Simply add the component to your screen, add your text to the BodyText placeholder and it's done.

Additional configurations can be done:

• LinkTextExpanded - Sets the text to be displayed in the link when the component is expanded. (default: show less)
• LinkTextCollapsed - Same thing but when the component is collapsed. (default: show more)
• NumvisibleLines - Sets the maximum number of lines that are displayed when collapsed.(default: 3)
• HideLink - If true the link is hidden even if the text exceeds the lines define in the ClampLines input. Default: False
• Animation - Allows to chose between 4 different animation options: none, slow, medium or fast.

Notes: 

• No styles applied by default.
• If the truncation isn't applied the link won't be displayed.