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DankSwap

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News

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What is DankSwap?

DankSwap — an AMM platform and profitability farms on the Binance Smart Chain. DankSwap token swaps - an easy way to exchange one BEP-20 token for another through automated liquidity pools.

Contents:

About the Dank Swap project

The liquidity, provided to the exchange, comes from liquidity providers (“LPs”) who place their tokens in “pools”. In return, they receive FLIP tokens (Dank Swap liquidity provider), which can also be wagered to earn CAKE tokens on the farm.

When you make an exchange of tokens (trade) on the exchange, you will be charged a trading fee of 0.2%, which is distributed as follows:

0,17% Returned to liquidity pools as a reward to liquidity providers.
0,03% Submitted to DankSwap Treasury.

Open the Dank Swap exchange page. Unlock your Binance Smart Chain wallet. Select the tokens you want to trade and enter the amount. Check the details and click "Confirm Exchange". Confirm the transaction in your wallet. You can click "View on bscscan" to see the details of the transaction. When you place a bet on your $ WEED, you receive $ ROSIN automatically.

nce you receive $ ROSIN, you can place bets on rewards in DankPool.DankSwap

If you sell your $ ROSIN, you will not be able to expand your $ WEED as you will need the same amount of $ ROSIN to do so. You can place your tokens on the Pool page by clicking on the little "+" sign. After the contract is approved, select the amount you want to wager and confirm. To put $ WEED you don't need anything other than $ WEED. In order to farm, you need to provide liquidity to one of the pools on the farm page and then your LP tokens.

Additional data

The site has an introductory document with information about the project. Also, there is a blog on the Medium platform.

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Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.