go to Mars ? Why can't ?
go to Mars ? Why can't ?
Subscribe to Knight
Subscribe to Knight
Share Dialog
Share Dialog
<100 subscribers
<100 subscribers
What is a token swap ?
A token swap refers to the exchange of one cryptocurrency token for another without the need to first convert it to fiat currency 1. It is a crucial component of the decentralized finance (DeFi) ecosystem, allowing users to swap tokens within a blockchain network or between two different blockchains.
1. 1INCH
1inch network is a DEX Aggregator Protocol that allows users to trade tokens at the best prices in the market.
You can exchange tokens here, and you can also place buy and sell orders for various types of tokens. The orders you place are not only waiting for matching with the platform's command book, but also waiting for execution on other DEX exchanges (depending on your settings). Therefore it can be said that 1inch.exchange is a decentralized exchange aggregator (DEX) tool. When there are dozens of different orders, you can also swap, buy or sell a huge amount of different cryptocurrencies here at the best prices on the market and with low slippage.
The DEXs integrated into 1inch's protocol include Oasis, Kyber Network, Uniswap, Mooniswap, Balancer, … This means that users can swap between almost all ERC-20 tokens on the market today.
1inch is not only an Aggregator, but on August 10, 2020, 1inch launched its own Mooniswap - AMM, which has the same structure as Uniswap.
In addition to the fact that users can trade on the exchange, from June 5, 2021, 1inch has started for OTC trading. You do not need to pay gas fees when trading OTC.
2. UNISWAP
Uniswap is the protocol that works on Ethereum for exchanging tokens. Unlike most exchanges that are created and will charge trading fees, Uniswap works for community purposes, as a tool for the community to trade tokens without paying the platform or intermediary fees.
Uniswap is a protocol deployed as a set of sustainable, non-upgradeable smart contracts; designed to prioritize censorship, security, self-management, and operate without any trusted intermediaries that can selectively restrict access.
Uniswap uses liquidity pools instead of order books like CEX exchanges, and currently the most used version is Uniswap V2. Uniswap builds a model of connecting buyers and sellers without third parties, but still sharing profits.
3. PANCAKESWAP
PancakeSwap is a decentralized cryptocurrency exchange, operated under the first automated market creation mechanism (AMM DEX) in the Binance Smart Chain (BSC) ecosystem. This is where the exchange of BEP20 tokens (the latest BSC token standard) takes place
PancakeSwap debuted in September 2020 and is considered to be an AMM Fork (Auto Market Maker) from Uniswap V2 (Automatic Market Making Protocol). Thanks to its impressive operating performance, PancakeSwap consistently ranks among the top 3 DEXs with the largest trading volume on the market. The exchange has become the liquidity center for the Binance Smart Chain ecosystem, similar to Uniswap as the liquidity center for the Ethereum system.
4. TRADER JOE
Trader Joe is a decentralized trading platform following the AMM mechanism on the Avalanche blockchain. Trader Joe is a fork of Uniswap. There aren't too many AMMs on Avalanche yet
Trader Joe, in addition to being an AMM, also integrates some features such as Yield Farming, Lending, Staking, …with the aim of being an integrated platform and providing the best user experience.
They are not a Fair Launch project (no token sale, team does not own tokens) but will run the project, the entire JOE — project tokens will be unlocked through inflation. However, Trader Joe still has an allocation for future investors if any.
5. DODO
DODO Exchange is a decentralized exchange with a new On-chain liquidity solution combining AMM and Oracle. It is a technology focused on research and development by the DODO team, in order to solve some problems related to AMM such as impermanent losses and the provision of one-way liquidity.
DODO Exchange is a decentralized liquidity provider that uses a new market creation strategy, and differs greatly from the way the AMM algorithm works.
In today's DeFi landscape, AMM solutions have faced challenges in how to effectively address issues such as slippage and impermanent loss.
As a result, platforms like DoDoEx are adding an algorithm called “Proactive Market Maker” (PMM), which provides minimal slippage and improves the use of funds.
