Crypto Academy / S4W5 - Homework Post for [Professor @kouba01]

in hive-108451 •  3 years ago  (edited)

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The Just Swap is one of the numerous dapps found on TronLink wallet, is a decentralized application developed on tron blockchain. It was basically developed for the purpose of easy swapping of assets especially TRC20 token on TronLink Wallet. In JustSwap liquidity providers are the receiver of transaction fees, and users receive mining rewards. It follows automated liquidity protocol, it easier and faster because it doesn't need matching orders. It is trusted and secured because it doesn't allow third parties from organization. Like most decentralized application it's controlled by smart contracts.

Importance of JustSwap in Tron blockchain

  • It's used to easily swap TRC20 token which is one of the tokens built on Tron blockchain

  • It also gives awesome and Free profit to users of Tron

  • It also create JustSwap is an automated liquidity protocol.

  • It gives unlimited liquidity to it users

  • Empower Tron users to take part in open financial markets.

  • It performs it exchanges fast and easily

What tokens does JustSwap support trading? How is the price of a JustSwap token determined (how it works)?

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  • BTC,
  • DICE,
  • ETH,
  • HT,
  • JST,
  • LIVE,
  • LTC,
  • SUN ,
  • SUNOLD,
  • NFT
  • TRX ,
  • TUSD,
  • USDC,
  • USDT,
  • WBTC,
  • WBTT,
  • WETH,
  • WIN,
  • WTRX.

How is the price of a TRC20 token determined?

To find the value of price of how JustSwap tokens are determine, this a formula that is used.

x*y = k

Where
X = The first token
Y = The Second token
K = A Constant

The token are constantly in movement either increases and decreases, both the two token X and Y while K is always a constant, That is it doesn't change, it is also known as a fixed Values

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

Step 1

First of all click on “Connect to Wallet” found on the top left of the navigation bar on the site.

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Step 2:

Click on the “TronLink Wallet” option.

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Step 3:

Input the password to the account to log in into your TronLink account, choose the desired wallet you want to connect to.

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Step 4:

After successful connection, your wallet address and balance will be displayed on top left corner

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

Step 1:

Connecting TronLink Wallet to JustSwap.

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Step 2:

Choose the token you wish to exchange.

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Step 3:

It's time for Token exchange

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Step 4:

Confirm the swap

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Step 5:

Complete the transaction

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

Step1:

  • When you are on the JustSwap platform, click on Pool then,

  • And click on "Add Liquidity"

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Step2:

  • Choose your desired tokens you want to add liquidity
    and then Input amount you wanted to add, then,
  • Click on “Supply”. button

Note: because of questions TRX must be involved and

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Step3:

Click on “Confirm Supply” button

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Step4:

  • Congratulations dear, you have successfully add liquidity

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Conclusion

Justswap is currently one of the best dApp on the Tron blockchain, one of its selling point is the Tron blockchain free transaction fee if you frozen Tron.

@kouba01

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Hello @eberechi10,
Thank you for participating in the 5th Week Crypto Course in its 4th season and for your efforts to complete the suggested tasks, you deserve a Total|3/10 rating, according to the following scale:

OriginalityCompliance with topicConsistency of methodQuality of analysisClarity of structure & language
(0.25/2)
(1/2)
(0.5/2)
(0.25/2)
(1/2)

My review :

An article with poor content that required me to stand on a number of points, the most important of which are:

  • The importance of the platform in the TRON ecosystem is not deeply analyzed, it also lacks a clear methodology in writing, which made you move from one idea to another without linking.

  • In your explanation of how JustSwap works, you are asked to prepare an illustration.

  • You should have explained more how to connect the platform with mobile app .

Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01