OneSwap supports trading between tokens that comply with the ERC20 standard. Neither listing fee nor permission is required to create a market.
Contents:
Description of the ONESWAP project
Automated market making (AMM) can calculate the buy and sell price, according to the formula, to ensure a continuous quote in the market. Basically, AMM is an automatic agent and runs, using smart contracts without human intervention.
Why you should trust this project:
| Firstly | Each OneSwap capital pool is a smart contract that contains the balances of two unique tokens and enforces the rules for their deposit and withdrawal. |
| Secondly | This rule is a permanent formula of the product. When a token is deposited (sold), a prorated amount must be withdrawn to maintain a constant value. |
| Thirdly | Conversely, if a token is withdrawn (purchased), then a certain portion of the amount must be deposited. |
When creating a capital pool, the balance of the token is 0, and the user, who first makes a deposit, will determine the initial price of the pool. The earlier the user joins the pool, the more weight will be. According to the weight, users can receive a proportional share of the transaction fees.
One Swap maintains a chain order book. Users can place buy and sell orders at a fixed price. All pending orders are stored in the blockchain order book and the system will perform transaction matching and settlement in terms of buy and sell orders.
One Swap maintains a chain order book. Users can place buy and sell orders at a fixed price. All pending orders are in the blockchain order book and the system will perform transaction matching and settlement in terms of buy and sell orders. Thus, high safety and transparency can be guaranteed.
Additional information
The site provides some information about the project and the WhitePaper document. There is also a "Help center" where you will find answers to popular questions. Subscribe to the blog to follow the latest news.
From social networks, the community leads:
- twitter;
- telegram.
Smart contract audit is not available.