LokumFinance is a robotized market maker (AMM) a decentralized record (DeFi) application that licenses customers to exchange tokens, giving liquidity through developing and getting charges thusly. It was dispatched in April 2021 and is a decentralized exchange for exchanging BEP20 tokens on Binance Smart Chain. LokumFinance uses an automated market maker model where customers trade against a liquidity pool. These pools are filled by customers who store their resources into the pool and get liquidity provider (LP) tokens thusly.
What are the Automated market makers?
Automated market makers (AMMs) have become all the buzz, largely for replacing the traditional exchange-listing process and limit-order books with a permissionless liquidity pool run by algorithms. An automated market maker (AMM) is a system that provides liquidity to the exchange it operates in through automated trading. Automated market makers are smart contracts that create a liquidity pool of ERC20 tokens, which are automatically traded by an algorithm rather than an order book. This effectively replaces a traditional limit order book with a system where assets can be automatically swapped against the pool’s latest price.
Types of AMM
There are two main types of automated market makers (AMMs). While one may be governed and set up by professional market makers, the other is fully automated by a set algorithm, allowing any user in the market to participate by depositing liquidity into the smart contract. And Lokum Finance uses the second one for the benefit of its investors.
A glimpse of Decentralized Exchange
A decentralized exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), decentralized platforms are non-custodial, meaning a user remains in control of their private keys when transacting on a DEX platform. A decentralized exchange is a cryptocurrency exchange market that operates in a decentralized way allowing a peer to peer trading without a central authority. And when a user needs to withdraw his/her funds, these are converted back into the cryptocurrency they represent and sent to their owner.
What Advantages Lokuman offers by using DEX?
DEX appeared to solve various problems on the central exchange. So DEX has some advantages.
Ensure anonymity: Whereas traditional centralized exchanges do business with personal accounts on the central server, DEX protects personal information because transactions are made based on personal wallets. So you don’t need to enter your personal information on the exchange!
A decentralized server: DEX is not a way to trade data through a central server, but an exchange that supports transactions between individuals through P2P without a middleman. That’s why it’s safe from hacking!
No transaction fee: There is no charge for DEX without a central broker.
It’s a big advantage because there’s no fee for receiving a few percent of the transaction amount from an existing exchange! (Without Gas fee)
Roadmap
Date
● 1st Team Meeting 21/03/2021
● Token creation 25/03/2021
● Ask for social profile validation in BSCscan 30/03/2021
● Pre-sale launch 30/03/2021
● Farming launch 07/04/2021
● Audit TechRate 14/04/2021
● Ask for CoinMarketCapListing 14/04/2021
● Lottery Q3
● NFT Q4
● Vault 2022
● Autocompound 2022
Lokuman Finance based on Binance Smart Chain (BSC) is a blockchain protocol from Binance that runs in parallel with Binance Chain. Binance Smart Chain uses a consensus algorithm known as Proof of Staked Authority (PoSA) where 21 validators stake BNB, the native token for the Binance ecosystem, to secure the network. You can easily trust this project and invest in.
Official links for more details,
Website : https://lokum.finance
Whitepaper : https://docs.lokum.finance
Telegram : https://t.me/lokumswapfinance
Twitter: https://twitter.com/FinanceLokum
Medium : https://lokumswap-finance.medium.com
Authorship
BitcoinTalk username : morendx_77
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1965346
BSC Address: 0x558763fa49d7Fd45b52B658630E2b910df332841