WanSwap is an Automated Market Maker (AMM) and a decentralized exchange that’s part of a new ecosystem that allows for trading, compounding and yield farming. Wanswap is a new decentralized exchange built with automated market making (AMM) modeled after the explosively popular Uniswap, and built on Wanchain blockchain. It in addition to the standard swapping and liquidity providing features common to all AMM DEXes, WanSwap also features liquidity farming inspired by related projects such as Sushiswap.
WanSwap takes full advantage of Wanchain’s cross-chain features in order to power trading between assets from multiple blockchains using Wanchain’s cross-chain wanTokens including: wanEOS, wanETH, a growing list of wanERC20 tokens, wanBTC and with more chains & assets soon to be added soon after the launch of Wanchain 5.0.
Wanswap is a decentralized exchange with automated market making (AMM) modeled after Uniswap & Sushiswap. WanSwap is built on the Wanchain blockchain and takes advantage of its cross-chain features to enable multi-chain asset trading with trustless native chain withdrawal.
To Start Trading WithWanSwapExchangeCryptocurrency Indian Residents First Have To Sign Up For An Account By Following The Steps Below.
Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The WanSwapExchangeCryptocurrency Website.
Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.
Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.
Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.
Step 5. Click On The “Confirm Email” Link In The Activation Email.
Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your WanSwap.
Ten percent of all $WASP rewards will be sent to a DAO fund which will be distributed to early contributors during the early development stage, and which will be put under DAO control in the future. More details about $WASP tokenomics will be publish on the official WanSwap website. Details of the distribution to contributors will be published monthly on WanSwap’s website.
Earn a 0.3%
Liquidity providers earn a 0.3% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.
Apart from the instant swapping using its trustless decentralized environment, WanSwap offers many services, such as:
Any one can become a liquidity provider and up to 0.3% of trade commissions, in line with their proportional contribution to the pool. Depositing tokens for the pool earn providers WSLP, which they can use to claim their staked tokens and the profits generated.
For people who provide liquidity, an extra incentive is given for specific trading pairs by letting them farm WASP, the WanSwap native token.
Dual farming on ZooKeeper:
For some farming pairs there are dual farming rewards. Next to WASP you can earn ZOO, this can be done on ZooKeeper.
As a decentralized platform, WanSwap offers a staking feature called the Hive. Any user can stake their WASP tokens on the Hive and earn WAN.
The analytics page gives an instant overview of the liquidity and trading data of the listed tokens on WanSwap, enabling traders to make better choices on swapping and selecting which pool they want to invest in.
As a democratic decentralized platform, users holding the WASP token can take part in the development and expansion of the WanSwap platform. This includes swap options for new coins, token burns, adjustments in rewards etc.
Enabling the use of non-native WanSwap tokens, Cross Chain option lets users swap assets between the Wanchain and Ethereum. Completely decentralized, the swaps are fast, secure and let’s two whole different ecosystems connect with each other, bringing in a new era of DeFi.
Advantage Of Wan Swap
The economical side of WanSwap and its services are much better than the available alternatives, but the platform has a lot more under its belt than just efficient and trustless services. First and foremost, the current DeFi growth has seen transaction volumes swell, making small trades a nightmare and has developers scrambling for different solutions such as second layer options to reduce the stress on the network.
With an infinitesimally small transaction fee, WanSwap doesn’t need the complexity as an average transaction fee is around a cent! WanSwap also allows different platforms to enter a whole new DEX market easily as there are no listing requirements, apart from an initial liquidity for its pairs.
As a decentralized platform, WanSwap doesn’t require any complex signup procedures. Traders and liquidity providers connect their compatible wallets using in-built smart contracts and can start buying or selling tokens immediately. There are no KYC and AML requirements and privacy is kept to a maximum level.
Why use Wanchain (WAN)?
Using the Wanchain ecosystem has the perks of optimizing features of WanSwap. As WanSwap requires a lot of transactions using a fast and low-fees tx chain such as Wanchain is essential. Being a completely decentralized cross chain, Wanchain is the perfect match.
In this guide, they will explain how to use WanMask, the browser extension wallet on Wanchain. WanSwap is a free and secure browser extension that allows web3 applications to read and interact with the Wanchain blockchain. It is almost identical to MetaMask, if you are already familiar with MetaMask, you can probably skip this guide. Deposit your Liquidity Provider tokens to receive WASP, the Wanswap protocol governance token.
Why Choose WanSwap
Safe & Secure
Enterprise-grade multi-factor security for digital assets. All withdrawals are processed with manual review.
WanSwap Dedicated trader-tested support team that’s available 24/7/365 across multiple channels.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.