Similar to obtaining the right foreign currency when you travel abroad, only specific tokens are supported to enable trading on both Pro and Play. Users are required to take steps to "exchange" their current token holdings for the supported token. Additionally, each token (USDT for Pro and STABLE for Play) is supported on a specific network (Ink and Base respectively) which has some impact on which wallets will work.
Requirement
Rails Pro
Rails Play
Token
USDT
STABLE
Wallet Network
Ink
Base
You will need to complete the following steps before you can start trading on Rails.
A wallet network refers to the blockchain that a digital asset wallet is connected to. It determines which tokens the wallet can store and send as well as which apps and platforms the wallet can interact with.
Think of a wallet network like a mobile network carrier for your phone. Just like how you can't place calls from your phone when you're travelling abroad unless you get a local SIM card or e-SIM, you can't send or receive tokens that are not deployed on the relevant blockchain.
What is a Layer 1 & Layer 2 Network?
Layer 1 is the main blockchain network, like Ethereum or Bitcoin, where transactions and data are stored directly on the chain. Layer 1 is secure and decentralized but can be slower and more expensive as more people use it.
Layer 2 is built on top of Layer 1 to make things faster and cheaper. It processes transactions off the main chain and then sends a summary back to Layer 1. This helps reduce fees and speeds up transactions while still using the security of the main blockchain.
These benefits are why STABLE and USDT were deployed on Layer 2 blockchains (Base and Ink respectively). Together, both networks help make blockchain more efficient and affordable to use.
What is Bridging?
Bridging is the process of moving assets or data from one blockchain to another. Each blockchain, like Ethereum or Bitcoin, operates independently, so they can’t directly communicate with each other. A bridge connects these separate blockchains, allowing users to transfer tokens or information between them.
StableMEME and Ink's USDT are only available on Layer 2 networks, so users must bridge their Layer 1 tokens (ETH or USDC) to Layer 2 tokens before they can swap for STABLE or USDT.
Bridging makes it easier for people to access different blockchains’ tools, apps, and lower gas fees, helping to connect and expand the whole crypto ecosystem.
What is Token Swapping?
Token swapping is the process of exchanging one type of cryptocurrency or token for another, typically on a Decentralized Exchange (DEX) like Uniswap or Ink on Chain. It’s a quick way to get the specific token you need without using traditional money (like dollars).
