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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.
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.
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).
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.
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.
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.
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).