# General information

![](https://997701854-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mio1-rDAL3IsoQDatd4%2Fuploads%2Fymg4d25X4qIJWJXAbXor%2Fmoncake.jpg?alt=media\&token=eccefd94-64fa-4eef-abad-42e180a6993e)

MonSwap is one of several protocols attempting to combine the popular features of decentralized finance (DeFi) and non-fungible tokens (NFTs) into an easy-to-use platform. The BSC dapp offers a range of DeFi services, along with a launchpad and a non-fungible token or NFT supermarket. Additionally, by providing liquidity to the MonSwap protocol, users earn $MonCake(CAKE) rewards from trading fees.

**Protocol#**\
The Monswap Protocol: A suite of persistent, non-upgradable smart contracts that together create an automated market maker, a protocol that facilitates peer-to-peer market making and swapping of BEP-20 tokens on the Binance smart chain.

**Introduction#**\
Monswap was built to be a decentralized exchange (Decentralized Exchange – DEX). On Monswap, users are empowered to exchange BEP-20 standard tokens (Binance Smart Chain's token standard).

**AMM#**\
The Monswap protocol using an Automated Market Maker (AMM), sometimes referred to as a Constant Function Market Maker, in place of an order book.

AMM replaces the buy and sell orders in an order book market with a liquidity pool of two assets, both valued relative to each other. As one asset is traded for the other, the relative prices of the two assets shift, and a new market rate for both is determined. In this dynamic, a buyer or seller\
trades directly with the pool, rather than with specific orders left by other parties.

**Trade#**\
Instantly swap crypto tokens: no registration or account needed

**Low transaction fees#**\
Monswap runs on the Binance Smart Chain platform, one of the blockchains with much lower transaction costs than Ethereum or Bitcoin.

**Decentralized#**\
Make trade directly from your wallet app. Monswap decentralized exchange unlike centralized exchanges like Binance, Coinbase, Gateio, ... Monswap doesn't keep your coins as you trade, you own 100% of your own crypto.

**Earn Trading Fees#**\
Earn trading fees when you stake your tokens in Liquidity Pools (LPs).

**Earn CAKE Token#**\
Get CAKE Token rewards for stake your tokens on liquidity pools.\
Get CAKE Token rewards for stake NFT Pop on liquidity pools.

**Launchpad#**\
Another Unique feature of MonSwap is the Launchpad. It is a feature which allows users to get access to newly launched projects on the Binance Smart Chain(BSC).