PinkSwap — a decentralized exchange for exchanging BEP-20 tokens for PinkArmy. PinkSwap uses the Automatic Market Maker (AMM) model. This means that while you can trade digital assets on the platform, there is no order book that maps you to someone else. Instead, you are trading against a pool of liquidity. These pools are populated with funds from other users. They contribute them to the pool, receiving the tokens of the liquidity provider (or LP) in return. They can use these tokens to return their stake plus a portion of the trading fees. In short, you can trade BEP-20 tokens or add liquidity and receive rewards.
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About PinkSwap
PinkSwap is compatible with any BEP-20 token in the BNB ecosystem. If you want your project to be searchable in their interface, you should try to add it to the authoritative token list or insert its contract manually. BNB requires gas to complete every transaction. You can also check the BNB gas, required to complete transactions.
The developers have not announced pools for which you can provide liquidity, but rest assured, you will have several options that you can take advantage of. Depending on what you provide, you will receive the LP tokens of that pair. For example, if you provide LP for the PinkS-BUSD pool, you will receive PinkS-BUSD LP tokens.
Some features:
| 1 | PinkSwap — a proprietary DEX that the team brings to the Pink ecosystem. |
| 2 | PinkSwap charges a fee of 0.3% per trade: 0.25% will go to LP, 0.05% will help to burn $ PinkS. |
To start, you need a wallet that supports Binance Smart Chain, as well as some BNB BEP-20. After that, head over to the PinkSwap app to start using the protocol to exchange tokens or provide liquidity. Remember that every transaction on the Binance Smart Chain costs BNB (this is called a “gas fee” and is paid to miners to keep the network running).
Other platform details
The site has a link to an introductory document. You will find general information, rules of work and much more there. RoadMap is not available now.
The community actively maintains social networks:
- twitter;
- telegram.
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