Your First Trade
This guide walks you through buying your first token with DgenFren.
Method 1: Paste a Contract Address
The simplest way to trade. Open your DM with the bot and paste a token’s contract address:
0x1234abcd5678ef901234abcd5678ef901234abcd
or for Solana:
EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v
The bot will:
- Detect the CA and identify the chain automatically
- Show a token info card with price, market cap, liquidity, age, and 24h change
- Display buy buttons with preset amounts
[Screenshot: Token info card with buy buttons]
Solana buy presets:
[0.1 SOL] [0.25 SOL] [0.5 SOL] [1 SOL]
[Custom Amount] [Cancel]
EVM buy presets:
[0.005 ETH] [0.01 ETH] [0.025 ETH] [0.05 ETH]
[Custom Amount] [Cancel]
Tap a preset to buy instantly. Or tap Custom Amount, type your desired amount, and the bot executes the buy.
Method 2: The /buy Command
/buy <contract_address> <amount>
Example (Solana):
/buy EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v 0.5
After a Successful Buy
You’ll see a confirmation with:
- Token name and symbol
- Amount of tokens received
- Transaction link (Solscan, Etherscan, Basescan, or Arbiscan)
Then the bot prompts: “Set Exit Targets?”
This lets you configure take profit and stop loss orders that execute automatically. See Take Profit & Stop Loss for the full guide.
If you have Auto TP/SL enabled in settings, targets are set automatically with no prompt.
Selling Tokens
Open your portfolio:
/portfolio
[Screenshot: /portfolio with sell buttons]
- Tap the token you want to sell
- Choose a sell percentage (default presets: 25%, 50%, 100%)
- Review the preview showing estimated output
- Confirm the sell
Tips for Your First Trade
- Slippage defaults to 15%, which works well for memecoins. Adjust in
/settingsif needed. - MEV protection is on by default for buys and sells.
- Chain auto-detection — You don’t need to specify the chain for EVM tokens. DgenFren figures out whether it’s on Ethereum, Base, or Arbitrum.
- Fees — 1% per trade. If you were referred, you earn 10% cashback on fees.