JustSwap - A Decentralized Finance Exchange

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1. Present the Just Swap platform in your own way, demonstrating its importance within the Tron ecosystem blockchain.

Justswap is an automated liquidity provider and decentralized exchange and that was introduced by the Tron Blockchain. It was developed to transfer TRC-20 tokens. It is the most easy and fastest way to transfer TRC-20 tokens.

Justswap is a project of the Just Network, as in the start tron blockchain required a swap which will help it to get more exposure, so JustSwap was introduced. JusSwap works like the other swaps such as like Uniswwap and Mooniswap.

The decentralized finance exchange JustSwap distributes all the fees from the transaction to the liquidity providers, and some of that fees is given to the protocole itself.

Importance within the Tron ecosystem

JustSwap has a lot of importance in the Tron Blockchain. As we know that Tron is the Chinese Blockchain and they wanted to explore Tron blockchain so in order to provide more facilities and governance to the users they introduced Justswap and it has a lot of potentials to explore Tron Blockchain.

Justswap is a decentralized platform and we know that in the decentralized platform all the users as well as developers have the equal rights. Justswap provides liquidity with the interaction of the Tron blockchain and in this way it helps tron blockchain to grow more. Justsweap is a good way to explore tron ecosystem as the investors have no need to pay commissions to the protocole so in this way they can nmake more profit. And if it offers more profit then they will join this and resultantly tron blockchain will grow.

Justswap plays an important role for the Tron blockchain as all the TRC-20 tokens are available here. All the TRC-20 Tokens can be traded at the lowest fees and that is 0.3% but the transaction as well as trading speed is very high. We can easily buy and sell TRC-20 tokens by using the justswap and in this way the tron blockchain will get more traffic and users and it will grow automatically.

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So JustSwap is really a thing that is useful and much important for the developement for the tron blockchain as it is currently playing its role.

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2. What tokens does JustSwap support trading? How is the price of a JustSwap token determined (how it works)? Use an illustration to explain it. (screenshot required)

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Justswap is a Tron blockchain-based DeFi exchange. JustSwap is currently supporting almost all the TRC-20 tokens as well as TRX.

_{Image Reference goes to} ^JustSwap

Here you can see some of the listed tokens here in this caption. And these other tokens which are supported by the justswap are WBTC, ETH, WETH, WBTT, WTRX, JST, WIN, DICE, USDT, USDJ, TUSD, LTC, HT it is all acoordiong to the default token list by the justswap.

Determination of Price

JustSwap works with the Constant Function, it is function according to which the price of the tokens is determined withy the help of the liquidity of the two tokens and their product is always a constant, that is why it is known as Constant Function. It is just like as it is determined in other decentralized finance exchanges such as Uniswap and Mooniswap.

Constant Function = X * Y=K

Here:

• X= First Token
• Y= Second Token
• K= Constant value

Price is determined by the liquidity of tokens available in the pool. It works with the smart contracts. When the tokens are traded basically in the trading these tokens are replaced with each other. And the product of both traded tokens remains constant, as the prices of both the tokens are adjusted accordigly and they continue to fluctuate.

Explanation by Examples:

We take two imaginary tokens X, and Y and we will see how the price of these is adjusted. As we know that K that is the product of X and Y and it always remains constant. And only the values of the X and Y increase or decrease to keep it constant. There may be two cases those are given below:

• If we increase the vaue of X then the value of the Y decraeses to keep the valuye of the K constant.

• And on the other hand if we incraese the value of the Y then the value of the X will decraese to maintan the conssistency of the value of K.

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As we have two tokens X and Y and their product is $100 and it is a constant quantity. Now if we take $20 X tokens then in order to keep the constant value the same the value of the Y token will increase accordingly by $80. And similarly, if we withdraw $40 Y tokens then in order to keep the constant value the same the value of X will increase by $60.

So in the JustSwap this strategy is followed to determine the price of the token.

3. How do I connect my wallet to JustSwap.io? Is there a mobile app? (Screenshots needed)

Justswap is easy to use and we can connect our wallet with the justswap. As it supports only TronLink Wallet so there is no need to create any extra or new wallet account to connect JustSwap. We can just use our existing Tron<Link Wallet and can connect it and do trading and partiocipate in the liquidity pool.

