1. Present the Just Swap platform in your own way, demonstrating its importance within the Tron ecosystem blockchain.
Presenting the justswap
Justswap is the platform wheredecentralized token exchange on (TRX) and (DEX) TRON for exchanges between TRC20 tokens. Allow the users to exchange any TRC20 tokens at system price immediately.
Justswap also permit users to earn transactions fees by liquidity supplier, even getting commission fee on the protocol.In accrual, to exchanging TRC20 tokens, justswap the users have the capacity to earn transactions fees and drilling benefits.
Features of justswap
Justswap has five essential strengths which are:
▪︎ It permit traders to immediately exchange between any TRC20 tokens. Market makers make a profit without any limit to entry.
▪︎Endless liquidity, Its well known that liquidity is a outstanding importance to all crypto projects.Trading platforms and even then whole industry.justswap deliver thousands of traders and hundreds Of project with unlimited liquidity.
▪︎ More profitability, user will get constant processing fee without any commission .
▪︎ Great accommodation, Justwsap permit instant immediately exchange Without matching orders.
TRON Ecosystem Introduction
The TRON is a good block chain ecosystem which is described and advanced by blockchain advancers over the world, which follows the viewpoint of Decentralized of web. Here are some type of products like included in TRON ecosystem, public chain , wallet client Etc.
These product are closely related to each other and together , this groundwork the strenght of the core ecosystem.
TRON PUBLIC CHAIN
Overview TRON openly chain is a decentralisation blockchain network administer formed on Tron protocol, performs as the whole of TRON ecosystem fire on 25th june 2018.TRON public chain, including token assets issuing, DAPP distribution and running , post amd vote for gains, assets transferring Etc.
present TRON ecosystem has a set of itself 10 years roadmap in the model.
Architecture TRON openly chain realizes the form of deeply hypothetical modularisation. Sovereign the system into several whole modules, including data storage, consensus.
TRON's ecosystem growth
The athletic growth of TRON's ecosystem can never be sovereign form ecological products. The products below developments and some testing are listed here:
▪︎ lite client is full growth will be more available to devices with cheap specs.
▪︎life full growth it is solves the problem of the big data occupation of the full growth.
▪︎Groundwork safeguard transactions on TRON ecosystem public chain.
The future of TRON
In the future, we will observe to value concept of 'decentralized the web' and conduct on going in the following areas.
▪︎Cross- chain established on TRON public chain.
▪︎ Full groundwork for safeguard transactions.
▪︎ A safer and Faster TVM.
▪︎ Analysis of DeFi area.
▪︎ Consolidate with other products like BTFs, bring more applications scheme to DAPPs.
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.
justswap Traded assets
Justswap (DEX) groundwork the trading of tron blockchain-based tokens are native tokens of DApp projects created on the Tron blockchain, which apply the available Tron network resources for its operations. There are some examples of TRC 20 tokens on justswap.
▪︎ Just/TRX, in which jst is the native token for a new decentralized finance project created on the Tron blockchain.
▪︎ USDT/TRX, in which Tether(USDT) is a cross chain crested stablecoin that is fix at the equivalent of $1.
▪︎BTCT/TRX, in which BTCT is a bitcoi mirrored TRC 20 token created on the Tron network, which is also backed by bitcoin.
▪︎ USDJ/TRX, in which USDJ is also a cross chain stable project which is backed by collateral assets, such that TRX can be given as collateral to earn USDJ.
▪︎ WIN/TRX, in which WINKLINK is a TRON blockchain based oracle project that combined real life data into useable blockchain data.
Justswap DEX , formulated prices of assets locked in its liquidity pool by adjusting prices ( in raising or decreasing order) according to supply and demand of the TRC 20 asset pairs. This is model of price regulation apply expression represented as:
X × Y= k | Where X is a TRC 20 token applicable in contract, Y is the TRX token available in contract with the paired TRC 20 token and k is a regulating constant.
To illustration this , Examine the image below and the the follow up example. Lets assume that Token A is a TRC A 20 token and Token B is TRX, such that the pair A/B is an applicable justswap liquidity pool.
From the above images, A trader Swapped a Token A (TRC 20 token ) for token B (TRX) at the prices point tagged old position.
Itt raises the ratio of the token A (TRC20 token) to available Token B (TRX) on the paired contract.
Since the value of K is constant the token B (TRX) available contract balance is decreased causing an increase in the price of token B (TRX), and a decrease in the price of token A (TRC20) which is tagged new position.
