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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.
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).