wild meme jungle, the Meme Factory offers three unique ways to sort and discover tokens:

1. **Market Cap**\
   Sort tokens by their market cap, starting with the biggest meme titans in the ecosystem.
2. **Volume**\
   Every trade — whether it’s a buy or sell — pushes a token to the top of the list of tokens. There are no minimum or maximum transaction volumes to bump a so even the smallest transactions can catapult a token into the spotlight.
3. **Created Time**\
   Sort tokens by creation date to catch the freshest projects as they debut.&#x20;