Here are the Top 5 dApps for token swapping for you. Thank you for taking the time to learn about the article
What is a token swap ?
A token swap refers to the exchange of one cryptocurrency token for another without the need to first convert it to fiat currency 1. It is a crucial component of the decentralized finance (DeFi) ecosystem, allowing users to swap tokens within a blockchain network or between two different blockchains.
1. 1INCH
1inch network is a DEX Aggregator Protocol that allows users to trade tokens at the best prices in the market.
You can exchange tokens here, and you can also place buy and sell orders for various types of tokens. The orders you place are not only waiting for matching with the platform's command book, but also waiting for execution on other DEX exchanges (depending on your settings). Therefore it can be said that 1inch.exchange is a decentralized exchange aggregator (DEX) tool. When there are dozens of different orders, you can also swap, buy or sell a huge amount of different cryptocurrencies here at the best prices on the market and with low slippage.
The DEXs integrated into 1inch's protocol include Oasis, Kyber Network, Uniswap, Mooniswap, Balancer, … This means that users can swap between almost all ERC-20 tokens on the market today.
1inch is not only an Aggregator, but on August 10, 2020, 1inch launched its own Mooniswap - AMM, which has the same structure as Uniswap.
In addition to the fact that users can trade on the exchange, from June 5, 2021, 1inch has started for OTC trading. You do not need to pay gas fees when trading OTC.
2. UNISWAP
Uniswap is the protocol that works on Ethereum for exchanging tokens. Unlike most exchanges that are created and will charge trading fees, Uniswap works for community purposes, as a tool for the community to trade tokens without paying the platform or intermediary fees.
Uniswap is a protocol deployed as a set of sustainable, non-upgradeable smart contracts; designed to prioritize censorship, security, self-management, and operate without any trusted intermediaries that can selectively restrict access.
Uniswap uses liquidity pools instead of order books like CEX exchanges, and currently the most used version is Uniswap V2. Uniswap builds a model of connecting buyers and sellers without third parties, but still sharing profits.
3. PANCAKESWAP
PancakeSwap is a decentralized cryptocurrency exchange, operated under the first automated market creation mechanism (AMM DEX) in the Binance Smart Chain (BSC) ecosystem. This is where the exchange of BEP20 tokens (the latest BSC token standard) takes place
PancakeSwap debuted in September 2020 and is considered to be an AMM Fork (Auto Market Maker) from Uniswap V2 (Automatic Market Making Protocol). Thanks to its impressive operating performance, PancakeSwap consistently ranks among the top 3 DEXs with the largest trading volume on the market. The exchange has become the liquidity center for the Binance Smart Chain ecosystem, similar to Uniswap as the liquidity center for the Ethereum system.
4. TRADER JOE
Trader Joe is a decentralized trading platform following the AMM mechanism on the Avalanche blockchain. Trader Joe is a fork of Uniswap. There aren't too many AMMs on Avalanche yet
Trader Joe, in addition to being an AMM, also integrates some features such as Yield Farming, Lending, Staking, …with the aim of being an integrated platform and providing the best user experience.
They are not a Fair Launch project (no token sale, team does not own tokens) but will run the project, the entire JOE — project tokens will be unlocked through inflation. However, Trader Joe still has an allocation for future investors if any.
5. DODO
DODO Exchange is a decentralized exchange with a new On-chain liquidity solution combining AMM and Oracle. It is a technology focused on research and development by the DODO team, in order to solve some problems related to AMM such as impermanent losses and the provision of one-way liquidity.
DODO Exchange is a decentralized liquidity provider that uses a new market creation strategy, and differs greatly from the way the AMM algorithm works.
In today's DeFi landscape, AMM solutions have faced challenges in how to effectively address issues such as slippage and impermanent loss.
As a result, platforms like DoDoEx are adding an algorithm called “Proactive Market Maker” (PMM), which provides minimal slippage and improves the use of funds.
Here are the Top 5 dApps for token swapping for you. Thank you for taking the time to learn about the article
No activity yet