SheepDEX — a fully transparent decentralized trading platform, based on the Binance Smart Chain.
Contents:
Description of the crypto trading SheepDex
The main function of SheepDEX allows liquidity providers (LPs) to place funds in a specific price range, thereby, increasing capital efficiency and reducing transaction slippage in the corresponding range.
Users can trade tokens on the Binance Smart Chain on the exchange, and some trading pairs can also receive commission discounts. Add liquidity to the stock pool for a fraction of the commission. Aggregate liquidity significantly improves capital efficiency and can increase LP commission income. After adding liquidity, place a bet on the appropriate mining pool to receive your SPC token reward. Trading certain trading pairs can be rewarded with SPC tokens.
Some features of a new dex project:
| 1 | SheepDEX uses the AMM model to provide users with BEP-20 token exchange services. |
| 2 | The liquidity, provided to the exchange, comes from liquidity providers (“LPs”) who put their tokens in a “liquid pool”. |
| 3 | At the same time, they will receive a voucher and they can also pledge this voucher on the liquidity mining page to earn SPC tokens. |
When redeeming certain trading pairs, you can also get rewards in the form of SPC tokens. When you trade, the platform will automatically help you to choose the most suitable fund pool and exchange path. Depending on the pair of transactions, you may be required to pay a processing fee of 0.1%, 0.2% or 0.5%. 50% of the processing fee will go to the LP provider.
Sheep Dex on social media
There is an introductory document on the site. It is designed in Chinese and contains all information you need to get started.
From social networks, the community leads:
There are already more than 50,000 participants. Subscribe to stay up to date with all news. The smart contract audit has been verified and is available for viewing.