This automatically market maker pricing method follows the principles of demand and supply, such that surplus supply causes price depreciation, and raised demand increases the price of the roken aince the liquidity pool size must remain constant.
3. How do I connect my wallet to JustSwap.io? Is there a mobile app?
Justswap is simple to use and we can easily connect our wallet with the justswap and can perform our transactions, do trading, provide liquidity and swap our tokens.
As it is a Tron blockchain based DeFi exchange so it stand only TronLink wallet, so you do not have any need to based another account for the justswap you can just use your Tronlink Wallet and can perform your transactions.
▪︎ just log in to Your Tronlink wallet
▪︎ Then go to Justswap, there you will see a connect to wallet button on the left upper side of the website.
Linking TronLink wallet to justswap
First, visist justswap official website
Next, select the Tron created wallet, in this instance, the available wallet is Tronlinkwallet
Next, connect the Tronlink wallet to the justswap platform over the crome web extension plugin. Click connect after verification the wallet of choice.
The Tronlink wallet will be attached the justswap (DEX) platform showing the available TRC 20 tradable token and the TRX balance of the wallet.
Then, a dialog box opens. Click on connect and your wallet will successfully connect to the site.
Mobile Applications
The justswap platform do not groundwork use of mobile applications but they Suggest the use of Tronlink wallet, which has a web version and a mobile application version for both android and iOS iOS ecosystem. The links to downlaod the mobile application of Tronlink wallet is available on tronlink official website
4. Include a real example of your interaction with Just Swap, demonstrate how you can trade on the platform
Now, in this question I will be showing about to swap a TRC-20 for the other with the help of justswap platform. To do this, first conncet your Tronlink Wallet with the justswap platform which I have shown above.
Now, go to the swap section and then in the estimated column, click on the arrow as shown below:
In the search bar, type the token in which you want to swap your trx. I am swapping TRX and USDT so i have searched for usdt in the search bar. Then click on it and it will be showing on the estimated column.
Now, enter the amount of trx you want to swap. I do not have much amount of trx in wallet so i have selected 7 trx to swap in to used. After selecting TRX, the estimated usdt has automatically entered. Then click on the Swap button.
Now, the details of the swapping is shown in which the liquidity provider fees is of 0.021 trx in my case. Then click on confirm swap.
Then, a page will open in which you have to sign in the TriggerSmartContract. Click on sign button and after some seconds of processing, a pop-up of successfully completed swap will appear. Click on close button.
Then, an option will shown where you can check the details of your transaction on Tronscan platform. I clicked on the pop-up and the details of my transaction has shown in which the hash and result of transaction was there.
5. Include a real example of your interaction with Just Swap, explain How to add liquidity to JustSwap.
Liquidity is a concept on Decentralized exchanges and it is very great concept as it allows the Investors/Holders to get some gain of capital on their holdings.
Now, in this question we are going to discuss about adding liquidity to the liquidity pools available on JustSwap. In this case switch to the pool section from the swap section and then click on the Add Liquidity option.
Now, in the page that opens, select the tokens in both the boxes. I have selected TRX in the first box and in the second box, i have selected USDT. Then enter the amount of trx in the first column and the second column will get automatically filled. I entered 1 Trx.
Then I clicked on Supply.
On the next popup I have clicked on confirm supply. Then a pop-up of approve usdt will appear where it takes some time to process.
Then a page will open where there are the details of the transaction. Then you will get a signing pop-up and you have to click on sign and after some seconds and the messgae of successfully added appears and the Liquidity are added successfully.
This is the process of adding liquidity. Actually in my case the amount of trx required was not sufficient and so the addition of liquidity was not completed.
CONCLUSION
The Justswap platform is a decentralized tron based financial exchange which is used for trading of TRC20 and TRX tokens. The Justswap exchange is easy to use and it has many benefits. In this, there is no use of orderbook and all the calculations required for trade are calculated automatically.
The justswap platform requires no verification and kyc and this is one of the major benefits. Tronlink wallet is used to connect with the justswap exchange so that we can swap our tokens and we can also add liquidity by ths in the justswap.
By the lecture of professor @kouba01, I have learnt a lot about the Justswap exchange and this post has became much beneficial and informative for me. So I would like to thank to professor @kouba01 for making this wonderful and insightful lecture.
Hello @sachin08,
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|8/10 rating, according to the following scale:
My review :
Good content in which you tried to implement what was asked of you to explain it with distinction. Here are some notes I give you.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01
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