Cel Swap — a convenient way to exchange and also one of the fastest growing tokens on the market. The aim of the project was to create a seamless experience with the lowest market prices. The swap fee is 0.15% in both directions - inward and outward.
Contents:
Description of the Cel Swap project
Cel swap — a community effort to make it easier for everyone to swap CEL tokens. Building loyalty and earning the best rewards has never been easier. There is no order book or centralized body that sets the price of assets. Instead, CelSwap uses smart contracts to create liquidity pools and enable token swaps. Liquidity pools are channeled through CEL tokens, which means that one of the coins in the pair must be CEL. Basically, each pool is a simple x * y = k function. The function maintains the price at which a trade can take place.
This means that suddenly there may be people who have more CEL tokens than they want, simply because they can earn more from them. CelSwap is here to absorb these tokens, either by placing them in LP or exchanging them for some other token and vice versa.
Some features:
| Firstly | There are two sets of smart contracts. Core contracts provide key business logic and fundamental safety guarantees for all parties, interacting with Celswap. |
| Secondly | Basic contracts lack some additional functions and are difficult to execute. |
| Thirdly | Therefore, developers use peripheral contracts that interact with one or more main contracts, but are not themselves part of the kernel. |
Since it is a decentralized exchange, neither the order book nor the centralized organization determines the price of assets. Instead, CelSwap uses smart contracts to create liquidity pools and enable token swaps.
Additional information
There is no WhitePaper and RoadMap document on the site. Instead, there is a large section with answers to questions. Study it before starting work. The community has not conducted social networks yet. The smart contract has not been audited.