• First of Log In to TronLink Wallet
• Then simply open JustSwap, and there select Connect To Wallet button that is on the left upper corner of justswap as you can see shown below:

• Then you will see this popup as you can see below.

• Here we have to select TronLink wallet and then we will see a popup as you can see below.

• After choosing that we will recive a sign in notification in our wallet so now we have to confirm it from there as you can see below.

• It is the time to confirm the transaction. And after this wallet will be connected.

• Now wallet has been connected as you can see that my wallet addresss is showing there in the justswap website.

Is there any Mobile Application

Yes there is a mobile application that is TronLink and it can be used to access JustSwap and all the process is same as I have explained using a web browser extension. But Justswap does not have its own individual mobile application. So if is there anyone who wants to use Justswap use on mobile then that one can use TronLink Application and can access easily as all the process is same.

Source

Here you can see that tronlink app is available for all mobile operating systems, as well as for the desktop version.

4. Include a real example of your interaction with Just Swap, demonstrate how you can trade on the platform. (screenshots required)

Trading on the JustSwap is simple and easy. We have to connect JustSwap with TronLink wallet and then we can trade easily. All the steps for the trading on the justswap are given below and i hope you will find them easy and well.

The trading interface looks like this of the JustSwap. Firstly we have to choose a trading pair. There is no system of the order book in the justswap the price of the tokens is adjysted automatically according to the liquidity. The trading fees in the justswap is 0.03% which is the lowest fees used for the trading purpose.

Here you can see that I have selected a pair for the trading that is TRX/USDT and as I am just testing and want to explain its method so I have put 1 TRX and currently receiving 0.096 USDT, so if I do a trade then I will receive 0.096 usdt by giving one trx.

_{Image Reference goes to} ^JustSwap

Here you can see that a confirmation PoUp is here and now we have to confirm it. Here we can see that the current trading pair price is 1USDT=10.45TRX and so on 1TRX = 0.095 USDT and now to trade these two tokens with each other just click on the Swap Button.

_{Image Reference goes to} ^JustSwap

Now we have to confirm the transaction but it costs some fees as I do not have enough Energy and Bandwith.

_{Image Reference goes to} ^JustSwap

So at last I have successfully traded TRX/USDT, in this trade 1 TRX has been swapped with the 0.095USDT. So in this way, we can easily do trading in the Justswap.

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So by following these simple steps you can trade on justswap. The trading is fastest with the lowest fees and as there is no order book so the price is adjusted automatically.

5. Include a real example of your interaction with Just Swap, explain How to add liquidity to JustSwap. (screenshot required)

Justswap is a DeFi project so we can add liquidity in the justswap and can earn a part of our share. So now we will see that how can we add liquidity using justswap.

First of all, we have to select pool then click on the Add Liquidity now choose a pair of tokens from the given list.

_{Image Reference goes to} ^JustSwap

Now select two tokens to add liquidity but it should be kept in mind that from these two tokens one must be TRX, and after the selection, the pool will calculate liquidity and reward automatically.

_{Image Reference goes to} ^JustSwap

Now click on the Supply then you will see a pop-up window so now we have to click on the Confirm Supply button to confirm the transaction.

_{Image Reference goes to} ^{JustSwap & TronLink}

Here we have to sign in the transaction to add liquidity.

Transaction Source

In this way we can add liquidity to the JustSwap

Here you can see that the transaction has been confirmed and liquidity has been added.

Conclusion

JustSwap is Tron based decentralized finance exchange that is used to swap and trade TRC-20 as well as TRX tokens. In JustSwap there is no order book and all the calculations of the trades are calculated automatically. So it is easy to use.

And the most important thing of JustSwap is that it requires no verification for the trading and to add liquidity. We can use Tronlink wallet for the transactions. And it also has its app which also works the same.

We can simply provide liquidity in the JustSwap, but for this purpose, you have to choose two tokens but one of them must be TRX and then after adding liquidity we will be able to receive our reward. Whenever any trade is done on our liquidity tokens then we receive 0.3% of the trade as a reward.

So in this way, we can make profit from the JustSwap, a decentralized finance Tron blockchain-based exchange.

Cc:- @kouba01, @yohan2on